At 4:15 PM on June 8, 2026, a ladle explosion at the SMS-1 steelmaking shop of Visakhapatnam Steel Plant (VSP) — operated by Rashtriya Ispat Nigam Limited (RINL) — unleashed molten metal at over 1,500°C onto the working platform below Caster-2. According to a preliminary report by India's Chief Inspector of Factories, the cause was a sudden release of gas entrapped within the liquid steel, which ruptured the ladle seal before the sliding gate was opened, triggering a catastrophic spill.

Data shows that in 2024, the average curb weight of China's passenger cars reached 1,704 kg, nearly 400 kg heavier than in 2012. Additionally, around the year 2000, common household NEVs on the market mostly had a width of around 1.7 meters. In 2015, the width increased to 1.8 meters. This week, household vehicles that often weigh close to 2 tons are sparking discussions due to their growing size and weight. Automaker engineers state that for every 10 mm increase in the width of an NEV's auto body, approximately 0.8 kWh more electricity can be packed in. However, experts say that vehicles becoming "fatter" is not solely due to this reason. Experts explain: Some automakers use driving range as a selling point, claiming that their cars can travel 800 or 1,000 kilometers on a single charge. In fact, behind this is the need to install a large battery pack inside the vehicle, which may weigh 700 to 800 kg. On January 1 this year, a mandatory national standard for EVs was officially implemented. For any new car model failing to meet energy consumption standards, the MIIT will not grant registration; the vehicle cannot be produced, sold, or licensed, guiding automakers to curb the growing trend of "obesity" in EVs. In the future, NEVs may hopefully return to standard dimensions.

2026 marks the first year of the 15th Five-Year Plan. Against the backdrop of intensifying global macro volatility and China's deepening high-quality development drive, the zinc industry is undergoing profound transformations: tightness on the ore side and the release of smelting capacity are creating structural tensions, diverging domestic and international inventories reflect the complex supply-demand rebalancing, and technological innovation is emerging as a key driver to resolve these contradictions and reshape the landscape. New energy, new-type infrastructure and other priority areas of the 15th Five-Year Plan are injecting fresh momentum into traditional zinc consumption, while the green, low-carbon and circular economy is also accelerating the restructuring of the industry's logic under the impetus of technological innovation. With the collective support of upstream and downstream zinc industry enterprises, industry associations and all relevant stakeholders, the 2026 SMM Zinc Industry Conference and the 8th Hot-Dip Galvanizing Industry Development and Technological Innovation Forum, the 14th Zinc Salts, Zinc Oxide and Zinc Secondary Resources Development Forum, and the Cast Zinc Alloy Development Forum is about to be held on August 6-8 in Qingdao, Shandong. The conference is themed "Harnessing Zinc Strengths, Building the Zinc Industry, Embarking on a New Journey", with a dual driving force of macro perspectives and fundamental analysis, closely aligning with the high-quality development mainline of the 15th Five-Year Plan, and focusing on four key dimensions: macro policies, supply-demand patterns, global trade, and technological innovation. It aims to drive cost reduction and efficiency gains through technological breakthroughs, respond to market fluctuations with collaborative innovation, and jointly paint a new blueprint for the high-quality and sustainable development of the zinc industry.‌ Baoding Aoqisheng New-type Metallic Material Manufacturing Co., Ltd. will be present at this grand event, to discuss industry development trends with peers, and jointly propel the zinc industry to new heights. Click the to register now and participate in this meaningful and far-reaching industry event, and jointly create a brilliant new chapter! Established in 2012 with a registered capital of 39.8 million yuan, Baoding Aoqisheng New-type Metallic Material Manufacturing Co., Ltd. is located in Baoding, Hebei, a historic city in China, situated in the heart of the Beijing-Tianjin-Hebei triangle. Rooted in the galvanizing market of North China, it serves the nationwide galvanizing market. The company boasts a comprehensive management system and a quality and technical service system with full participation. It has obtained certifications including "Quality