Procurement Preview: 11,000KW Core Extraction Repair Project for the Main Motor of the Hot Rolling Finishing Mill at the Stainless Steel Branch of JISCO Group The Stainless Steel Branch of JISCO Group is issuing a procurement preview for the 11,000KW core extraction repair project for the main motor of the hot rolling finishing mill. Qualified suppliers are invited to participate in the registration. Details are as follows: I. Project Overview Project Name: Procurement Preview: 11,000KW Core Extraction Repair Project for the Main Motor of the Hot Rolling Finishing Mill at the Stainless Steel Branch of JISCO Group Procuring Entity: Stainless Steel Branch Delivery Location: Main Motor Room of the Hot Rolling Finishing Mill Area, Stainless Steel Branch Estimated Start Date of Supply/Construction: June 30, 2025 Estimated Completion Date of Supply/Construction: December 31, 2025 Procurement Content: Click to view the content II. Registration Qualification Requirements 1. The applicant must be an independent legal entity within the territory of the People's Republic of China. 2. The applicant must not be listed as a dishonest person subject to enforcement by the Supreme People's Court on the "Credit China" website or any credit information sharing platform at any level. 3. The applicant must provide proof of at least one project involving the repair of a motor with a capacity exceeding 8,000kW through core extraction, as well as proof of at least one project involving the welding of damping copper bars for the rotor of a cylindrical synchronous motor with a capacity exceeding 5,000kW. 4. This procurement is open to producers. III. Registration Method Suppliers must respond to this preview within the specified time frame by logging into the electronic tender and bid system ( https://eps.jiugangbid.com/ ). Unregistered suppliers must complete the registration process first, then click "I Want to Register" for the corresponding procurement preview and fill in the relevant information. IV. Registration Deadline 08:37 AM, May 14, 2025 V. Communication and Feedback 1. If applicants have any questions about this preview, they may inquire with the procurement contact person. Contact Person: Yu Suozai, Contact Number: 18219798751. 2. This project requires applicants to engage in technical exchanges with the procurer and sign a technical agreement. VI. Inquiries and Complaints For any inquiries or complaints regarding the procurement activities, please send the information to the email address of the Transaction Supervision Office of the JISCO Group Trading Center (jyjds@jiugang.com), or contact at 0937-6713939. Relevant Attachments 1. Tender Preview: Core Extraction Repair for the Main Motor of the Hot Rolling Finishing Mill (11,000kW).docx Download Stainless Steel Branch May 9, 2025 Click to view tender details: 》Procurement Preview: 11,000KW Core Extraction Repair Project for the Main Motor of the Hot Rolling Finishing Mill at the Stainless Steel Branch of JISCO Group

The "trade-in" policy continues to drive momentum, with the most-traded SHFE tin contract fluctuating at highs after a slight opening higher in the night session. [SMM Tin Morning News] Macro: (1) Xiaomi's strategic new product launch event is scheduled for May 22, where it will unveil the "Xuanjie O1," which adopts the second-generation 3nm process technology. (Bullish ★) (2) Jensen Huang: NVIDIA will launch its next-generation GB300 AI system in Q3. It will build an AI supercomputer in Taiwan, China, and NVIDIA's DGX Spark has already entered full production. (Bullish ★) (3) With the continuous driving momentum of the "trade-in" policy, coupled with automakers' new product launches and increased self-funded sales promotions, the consumer vitality in the automotive market has significantly improved. (Bullish ★) (4) US Fed - Bostic: The number of interest rate cuts this year will depend on how things unfold, and the details of tariffs will be crucial. He leans towards only one interest rate cut this year, as it takes time to understand the impact of tariffs. Williams: Policy is somewhat restrictive and in good shape. Recent economic data has been very positive, and the key word for the economy is uncertainty. Vice Chair Jefferson: The US Fed's policy is in a very good state. We are facing risks on both sides of our dual mandate.

