Rare earth permanent magnet concept stocks have been repeatedly active. As of Friday's close, BGRIMM Technology, which focuses on the R&D, production, sales, and services of mining and metallurgical equipment as well as magnetic materials, achieved five consecutive daily limit-ups. Huayang New Materials, whose subsidiary's business scope includes the recycling and utilization of high-magnetic rare earth materials, recorded three consecutive daily limit-ups. On the news front, the Ministry of Commerce stated that it reviews export license applications for rare earth-related items in accordance with laws and regulations, has approved a certain number of compliant applications, and will continue to strengthen the approval process for compliant applications. Ma Yan, an analyst at Caida Securities, pointed out in a research report on April 1 that assuming shipments of humanoid robots reach 890,000 units by 2030, the demand for rare earth permanent magnet materials in the humanoid robot sector is projected to reach 3,115 mt. The explosive growth in the market size of humanoid robots is expected to bring broad incremental space to the rare earth permanent magnet industry . Li Chao and Wang Qinyang, analysts at Guojin Securities, pointed out in a research report on February 20 that rare earth permanent magnets, as excellent magnets that currently balance performance and cost, are the top choice for magnetic components in humanoid robots and magnetic materials for low-altitude aircraft , and the dividends from industry chain integration are expected to gradually materialize. Emphasis should be placed on the layout opportunities brought about by "supply-side reform," integration, and the catalyzing effect of humanoid robots. Choice data shows that rare earth permanent magnet concept stocks that received institutional surveys in the past two months (April 14 - June 14) include Sinomine Resource Group, Shenghe Resources, JL MAG Rare-Earth, Xiamen Tungsten, Yahua Group, Zhenghai Magnetic Material, DMEGC, Lizhong Group, Zhongju Hi-Tech, Zhong Ke San Huan, Longi Magnet, China Northern Rare Earth, Xinlaifu, China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd., Goldwind Science&Technology, Instyle, GEM, Wuchan Zhongda Group, NCS Testing Technology Co., Ltd., Jintian Copper, Yian Technology, Advanced Powder Materials, and Sinosteel NMC . The specific situations are as follows: Among the above-mentioned rare earth permanent magnet concept stocks that received institutional surveys, publicly listed firms that have clearly responded regarding their "rare earth permanent magnet" related business situations mainly include Shenghe Resources, JL MAG Rare-Earth, Xiamen Tungsten, Zhenghai Magnetic Material, Zhong Ke San Huan, Longi Magnet, China Northern Rare Earth, Instyle, GEM, and Jintian Copper . Shenghe Resources disclosed an investor relations activity record on June 10, stating that the company maintains a close and good market cooperation relationship with major domestic rare earth concentrate suppliers . In addition, the company has signed long-term supply agreements for rare earth concentrates with Sichuan Hedi Mining, US MP Materials, Peak Rare Earths, and others, establishing a diversified supply channel for rare earth concentrates and providing sufficient raw material guarantees for the company's downstream businesses such as rare earth smelting and separation. Additionally, the imports of ore from Myanmar have been significantly influenced by the local situation, exhibiting fluctuating characteristics. The company will continue to closely monitor the situation of ore from Myanmar. During a survey conducted by institutions on June 13, JL MAG Rare-Earth stated that after the implementation of export control measures on medium-heavy rare earth-related items, the company had initiated export declaration work in accordance with relevant national regulations. It had also successively obtained export licenses issued by national authorities. The export regions include the US, Europe, and Southeast Asia, among others. The company exports magnetic materials, components, and motor rotors in compliance with laws and regulations. The company has established production facilities in Ganzhou, Jiangxi, a major production area for heavy rare earths, and in Baotou, Inner Mongolia, a major production area for light rare earths. The company has established long-term strategic cooperative relationships with major suppliers of rare earth raw materials, including China Northern Rare Earth Group and China Rare Earth Group. In 2024, the procurement amount from these two groups accounted for 63% of the company's total annual procurement. On May 21, Xiamen Tungsten disclosed the record of investor relations activities, indicating that since the second half of 2024, rare earth prices have generally shown a steady upward trend. If this trend continues, the price center of rare earths will gradually rise, and the fluctuation range will narrow compared to the past. In terms of magnetic material capacity layout, Jinlong Rare Earth has achieved an annual production capacity of 12,000 mt at its Changting base and is currently planning new capacity projects