Management System ISO 9001", "Occupational Health and Safety Management System ISO 45001", and "Environmental Management System ISO 14001". Its trademarks "Baoding" and "Aoqisheng" are registered with the State Trademark Office. The company holds 7 invention patents and 37 utility model patents. Through deep cultivation in the industry, it has earned numerous prestigious provincial qualifications and honors. It has successively been recognized as a Hebei Province Sci-tech Small and Medium-sized Enterprise, Hebei Province Innovative SME, Hebei Province "Specialized, Sophisticated, Distinctive, and Innovative" SME, Hebei Province "Specialized, Sophisticated, Distinctive, and Innovative" Demonstration Enterprise, and a provincial-level manufacturing single-champion demonstration enterprise. It has established the Hebei Province Enterprise Technology Center and Hebei Province Zinc-based Alloy Innovation Center, and was honored as a Hebei Province Green Factory. In 2021, Baoding Aoqisheng New-type Metal Material Manufacturing Co., Ltd. cooperated with the National Engineering Laboratory for Advanced Metal Coating of China Iron & Steel Research Institute to build the Baoding Alloy New Material Production and Research Base project. The company enjoys high visibility in China’s hot-dip galvanizing alloy manufacturing industry. Its main products include: Zn-Al alloy, Zn-Ni alloy, multi-element rare earth alloy, Zn-Bi alloy, Zn-Sb alloy, Zn-Al-Mg alloy, and various other new-type functional zinc-based alloys. ◆ Contact Us ◆ Tel: 0312-8063789 QQ: 767 496 767 Website: www.bdags.com Address: No. 1699, Zhongxin West Road, Qingyuan District, Baoding City Long press to scan and register now 2026 SMM Zinc Conference

22 May, 2026 Highlights Gold import duty was raised sharply by 9%– from 6% to 15%, the steepest increase on record – alongside broader regulatory tightening Domestic gold prices have not yet fully reflected the duty hike amid weak demand and ample supply; local markets are currently in deep discount from the landed price 1 Past trends indicate that higher duty increases unofficial inflows, although official imports remain relatively resilient Gold demand is expected to moderate in 2026, with jewellery and bar and coin demand projected to decline by 50–60t (~10% y/y) on account of the import duty hike. Policy actions on gold imports Since early April the government has adopted a series of measures aimed at moderating gold imports. These have been part of a broader push to conserve foreign exchange reserves amid geopolitical uncertainty and mounting pressure on the INR, which has depreciated by more than 7% y-t-d. These measures include price-based actions, administrative and regulatory tightening, and consumer-directed messaging. While noteworthy, they are not unprecedented; gold is among the top five imports for India, accounting for 8% of the country’s merchandise imports in 2025, and similar measures have been utilised in the past. On the price front, the gold import duty was raised sharply from 6% to 15%, making it the single largest increase on record and fully reversing the duty cut of July 2024 ( Chart 1 ). Rules were also tightened for gold imports linked to exports (under the advance authorisation scheme) 2 and the Prime Minister has directly appealed to consumers, urging them to avoid buying gold for a year. 3 Chart 1: Import duty reverses course Customs duty on gold (%)* *As of 13 May 2026 Source: CBIC, World Gold Council. These measures followed a series of policy actions that were seen as efforts to slow the import of gold, including the delay in issuing annual licenses for bullion imports to banks, 4 restrictions on the import of all forms of gold, silver and platinum jewellery and platinum alloys; 5 and continued delay in issuance of notification exempting banks from the Integrated Goods and Service Tax (IGST), 6 which led to the banks pausing bullion imports for over a month. 