On June 10, the Xiamen Municipal Development and Reform Commission issued a request for comments on the "Action Plan for the High-Quality Development of Xiamen's Hydrogen Energy Industry (2025-2027) (Draft for Public Comments)". The document states that in terms of technological innovation, efforts will be made to establish one national-level innovation platform. Leveraging scientific research strengths in catalysts, membrane electrodes, hydrogen storage materials, and other resources as sources of innovation, the focus will be on driving breakthroughs in core technologies for complete sets of electrolysis-based hydrogen production equipment, solid-state hydrogen storage materials and equipment, complete sets of hydrogen fuel cell equipment, hydrogen-powered vehicles, hydrogen backup power supplies, as well as corresponding key materials, parts, and system integration. This will result in a batch of technological achievements with independent intellectual property rights, maintaining international leadership in core technologies. In terms of industrial cultivation, active efforts will be made to attract and cultivate a group of leading enterprises with core competitiveness and related supporting enterprises, enhancing the rootedness and competitiveness of the industry chain. Hydrogen energy industrial parks will be planned and constructed in qualified areas such as the airport economic zone to promote the integrated development of the hydrogen energy industry's "production, storage, transportation, refueling, and utilization", achieving localized production of key technological equipment and parts and encouraging exports. By 2027, the output value of the hydrogen energy industry is expected to exceed 10 billion yuan. In terms of demonstration applications, innovative management mechanisms for hydrogen energy infrastructure will be established, and scenario innovations will be carried out to promote the large-scale and commercialized promotion and application of hydrogen energy. Led by applications in the transportation sector, by 2027, the scale of fuel cell vehicles in the city is expected to exceed 300 units, and a supporting infrastructure system for hydrogen energy will be initially established. Explorations will be made into the application of hydrogen energy in marine fuels, backup power supplies, off-grid ultra-fast charging, and other areas, forming a demonstration application chain for the hydrogen energy industry with local characteristics. The key tasks are as follows: To establish a source of technological innovation for the hydrogen energy industry. Strengthen the research and development of key core technologies, plan and construct innovation support platforms for the hydrogen energy industry, and improve the construction of hydrogen energy standards systems. To build an advanced manufacturing base for the hydrogen energy industry. Attract and cultivate leading enterprises in the hydrogen energy sector and plan hydrogen energy industrial parks. To orderly develop demonstration application scenarios for hydrogen energy. Gradually promote demonstration applications in the transportation sector and focus on expanding demonstration applications in multiple fields. To comprehensively optimize the development environment for the hydrogen energy industry. Coordinate the planning and construction of hydrogen energy infrastructure, establish a multi-channel hydrogen supply system, construct a mechanism for realizing the green value of hydrogen energy, and actively carry out international cooperation in the hydrogen energy field. The policies are as follows: The Xiamen Municipal Development and Reform Commission is requesting comments on the "Action Plan for the High-Quality Development of Xiamen's Hydrogen Energy Industry (2025-2027) (Draft for Public Comments)". To seize new opportunities in the development of the hydrogen energy industry, build a new growth engine for the new energy industry, and achieve a green and low-carbon transformation of energy, the "Action Plan for the High-Quality Development of Xiamen's Hydrogen Energy Industry (2025-2027) (Draft for Public Comments)" is now being opened to the public for comments. The public consultation period is from June 10, 2025 to June 20, 2025. You may contact us through the following methods: Tel: 0592-2893334. Email: fggjc@xm.gov.cn Attachments: 1. Xiamen High-Quality Development Action Plan for Hydrogen Energy Industry (2025-2027) (Draft for Public Comments).docx 2. Explanatory Notes on the Drafting.docx Xiamen Municipal Development and Reform Commission June 10, 2025