at its Changting and Baotou bases. Upon full commissioning of these two projects, Jinlong Rare Earth's magnetic material capacity will reach 22,000 mt. At the performance briefing on May 15, Zhenghai Magnetic Material, when answering the question "What rare earth permanent magnet projects are currently under construction?", stated that the construction of the third phase of 6,000 mt capacity at the company's Nantong base will adjust the investment pace and method in a timely manner based on changes in the external economic environment. The company's sales of high-performance NdFeB permanent magnet materials have achieved seven consecutive years of growth. During a survey conducted by institutions on May 23, Zhong Ke San Huan stated that the current export control measures on medium-heavy rare earth-related items mainly involve the company's NdFeB permanent magnet material products containing dysprosium and terbium. Exporting these products requires declaration and approval before they can be exported. The company has proactively taken measures to initiate export declarations in accordance with relevant regulations at the earliest opportunity, and has already obtained export licenses for a small number of orders. The company's main products are NdFeB permanent magnet materials, which are currently widely used in automobiles (including NEVs), consumer electronics, industrial robots, computers, energy-efficient home appliances, wind power, industrial motors, and other fields. Longi Magnet disclosed the record of investor relations activities on May 27, stating that building a capacity of 60,000 mt for permanent ferrite magnetic tiles has always been a medium and long-term goal . The company will make more optimizations in capacity layout integration, existing capacity utilization, and efficiency improvement, striving to increase capacity through low-cost expansion methods and controlling the pace of capacity release based on downstream demand. The technological transformation and upgrading work at the production sites in Lujiang, Jinzhai, and Vietnam have all shown initial results, and the expected capacity this year will reach 50,000 mt. China Northern Rare Earth stated during an institutional survey on May 21 that the company holds an optimistic view on the future price trend of rare earths . Currently, the upstream supply of rare earths is showing a steady growth trend, thanks to the country's scientific planning and rational development of rare earth resources, as well as the continuous progress in rare earth mining technology. Although the release speed of downstream consumer demand has not met expectations to a certain extent, the fluctuation range of mainstream product prices has significantly narrowed, indicating that the supply-demand relationship is gradually moving towards balance. This balance not only helps stabilize market expectations but also provides a solid foundation for the healthy development of the rare earth industry. On the demand side, the continuous growth in demand for rare earth products in fields such as new energy and high-tech has become a strong driving force for the development of the rare earth industry. During an institutional survey on June 12, Instyle stated that the company's products are mainly delivered through domestic bonded zones and domestic sales channels, and do not involve direct exports to the United States. Export control measures affect businesses involving products containing medium-heavy rare earths dysprosium and terbium, and the company has been handling relevant procedures in compliance with national laws, regulations, and customer order requirements . The company's core competitive advantages mainly lie in its advantages in magnetic circuit design and production manufacturing processes, its advantages in high-quality customer resources, and its advantages in having the origin of rare earths and lower electricity costs in Baotou. GEM stated at the earnings presentation on May 6 that the company has currently conducted technological reserves in the recycling of permanent magnetic materials in the dismantling and recycling field and has reserved the wet process for recycling and synthesizing rare earth oxides. The company has been continuously monitoring the market for rare earth permanent magnets and actively developing the recycling and utilization of rare and scattered metals such as germanium, gallium, indium, and rare earths, as well as expanding the recycling of energy metals like nickel, cobalt, and lithium. Jintian Stock disclosed the record of investor relations activities on May 23, stating that the company has been engaged in the magnetic materials business since 2001. Currently, the company has two magnetic material production sites in Ningbo and Baotou . The first phase of the Baotou site has been put into operation, and the company's annual capacity for rare earth permanent magnets has increased by 4,000 mt on the original basis. The company's rare earth permanent magnet products are widely used in multiple high-end fields, including NEVs, wind power generation, high-efficiency energy-saving motors, robots, consumer electronics, and medical devices.