7 The pattern of gold import duty revisions To date, India’s gold import duty revisions have been infrequent, with long periods of stability between policy revisions. Gold imports were subject to a flat duty (a fixed rupee amount per 10g) prior to 2012, but this was subsequently replaced by a value-based duty structure. Between 2012 and 2013 duties were raised repeatedly through a series of 2% hikes, up to 10%. This was followed by a prolonged gap of nearly six years before a further 2.5% hike in July 2019. Since then, revisions have become larger and more frequent, including duty cuts in 2021 and 2024 and sharp hikes in 2022 and 2026, reflecting a more active use of import duties to manage trade dynamics. Table 1: India’s gold import duty cycle Source: CBIC, World Gold Council Price adjustment – the tariff lag effect As expected, the import duty hike led to an immediate increase in domestic gold prices. However, the rise in prices was lower than the 9% increase in duty. Physical market prices, proxied by the MCX spot gold price, have risen in the range of 4% to 6% since the change in duty. While the duty hike mechanically raises the official domestic or landed price, 8 physical market prices do not fully or immediately mirror the increase in duty – rather they adjust to it with a lag, particularly when the change is as steep as the current 9%. Moreover, the increase came at a time of seasonally weak demand – summer wedding purchases are largely over, and the period from mid-May to mid-June is considered inauspicious for buying gold – thus limiting the full pass-through of the duty hike. Market feedback indicates that there is ample supply from the exchange of old gold jewellery for new, and the likely front-loading of imports, further limiting the rise in price. Chart 2: Prices have risen less than the duty hike Landed price and MCX spot gold price in USD per ounce* *As of 18 May 2026. Landed price is the international prices (LBMA Gold Price AM) adjusted for import taxes. Source: Bloomberg, CBIC World Gold Council. Domestic gold prices trade at a deep discount post duty revision In the immediate aftermath of the import duty hike, domestic gold prices traded at a steep discount to official prices, 9 widening from an average of US$14/oz the week prior to the duty hike to nearly US$150/oz ( Chart 3 ). The rise in domestic prices post the duty hike triggered profit-taking by investors, boosting supply even as physical buying weakened, and bullion dealers likely offloaded inventory imported at lower duty rates, adding to market supply. Chart 3: Discounts widened sharply NCDEX gold premium/discount relative to the official domestic price* *As of 15 May 2026. Source: NCDEX, World Gold Council. Previous import duty hikes in 2019 and 2022 also resulted in discounts in the domestic market, but this episode has been significantly more pronounced due to the scale of the increase ( Table 2 ). Table 2: Post-duty hike movement in domestic gold price discounts (US$/oz) Source: NCDEX, World Gold Council Market and trade reaction and expectations Share prices of listed jewellers fell by ~2%–17% following the duty hike, reflecting expectations of weaker discretionary demand. Market feedback and trade interactions suggest a varied impact across segments, with many retailers indicating a likely pause in procurement. Large chain stores saw a brief period of panic buying after the announcement, driven by expectations of further measures, and while they expect a slowdown in sales, they remain relatively resilient given inventory buffers and continued support from bridal demand. Mid-sized and regional players continue to see buying from affluent customers but are expecting to rely more on exchange programmes and tighter inventory cycles going forward. Smaller retailers appear the most vulnerable: already stretched by persistently high prices, they now face added pressure from sales volumes and profit margins. Import duties and smuggling Import data points to a consistent relationship between higher import duties and the inflow of unofficial gold. Between 2013 and 2026 increases in import duty were mostly followed by higher levels of unofficial or smuggled gold, while duty reductions coincided with sharp declines in such inflows. Excluding the COVID years of 2020–21, the correlation between import duty and unofficial imports is positive at 0.52, indicating a meaningful link between higher duties and smuggling activity. Following the 4% duty hike in 2013, unofficial imports increased sharply from around 10t in Q1 of that year to 70t by Q1 2014, a seven-fold increase in under a year. Even when duties were steady at 10% through the second half of 2013 until Q2 2019 unofficial inflows remained elevated, averaging 34t per quarter. This suggests that once smuggling networks are established they are difficult to unravel. A similar pattern was observed after duty was hiked from 10.75% to 15% in July 2022. Unofficial imports rose from 17t in Q2 2022 to nearly 50t by late that year and stayed elevated through much of 2023. In contrast, after duty was cut to 6% in July 2024, unofficial imports fell almost immediately to near zero. There was a temporary drop in unofficial imports during 2020–21, which can be attributed to COVID-related disruptions. The evidence suggests that higher import duties widen the domestic–international price gap and increase the incentive for smuggling, while lower duties reduce its attractiveness. Chart 4: Import duty driven shifts Source: Metal Focus, World Gold Council. Limited duty sensitivity of imports Our analysis suggests that import duty changes have had a limited influence on official import volumes over the past 13 years. 