The Ministry of Natural Resources recently issued the "Notice on Issuing the Total Control Targets for Tungsten Mining in 2025 (First Batch)" (hereinafter referred to as the "Notice"), clarifying relevant matters for the first batch of total control targets for tungsten mining this year, in order to protect and rationally develop advantageous mineral resources. In 2025, the total control target for the first batch of tungsten mining (with 65% tungsten trioxide content, the same hereinafter) is 58,000 mt, allocated to 11 provinces (regions) including Inner Mongolia, Fujian, Jiangxi, Henan, Hunan, and Guangdong. The top three in terms of allocation are Jiangxi province (21,300 mt), Hunan province (15,530 mt), and Henan province (7,050 mt). Compared to the first batch of targets in 2024, the total control target for the first batch of tungsten mining this year decreased by 4,000 mt. The "Notice" stated that the total control targets for tungsten mining will no longer distinguish between primary mining targets and comprehensive utilisation targets. For mines with other primary minerals and associated tungsten ore registered in the mining license, if the identified tungsten resources are large or medium-sized, the total control targets will continue to be issued, with a bias in allocation. For mines with small associated tungsten resources, no total control targets will be issued, and the mine enterprises shall report the tungsten production to the provincial natural resources authorities where they are located. Original text: Notice of the Ministry of Natural Resources on Issuing the Total Control Targets for Tungsten Mining in 2025 (First Batch) To the natural resources authorities of Inner Mongolia Autonomous Region, Heilongjiang Province, Zhejiang Province, Anhui Province, Fujian Province, Jiangxi Province, Henan Province, Hubei Province, Hunan Province, Guangdong Province, Guangxi Zhuang Autonomous Region, Yunnan Province, Shaanxi Province, Gansu Province, and Xinjiang Uygur Autonomous Region: In order to protect and rationally develop advantageous mineral resources, in accordance with the relevant regulations on the management of specific minerals for protective mining, the relevant matters for the first batch of total control targets for tungsten mining in 2025 are hereby notified as follows. 1. The total control target for the first batch of tungsten mining in 2025 (with 65% tungsten trioxide content, the same hereinafter) is 58,000 mt. The specific allocation is detailed in the attachment. 2. The total control targets for tungsten mining will no longer distinguish between primary mining targets and comprehensive utilisation targets. For mines with other primary minerals and associated tungsten ore registered in the mining license, if the identified tungsten resources are large or medium-sized, the total control targets will continue to be issued, with a bias in allocation. For mines with small associated tungsten resources, no total control targets will be issued, and the mine enterprises shall report the tungsten production to the provincial natural resources authorities where they are located. 3. The total control targets for tungsten mining shall be allocated by the provincial natural resources authorities to the mine enterprises. The provincial natural resources authorities shall establish a mechanism for target allocation and dynamic adjustment, strengthen the management of the targets in their provinces and autonomous regions based on the actual production of the mine enterprises, and make the target usage more aligned with the actual mining situation. No targets shall be allocated to mine enterprises with expired tungsten exploration rights and mining licenses; no targets shall be allocated to mines with valid mining licenses but in a state of suspension, and targets shall be issued upon resumption of production. 4. The provincial natural resources authorities shall organize the municipal and county-level natural resources authorities where the mines are located to sign the responsibility agreement for the implementation of the total mining targets with the mine enterprises, clarifying the rights, obligations, and liabilities for breach of contract, and strictly prohibit production exceeding or without targets. A certain proportion of spot checks shall be conducted on the implementation of the targets and the comprehensive utilisation of associated minerals, and behaviors such as concealing or omitting production shall be corrected. 5. The provincial natural resources authorities shall complete the decomposition and issuance of the total control targets for tungsten mining within 10 working days from the issuance of this notice, and report the decomposition to the Department of Mining Rights Management of the Ministry by April 30, 2025. 6. The provincial natural resources authorities shall accurately count the actual production of the mine enterprises (including small associated tungsten mines without issued targets), and report the production situation of the first five months to the Department of Mining Rights Management of the Ministry by June 20, 2025. Ministry of Natural Resources April 3, 2025 Attachment: Total Control Targets for Tungsten Mining in 2025 (First Batch).docx Click to view the link details: Notice of the Ministry of Natural Resources on Issuing the Total Control Targets for Tungsten Mining in 2025 (First Batch)

Overnight, LME copper opened at $9,500.5/mt. After fluctuating higher in early trading, it pulled back and touched a low of $9,495/mt.