》Check SMM aluminum product quotes, data, and market analysis 》Subscribe to view historical spot prices of SMM metals SMM News on May 22: Domestic Bauxite Market: This week, the domestic bauxite market remained relatively calm, with stable operations prevailing. As of today, in Shanxi, the transaction price for bauxite with an Al/Si ratio of 5.0 and 60% alumina content, excluding VAT, for self pick-up at the crushing plant, was approximately 580-620 yuan/mt. In Henan, the transaction price for bauxite with the same Al/Si ratio and alumina content, excluding VAT, for self pick-up at the crushing plant, was around 550-590 yuan/mt. In Guizhou, the transaction price for bauxite with an Al/Si ratio of 5.5 and 58% alumina content, excluding VAT, for self pick-up at the crushing plant, was 410-450 yuan/mt. In Guangxi, the transaction price for bauxite with an Al/Si ratio of 6.0 and 53% alumina content, excluding VAT, for self pick-up at the crushing plant, was 320-335 yuan/mt. Imported Bauxite Market: According to data from May 16, the total weekly bauxite arrivals at domestic ports were 3.7844 million mt, a decrease of 440,300 mt from the previous week. The total weekly bauxite port departures from main ports in Guinea were 3.5938 million mt, a decrease of 35,400 mt from the previous week. The total weekly bauxite port departures from main ports in Australia were 971,900 mt, an increase of 119,000 mt from the previous week. Price Trends: Recently, the Guinea bauxite market has experienced significant fluctuations. Unexpected events have impacted the supply outlook for bauxite, causing bauxite prices to stop falling and begin to rebound. The specific timeline is as follows: On May 14 (Guinea time), the Guinean authorities ordered the revocation of industrial and semi-industrial mining licenses for over 40 mining companies, including "Axis Minérales." On May 16 (Beijing time), it was learned that the mining rights involved some projects that were actively mining and exporting bauxite. Relevant projects received notices to suspend production, involving significant capacity, which raised market concerns about the supply of bauxite raw materials. On May 17 (Guinea time), the Guinean Minister of Mines and Geology issued an order revoking licenses for over 100 additional mining companies, but this did not significantly impact other active bauxite enterprises. On May 19 (Beijing time), some companies that received suspension notices declared force majeure to shipping companies. On the evening of May 20 (Guinea time), in an order read on Guinean national television, the transitional authorities decided to classify several mining concessions as strategic reserve zones, including concessions, industrial and semi-industrial mining licenses, as well as exploration licenses for bauxite, iron, gold, diamonds, and graphite. "In accordance with the provisions of Decree No. D/2025-065/PRG-CNRD-SGG dated May 9, 2025, Decree No. D/2025-066/PRG-CNRD-SGG dated May 9, 2025, and Article 2 of Decree No. D/2025-067/PRG-CNRD-SGG dated May 14, 2025, the industrial and semi-industrial mining concessions and licenses for bauxite, iron, gold, diamonds, and graphite are revoked. In accordance with Article 5 of the Mining Code, the relevant concessions and licenses are now placed in strategic reserve zones."The decree states that the exploration licenses for bauxite, iron, gold, diamonds, base metals, gemstones, black sand, and manganese, which were revoked under Order A/2025-480/MMG-SGG dated May 16, 2025, are also classified as strategic reserve areas under Article 5 of the Mining Law. This incident has sparked market concerns over the supply of bauxite raw materials, with low-priced offers disappearing from the market and a small number of offers hovering around $75/mt. On Thursday, it was inquired that the transaction price of Guinea bauxite had risen to around $74/mt, driving up the SMM imported bauxite prices in succession. As of Thursday this week, the SMM imported bauxite index was reported at $72.14/mt, up $1.73/mt from last Thursday; the Guinea bauxite price was reported at $72/mt, up $72/mt from last Thursday. SMM Commentary: Due to the impact of the Guinea bauxite incident, Guinea bauxite prices have stopped falling and rebounded. In the short term, sellers are holding firm on their quotes, and prices are expected to maintain a slight upward trend. Continuous attention should be paid to the development of the Guinea incident for subsequent price changes. 》Click to view the SMM Aluminum Industry Chain Database