10 Across duty regimes ranging from 6% to 15% official imports remained relatively resilient, between 175t and 236t per quarter in most periods, excluding the COVID period in 2020. The highest quarterly imports were recorded under the 10.75% duty regime (236.2t), while imports also remained stable at the higher 15% duty rate (174.5t). Statistically, the overall correlation between duty rates and official imports is negative 0.17, indicating a weak relationship between the two. This suggests that duty changes are not a key driver of imports; rather, broader demand conditions play a greater role. Chart 5: Steady imports through duty cycles Average quarterly official imports at various import duty levels* *As of 18 May 2026. Source: DGCIS, CBIC, World Gold Council Recent data also highlights import resilience: April imports rose to US$5.6bn, up more than 80% on an annual as well as a sequential basis. This was despite banks pausing gold imports as they awaited the renewal notification that exempt them from the integrated goods and services tax (IGST). This suggests that the imports were likely driven by refiners, who increased their intake of gold doré around the key demand period of Akshaya Tritiya (19-20 April) further supported by gold price moderation. At the same time, some degree of front loading of imports – in anticipation of curbs amid the prolonged Iran-US conflict, elevated oil prices, and the INR vulnerability to a high import bill – cannot be ruled out based on anecdotal evidence. In volume terms, we estimate imports in April were in the range of 48-55t. Chart 6: Imports rise despite disruptions Monthly gold imports in tonnes and US$bn* *Includes World Gold Council estimates. Source: Ministry of Commerce and Industry, CMIE, World Gold Council Gold ETFs: flows slow Indian gold ETFs continued to attract inflows in April 2026, marking the 12th consecutive month of positive flows. Net inflows stood at INR30.4bn (US$325mn), broadly in line with our estimates . 11 While inflows were modestly higher sequentially (up 3% m/m), they remained well below January’s peak, at about 13% of the INR240bn (US$2.6bn) recorded at that time, signalling a moderation in demand after a very strong start to the year. Redemptions stayed elevated in April at INR20.5bn (US$220mn), reflecting ongoing profit-taking, a trend seen since February. Cumulative holdings rose by 1.1t to 116.7t, while AUM stood at INR1,781bn (US$19bn), a modest 3% decline from January, largely due to softer gold prices (down ~9% in INR terms). Investor participation remained healthy, with folios (or accounts) reaching 12.5mn, although growth slowed in April, with folio additions of 77,413 – the lowest since September 2024. Gold ETFs experienced outflows following the import duty hike, with redemptions from 13-18 May largely reversing earlier gains. On a month-to-day basis, however, demand remains marginally positive at around INR1bn (~US$12mn). Chart 7: Gold ETF momentum softens Gold ETF flows in INRbn, and total holdings in tonnes* *As of end April 2026. Source: AMFI, ICRA Analytics, CMIE, World Gold Council Demand moderation Gold demand trends across different duty regimes indicates that while import duties influence consumption, other key factors such as gold prices, income growth and inflation, simultaneously impact demand. Periods of high import duties have generally coincided with a moderation in demand, particularly for bars and coins. Average quarterly demand remained relatively subdued during the extended 10% duty period of 2013-19 ( Chart 8 ) as well as during the period of 12.5% duty (2019-20), although the latter was also affected by COVID. Chart 8: Tariffs temper demand Average jewellery and bar and coin demand at various import duty levels* Source: Source: Metal Focus, CBIC, World Gold Council Our econometric models 12 suggest that changes in import duties tend to impact gold demand in both the short and long term, although the impact differs across jewellery and investment products such as bars and coins. Investment demand appears more sensitive to duty changes, while jewellery demand has shown greater resilience. Jewellery consumption is influenced more by prices and inflation and import duties have less of an impact. This is likely because jewellery purchases often tend to be a requirement, particularly for weddings and social occasions. Investment demand on the other hand is linked to income levels and import duties, with higher duties and restrictions tending to weigh on demand. In the short term, factors such as inflation and rainfall also influence investment demand alongside taxes. Looking at 2026 as a whole, we estimate that combined jewellery and bar and coin demand could decline by around 50-60t, around 10% lower than the previous year due to the impact of the import duty hike. Other factors, such as the gold price, changes to income levels, inflation, or effects from the monsoon would further influence annual demand. Footnotes 1 Landed price is the international price (LBMA Gold Price AA) adjusted for import taxes. Prices as of 18 May 2026. 2 Centre further tightens gold import rules, caps advance authorization at 100 kg, The Tribune, 20 May 2026. 3 Why PM Modi asked Indian families not to buy gold for a year, India Today, 11 May 2026. 4 After delay, DGFT authorises 17 banks to import bullion for 3 years, Indian Express,17 April 2026 5 India imposes immediate restrictions on gold, silver and platinum jewellery imports to curb FTA misuse, NDTV Profit, 1 April 2026. 6 IGST is a tax on the supply of goods and services between states in India. 7 India's gold import crisis: Why banks halted shipments for a month and what it took to start again, Money Control, 12 May 2026. 8 Landed price is the international price (LBMA Gold Price AM) adjusted for import taxes. 9 Official domestic price is the landed prices which is the international price adjusted for import taxes. 10 Q3 2013 to Q1 2026. 11 Based on partial information 12 Reference page 128-132. Source： https://www.gold.org/goldhub/gold-focus/2026/05/india-gold-market-update-import-tightening

May 22, 2026 7:07 AM EDT Key Points Central banks sold gold to defend currencies amid 2026 US-Israel-Iran conflict and energy crisis. Jeffrey Currie predicts gold could fall to $3,750 before rallying as structural buyers return. Long-term, AI-driven demand and underinvestment may push gold prices toward $10,000 per ounce. Gold has always been the asset investors run to when they stop believing in everything else. It is the trade that pays off when central banks lose credibility, when currencies wobble, when geopolitics get loud, and when the rest of the stock market finally cracks. For most of the past three years, that playbook worked beautifully. Sovereign buyers from Beijing to Warsaw to Ankara stacked bullion at a pace not seen in half a century. Retail piled in behind them. The metal blew through one all-time high after another, and the bears went quiet. Then 2026 happened. A US-Israeli war on Iran shut down the Strait of Hormuz, sent energy prices vertical, and forced some of the same central banks that drove the rally to start unloading their gold to defend collapsing currencies. The yellow metal has now given back almost all of its year-to-date gains, hovering near $4,534 an ounce on May 19, according to Fortune . Now one of Wall Street ’s most respected commodity voices is telling clients the pain is far from over. And the eventual payoff, if his call lands, will dwarf anything the gold market has ever produced. Why this gold selloff is just getting started The bear in question is Jeffrey Currie, the former global head of commodities research at Goldman Sachs ( GS ), who spent 27 years at the firm before leaving in 2023 and is now chief strategy officer of energy pathways at Carlyle Group ( CG ), according to Carlyle . He is best known for calling the 2000s commodity supercycle and predicting oil’s run past $100 a barrel. In a recent thread on X , the former Twitter, Currie wrote that he has been “short gold” since March despite describing himself as a “gold perma bull”. His thesis is mechanical, not philosophical. The Iran conflict and the prolonged closure of the Strait of Hormuz have driven energy import costs higher and pressured emerging-market currencies. To defend those currencies and pay for fuel, some of the world’s most prolific gold buyers have flipped into sellers. Turkey is the cleanest example. Its central bank sold or swapped roughly 79 tons of gold in the first quarter alone, with “the largest sales from Turkey (60 tonnes) and Russia (16 tonnes) [offsetting] purchases elsewhere,” according to the