Countdown: 7 days left! The 2025 SMM (3rd) Wire and Cable Industry Development Conference is just around the corner! Conference Name : 2025 SMM (3rd) Wire and Cable Industry Development Conference Date : May 22-23 Venue : DoubleTree by Hilton Suzhou Wuzhong The conference is packed with details! Every session and process has been meticulously designed to ensure efficiency and order. Here are the specifics: ►Delegate Badges Red, blue, green... What do the different colors of the delegate badges represent? Confused? This year's conference badges can be distinguished by color, and the delegate's identity information will be printed and attached to the badge! If you're looking for suppliers — look for people with blue lanyards! If you're looking for buyers — look for people with green lanyards! Have difficulties? Have needs ? — look for people with yellow lanyards! We won't let you miss any business opportunities! ►Conference Program Cover: 1. Display of conference information 2. Display of logos of organizers, co-organizers, sponsors, supporters, etc. Back Cover: 1. QR code for the conference mini-program 2. "SMM APP" What does the conference program include? ►Meal Vouchers Note: If you have additional meal requirements, please consult the hotel directly. ►Networking Supply and Demand Wall ● Display of companies' external supply and demand information ● Efficient appointments, communication, and networking ● Self-service supply and demand information display area (Note: The conference venue will be open to delegates 30 minutes before the conference starts. Please arrive on time.) Venue Hotel: DoubleTree by Hilton Suzhou Wuzhong Hotel Address: Building 4, No. 99 Junyi Road, Wuzhong District Hotel Phone: +86-512-66580000 Part.0 1 Reservation Method: Phone Reservation Phone Reservation: Irene 15950017060 2 Please mention that you are making a reservation for the "2025 SMM (3rd) Wire and Cable Industry Development Conference". 1. As the event is approaching, orders cannot be canceled after booking completionZ62/>2. The hotel has a limited number of rooms of each type, available on a first-come, first-served basis. 3. The hotel only guarantees accommodation for delegates during the conference period as per the reservation. For any extension requests beyond the booking period in this form, please contact the hotel directly. 4. The room rates listed below are the lowest prices we have negotiated, but we cannot guarantee they match the hotel's seasonal special rates offered to the general public. Part.0 3 Notes Conference Venue Hotel: DoubleTree by Hilton Suzhou Wuzhong Hotel Address: Building 4, No. 99 Junyi Road, Wuzhong District Hotel Phone: +86-512-6658000Z71/># Conference Hotel: Room Types & Conference Period Special Rates # Nearby Alternative Hotels Hilton Garden Inn Suzhou Wuzhong (Located 20 meters from the conference hotel, approximately 1-minute walk) # Recommended Nearby Hotels Since you're in Suzhou for the conference, why not explore the city's charm as the "Oriental Venice"? Experience the classic Jiangnan ambiance of this water town! 0 1 Suzhou Classical Gardens Includes the Humble Administrator's Garden, Lingering Garden, and Tiger Hill Scenic Area three iconic gardens. Features: The Humble Administrator's Garden ranks first among China's four famous gardens, the Lingering Garden is renowned for its lake stones, and Tiger Hill earns the title "No.1 Hill in Wu" (iconic landmarks: Leaning Tower and Sword Pool). Highlights: ✅ Waterscape Masterpiece: Water occupies one-third of the garden, with pavilions and towers built around it, creating a "changing scenery with every step" effect. ✅ Four Seasons Scenery: Enjoy azaleas in spring, lotuses in summer, chrysanthemums in autumn, and snow views in winter. ✅ Architectural Gems: Don't miss the Fragrance Far Hall (main hall), 36 Mandarin Ducks Pavilion (exquisite murals), and Small Flying Rainbow (sole corridor bridge). 1️⃣ Best Visit Period: March-May (spring flower exhibitions) or September-November (autumn foliage), avoiding peak summer crowds. 