World Gold Council . “When the marginal central bank flips from structural buyer to forced seller to pay for energy, gold’s biggest bid disappears,” Currie wrote on X . That dynamic, in his view, points to a deeper retracement. He sees gold sliding all the way toward $4,000, with a possible overshoot into the $3,750 range, before sovereign buyers, particularly China, step back in and restart the rally. The bigger thesis behind the $10,000 gold target Currie’s gold call sits inside a much bigger argument about how a decade of capital flows have left commodity markets dangerously under-invested. After running the numbers against his framework myself, the imbalance is more extreme than most equity investors realize. The argument starts with where the money has gone. The Magnificent Seven plus Oracle ( ORCL ) are projected to spend roughly $820 billion on artificial intelligence capital expenditure in 2026 alone, which Currie called “the largest physical commodity bid ever assembled inside eight income statements,” according to Benzinga . Meanwhile, the suppliers cannot keep up. The numbers Currie laid out paint a clear picture: Information Technology and Communication Services make up roughly 43% of the S&P 500 , while Energy and Materials together account for about 6%. Upstream oil and gas investment is down 35% from its 2015 peak. The world’s top 20 mining companies are spending 40% less than during the 2012 peak cycle, per Currie’s analysis. Central banks bought a net 244 tonnes of gold in Q1 2026, up 3% year-on-year. Source: Currie’s analysis via Benzinga Currie calls this transition the move from “HAGO” (Hard Assets, Global Operations) into “ HALO ” (Hard Assets, Local Operations), where physical commodities are repriced upward as supply struggles to meet AI -driven demand. “The price will overshoot first. The capex will follow. Then the new supply,” Currie wrote in his X thread . That sequence, in his framework, is what eventually pushes gold to $10,000. Once central banks stop fighting inflation , pivot back to easier policy, and resume buying physical metal, the same forced sellers of today flip back into structural bidders. What this gold call means for your portfolio None of this guarantees Currie is right. Plenty of veteran strategists have made bold price calls that aged poorly, and the path from $4,000 to $10,000 will almost certainly take years rather than quarters. Iris Cibre, founder of Phoenix Consultancy in Istanbul, has noted that Turkey’s recent gold operations were primarily designed to support the lira during a specific war-driven liquidity crunch, not a verdict on gold’s long-term value, according to the Canadian Mining Report . That distinction matters. Forced selling is not fundamental selling, and a 2025 survey found that 95% of central banks expected global gold holdings to rise over the next 12 months, according to the World Gold Council . In my analysis, what makes Currie’s framework interesting is the structural argument underneath the headline number. Markets have systematically underfunded the physical world for a decade while flooding the digital one with capital. If he is even directionally right, the next gold cycle is less about jewelry, inflation hedges, or fear trades. It is about repricing every ton of metal that an AI data center, an EV plant, or a defense supply chain ultimately needs, an argument that echoes Goldman’s own longer-term outlook for the rest of this decade. For investors holding the SPDR Gold Shares ( GLD ) ETF, which was up 3.32% year-to-date as of last week, the short-term setup looks ugly. Currie himself is positioned for a deeper drawdown first. But the same trade he is shorting today is the one he expects to flip aggressively long once the energy shock starts hurting growth. If you own gold, the next chapter of this story will probably be written by central banks, not by day traders. And central banks have very long memories. Source： https://www.thestreet.com/investing/veteran-goldman-strategist-makes-stunning-10000-gold-call

【SMM Steel】ArcelorMittal Spain's president expressed doubts about EU's new steel market safeguards. From July 2026, duties on over-quota steel will rise from 25% to 50%. Despite tighter protections, the company expects a less active year-end due to geopolitical uncertainty. In Spain, imported steel share rose from 22% in 2012 to over 50% last year, indicating systemic loss of competitiveness. EAF economics remain more complex than BF models. The new EU rules set annual duty-free quota at 18.3 million tonnes with 50% over-quota duties.