2️⃣ Recommended Duration: 2-3 hours (half-day for in-depth exploration). 3️⃣ Combined Itinerary: Suzhou Museum (designed by Ieoh Ming Pei), Lion Grove Garden, Pingjiang Road Historic DistrictZ95/>Location: 202 Northeast Street, Gusu District (Humble Administrator's Garden); 8 Tiger Hill Gate (Tiger Hill); 338 Liuyuan Road (Lingering Garden). 0 2 Zhouzhuang Water Town China's "No.1 Water Town" famous for its Ming-Qing architecture (e.g., Twin Bridges, Shen Hall) and nighttime light shows. Opening Hours: 08:00-17:00. Separate tickets required for night tours. Must-Visit Attractions 1️⃣ Double Bridges (Key Bridges) : Comprising Shide Bridge and Yong'an Bridge, they inspired Chen Yifei's oil painting *Memory of Hometown*. The reflections at dusk are picturesque. Photography Tips : Use a wide-angle lens to capture the symmetrical composition of the bridge arches and flowing water. 2️⃣ Shen Hall : The residence of the descendants of Shen Wansan, a wealthy merchant in the Jiangnan region. It features a seven-courtyard, five-gatehouse layout. Must-sees include the Songmao Hall's wood carvings and the story of "Wansan's Trotter." 3️⃣ Fu'an Bridge : The oldest bridge in Zhouzhuang, it combines bridge and pavilion architecture. Legend has it that walking across it three times brings success in one's career (Zhu Rongji visited it three times). 4️⃣ Zhang Hall : An official residence from the Ming Dynasty, it boasts a unique design where "sedan chairs enter through the front door and boats pass through the house." The back garden features a serene bamboo grove. 5️⃣ Night Tour of Zhouzhuang : Eight Night Tour Products: Night Show (Kunqu Opera), Night Banquet (Wansan Family Feast), Night Meditation (Blessings at Quanfu Temple). Light Show: On weekends, the neon lights of the twin pagodas and the ancient temple create a scene reminiscent of *Spirited Away*. Location: No. 43 Quanfu Road, Zhouzhuang Town, Kunshan City 0 3 Tongli Ancient Town Scenic Area Admission Fees ● Daytime Combo Ticket: 100 yuan (includes 8 major attractions such as Tuisi Garden, Pearl Tower, and Chongben Hall). Night Tour Ticket: 50 yuan. ● Free Admission Policy: Children aged 6 or under (inclusive) or those under 1.4 meters tall (with valid ID). ● Opening Hours: April-October (7:30-17:30); November-March (7:30-17:15). Recommended Must-Visit Attractions 1. Tuisi Garden: A UNESCO World Heritage Site and a representative work of late Qing Dynasty gardens, renowned for its "water-hugging" design. The nighttime light show is particularly stunning. 2. Three Bridges Scenic Area (Taiping Bridge, Geely Bridge, Changqing Bridge): A landmark of Tongli, where visitors can experience the folk custom of "walking across three bridges." The nighttime lights reflected on the water create a picturesque scene. 3. Pearl Tower Scenic Garden: A garden themed around love legends, where visitors can feed fish and pray for blessings. Free drama performances are often held at the ancient stage. 4. Luoxingzhou: Take a cruise to the island in the center of the lake to experience the tranquility of the "Buddha Land amidst Water and Sky." Additional boat tickets are required (approximately 10 yuan). 5. Nanyuan Teahouse: A century-old teahouse where visitors can listen to Pingtan (a form of narrative singing) and enjoy tea and snacks, experiencing the vibrant atmosphere of the Jiangnan region. Classic One-Day Tour Route Morning: Tuisi Garden → Ancient Style Garden → Pearl Pagoda → Three Bridges → Chongben Hall → Jiayin Hall; Afternoon: Shopping on Ming and Qing Streets → Taking a cruise to Luoxingzhou Island → Night tour of Tuisi Garden or Three Bridges. Location: No. 1 Zhongchuan South Road, Wujiang District 0 4 Jinji Lake Scenic Area Jinji Lake Scenic Area , the only national AAAAA-level tourist attraction in China with the unique characteristic of business tourism, and a concentrated display area of the "National Business Tourism Demonstration Zone". Covering a total area of 11.5 square kilometers (including a water area of 7.4 square kilometers), the scenic area is designed according to the urban business tourism functional layout of "the park is the scenic area, and business is tourism". Centered on Jinji Lake, with an investment of 