Indonesian state-owned steel giant PT Krakatau Steel (Persero) Tbk (IDX: KRAS, hereinafter referred to as "Krakatau") released its 2025 consolidated financial statements on March 31, 2026. On the surface, the company recorded a net profit of 339.6 million USD (approximately 5.68 trillion IDR), its best performance since 2019. However, unpacking the core steel business reveals that the steel segment's operating loss in 2025 actually widened from 40.79 million USD in 2024 to 102.5 million USD.

As of March 2026, UK solar capacity reached 22.1 GW, supported by over 2 million cumulative installations. Monthly growth peaked in March with 27,607 new sites, the highest rate since 2012. While small-scale arrays under 50 kW dominate by count, large-scale progress was highlighted by the 373 MW Cleve Hill plant. Bolstered by a £15 billion home efficiency fund and the upcoming legalization of 'balcony solar' devices, the UK is accelerating toward its 45 GW 2030 target, with a record 4.9 GW recently secured via the latest CfD auction round.

On May 14-15, 2026, the SMM WCCE 2026 (4th) Wire and Cable Industry Development Conference and Industrial Exhibition will grandly open at the Suzhou International Conference Hotel, focusing on precise matchmaking across the cable industry chain. Centered on full-chain resource integration and efficient supply-demand matching, the exhibition will build a premium bridge for business negotiation and technical exchange among industry partners. As a key enterprise attracted through investment promotion in Lanzhou New Area, Yongsheng Cable's products cover various power cables, overhead conductors, and more, popular across six northwestern provinces with both quality and reputation. Gansu Yongsheng Cable Co., Ltd., established in March 2012, is a key enterprise attracted through investment promotion in Lanzhou New Area — the only national-level new area in Gansu Province. The company is located in the geographic center of Northwest China and a key hub on the Silk Road under the Belt and Road Initiative — Lanzhou, Gansu Province. The company integrates R&D, manufacturing, sales, and export and is a professional wire and cable producer. The company's annual capacity exceeds 3 billion yuan , with a registered capital of 155 million yuan and a standardized production workshop covering an area of 21,700 m². The company has over 60 employees, and its sales network covers regions including Gansu, Shaanxi, Qinghai, Ningxia, Xinjiang, and Tibet. The company owns more than 50 sets of specialized equipment including copper, aluminum, and aluminum alloy wire drawing, stranding, extrusion, cabling, armoring machines, and crosslinking production lines, as well as over 30 sets of detection equipment and a high-standard laboratory fully equipped with instruments. All incoming raw materials, production processes, and finished products can be inspected. In terms of company qualifications , the company has successively obtained CCC certification, ISO 9001 quality management system certification, ISO 14001 environmental management system certification, and OHSAS 18000 occupational health and safety management system certification. Yongsheng Cable can produce a full range of supporting specialized cables, crosslinked polyethylene (XLPE) cables, steel-cored aluminum stranded wires, various wires and cables rated 0.6/1kV and below, and various flat copper wires. The company's main products include: aluminum stranded wires and steel-cored aluminum stranded wires, 1-10kV aerial insulated conductors, PVC and XLPE insulated power cables, control cables, pre-branched cables, computer cables, and fire-resistant cables. Customized wires and cables with special types and specifications such as flame-retardant, fire-resistant, water-blocking, rodent-proof and termite-proof, and low-smoke halogen-free can also be produced upon request. In the future, Yongsheng Cable will continue to focus on technological innovation, optimize its product structure, expand market boundaries, and balance green development with safe production. With higher-quality cable products and more comprehensive services, the company will empower infrastructure upgrades, light up countless homes, and