8.953 billion yuan, five functional zones have been meticulously created: the Cultural Exhibition Zone, the Fashion Shopping Zone, the Leisure and Gourmet Zone, the Urban Sightseeing Zone, and the Central Water Scenic Zone. Ten major landscapes offer a splendid sensory journey, and six business tourism experiences provide high-end and fashionable appreciation, offering a wealth of customized tourism products for business people, tourists, and local residents. Recommended Route: Wind Garden → Jinji Post 02 → Lakeside Avenue → Oriental Gate → Jinji Post 01 → Wanghu Pavilion Pier (Jinji Lake Cruise) → Jinji Lake Musical Fountain. Transportation Tips: Take Metro Line 6 to Exit 3 of Ligongdi Station and walk to Wind Garden. The subsequent attractions can all be reached on foot. Location: Suzhou Industrial Park 0 5 Suzhou Wuzhong Taihu Lake Tourist Area Taihu Lake is one of the five largest freshwater lakes in China, surrounded by beautiful scenery and abundant tourism resources. Recommended Attractions 1. Suzhou Wuzhong Taihu Lake Tourist Area: A national 5A-level tourist attraction, comprising Dongshan Scenic Area, Qionglong Mountain Scenic Area, Wangshan Scenic Area, and Taihu Lakeside National Wetland Park, among others. Dongshan Scenic Area is a peninsula extending into Taihu Lake, featuring attractions such as the Carved Building and Luxiang Ancient Village. Qionglong Mountain is the premier mountain in Suzhou and the birthplace of "The Art of War". Wangshan Scenic Area showcases a pastoral dreamscape. Taihu Lakeside National Wetland Park boasts eight scenic spots, including "Exploring the Secrets of the Trestle Bridge" and "Reed Maze". 2. Suzhou Taihu Lake National Wetland Park: Located in the western part of Suzhou city, bordering Taihu Lake to the west. It houses the Giant Panda Science Education Center, where giant pandas Xinyue and Zhuyun reside, as well as the Wetland Science Education Center · Botanical Garden, Water Forest, Aquarius Camping Area, and more. Visitors can take boat tours to enjoy the beautiful scenery on both sides of the lake. 3. Yuantouzhu in Wuxi: A peninsula on the northwest shore of Taihu Lake, featuring attractions such as Chongshan Hidden Beauty, Luding Welcome to the Dawn, and Yuantou Spring Waves. During the spring cherry blossom season, the cherry blossoms bloom like clouds and rosy mists, complementing the scenic beauty of Taihu Lake's landscape, creating a breathtaking sight. 4. Nianhua Bay: This is a resort town rich in Zen culture, blending the architectural characteristics of the Jiangnan water towns with elements of Zen culture. The nighttime light shows and Zen-themed performances are particularly distinctive. Location: Huantaihu Road, Wuzhong District 0 6 Shajiabang-Yushan Shanghu Tourist Area Yushan is both a scenic area and a national forest park. The entire mountain is covered with dense foliage, lush and verdant, filled with the chirping of birds, creating an enchanting scene. It is also steeped in historical allusions, such as the story of Zhong Yong (Yuzhong), the second son of King Tai of Zhou at the end of the Shang Dynasty, who, along with his elder brother Taibo, yielded the throne and moved south, eventually being buried here after his death. Shanghu, on the other hand, is an urban wetland park, renowned for being the place where Jiang Shang (Jiang Ziya) lived in seclusion and fished at the end of the Shang Dynasty. The lake contains islands, and the islands are dotted with lakes, with egrets and herons soaring through the air, creating a picturesque and pleasant scenery. The scenic area hosts a variety of activities throughout the year, with the spring Peony Festival becoming one of the most influential tourism events in the Jiangnan region, attracting tens of thousands of visitors annually, making it a lively and bustling place. Among them, Yushan is divided into several major sections, including the Baoyan Scenic Area, Jianmen Scenic Area, and Yushan City Wall Scenic Area, featuring attractions such as "Fushui Qingyan" (Rock in the Clear Water), "Jianmen Qishi" (Strange Stones at Jianmen), Weimo Villa, Jiange Pavilion, Canghai Temple, Baoguo Monastery, Baoyan Temple, Laoshidong Cave, and numerous tombs of famous figures. Shanghu covers an area of over 800 