strive to become an innovative leader and reliable service provider in the wire and cable industry of Northwest China. May 14-15, 2026, Suzhou International Conference Hotel, Jiangsu . We welcome friends from all sectors to attend the conference in person and visit the booth of Dongwu Futures Co., Ltd. (E06) to experience up close the technical strength and product appeal of this established futures company, explore new cooperation opportunities, and open a new chapter for the industry together. SMM WCCE 2026 (4th) Wire & Cable Industry Development Conference and Industrial Exhibition May 14-15 Suzhou International Conference Hotel, Jiangsu Participating Enterprises: Qifan Cable, Kunyi Cable, Senyuan Cable, Sanwu Cable, Huili Cable, Wanma Co., Ltd., Xinhai Gaodao, Chenfeng Yongliang, Xinhuang Group, Dongwu Futures, Guojia Conductor, Hongxing Meike, Dongfeng Cable, Qijia Industrial, Beijing Shougang Ferroalloy, Xinhongye, Yingtan Chaolong, Meichuangli, Jiuli Electric, Xinzi Nengke, Xindongang Electric, Hangtian Electric, Guochu Logistics, Jielüda, Jinhuijia, Xindian Aluminum Alloy, Gangwei Ultrasonic, Jinrui Qianyuan... Click to View ☛ |

On April 17, Ye Jianhua, Director and Supervisor of the Industry Research Department of SMM Information & Technology Co., Ltd. (SMM), Feng Chundi, Expert of the Industry Research Department of SMM, and Wu Tao, Overseas Marketing Manager of SMM's Copper and Tin Division, visited Shituru Mining Corporation S.A.S. (SMCO) for an on-site survey and exchange. SMCO's relevant management extended a warm reception. During the exchange, the two sides engaged in in-depth discussions on practical operational issues including copper-cobalt mine production and operations outside China, process technology optimization, stable capacity release, and responses to raw material and finished product market fluctuations. Meanwhile, both parties conducted thorough exchanges on topics such as overseas mining project operation and management, production risk prevention and control, market trend analysis, industrial synergistic development, and new energy metal market opportunities. This on-site exchange effectively enhanced both parties' understanding of the current industry landscape and overseas mine operations, laying a solid foundation for continued industry exchanges and deepened industrial collaboration going forward. Introduction to Shituru Mining Corporation S.A.S. Shituru Mining Corporation S.A.S. (SMCO) is located in Likasi, a major mining hub in the Haut-Katanga Province of the DRC. It is a large-scale, modern overseas mining enterprise controlled by Pengxin Global Resources Co., Ltd. (stock code: 600490.SH), a publicly listed firm on China's A-share market. Since commencing production in 2012, SMCO has established and refined a comprehensive industry chain integrating copper and cobalt ore mining, mineral processing, and hydrometallurgy, leveraging the world-class Shituru copper mine resources. The company has adopted the internationally advanced "Leaching-Solvent Extraction-Electrodeposition" (SX-EW) process and operates fully automated production lines covering the entire process of ore crushing, grinding, classification, leaching, solvent extraction, and electrodeposition, with a capacity of tens of thousands of metric tons of high-grade copper and cobalt products annually. Its core products include high-purity copper cathode meeting the London Metal Exchange (LME) Grade A delivery standards, as well as cobalt hydroxide product lines that have been constructed and put into production in recent years in response to the expanding demand from the new energy market. As a commercially operated mining entity of significant scale, SMCO strictly adheres to industry technical standards in its production. The metal raw materials it produces are widely supplied to the global market and serve as indispensable upstream materials in modern industrial chains including NEV power batteries, consumer electronics, power cables, construction piping, and high-end equipment manufacturing. Scheduled to be held on September 15–16, 2026 in Lusaka, Zambia. You are cordially invited to participate! Conference Contact : Wu Tao: 18270916376 jennywu@smm.cn