hectares, with seven islands including Hexiangzhou, Diaoyuzhu, Mingqinzhou, and Taohuadao, as well as scenic spots like "Huqiao Chuanyue" (Moonlit Bridges over the Lake) and "Shanghu Yanyu" (Misty Rain over Shanghu). It also features attractions such as Taigong Island, Fushui Villa, Boat Model Museum, and Jiangnan Peony Museum. Location: Shajiabang Town, Changshu City 0 7 Jingsi Garden A newly designated 5A-level scenic area (contemporary garden), highlighted by its kilometer-long Lingbi Stone Corridor, ideal for avoiding the crowds of traditional gardens. The plant landscape within the garden seamlessly integrates with the architecture. In spring, magnolias and begonias bloom together, with kittens occasionally glimpsed amidst the greenery, resembling a real-life version of "The Wizard of Oz." It is an excellent place to escape the hustle and bustle and experience a sense of tranquility. Although Jingsi Garden is not very large, it is beautifully arranged, featuring pavilions, terraces, towers, bridges over flowing water, rockeries with strange stones, winding paths leading to secluded spots, and a long corridor. Strolling along the corridor while enjoying the beautiful scenery is truly delightful. Location: No. 919 Yunli Road, Wujiang District

GEM: Signed Strategic Cooperation Agreement with South Korea's ECOPRO to Build "Nickel Resources + New Energy Materials" Industry Chain. GEM announced that the company, together with South Korea's ECOPRO and its subsidiaries, jointly signed a strategic cooperation agreement in Pohang, South Korea on April 9, 2025. The agreement aims to jointly construct the Indonesia International Green Industrial Park and establish a core supply chain for secondary battery materials within the park, covering "nickel resources - precursor - cathode materials." The announcement also introduced the details of the partners, the main contents of the strategic cooperation agreement, its impact on the company, risk warnings, and other relevant explanations.

The circular economy brings a fresh take on handling resources. It aims to shrink waste and stretch the reuse of materials. For aluminum, this approach packs a punch because the metal can be reused forever without wearing out. Old linear ways focused on grabbing resources, crafting products, and dumping them. In contrast, the circular economy pushes to keep stuff in use as long as possible. This path fosters greener habits by cutting the need to yank raw materials from the ground and easing harm to nature.

【Solid-State Batteries Account for Billions! January Investment and Expansion in the Battery New Energy Industry Exceed 37.1 Billion Yuan】According to incomplete statistics from Battery Network, in January 2025, 21 new investment and expansion projects were initiated by enterprises in China's battery new energy industry chain, with 13 of them disclosing investment amounts, totaling 37.148 billion yuan. (Battery Network)

In the upcoming year of 2025, we anticipate that the global economy will face a series of complex and volatile challenges. With the conclusion of the US presidential election, the uncertainty surrounding global trade policies is expected to further increase, presenting new issues for international trade cooperation. In the realm of geopolitics, ongoing conflicts and tensions show no significant signs of easing, posing threats not only to global security but also significantly impacting resource allocation and industrial layout. Against this macro backdrop, industrial relocation and supply chain restructuring have become critical topics that demand our close attention. At the industrial level, the trend of protectionism in mineral resources is on the rise, directly affecting the stability of global copper concentrate TCs. With the rapid expansion of global smelting capacity, the profit margins of copper smelters are further compressed, and the challenges faced by the industry are becoming increasingly severe. In the field of secondary copper raw materials, the advancement of Environmental, Social, and Governance (ESG) standards and the "dual carbon" goals have significantly increased market attention on secondary copper. However, the "reverse invoicing" policy implemented in 2024 and the "Fair Competition Regulations" have had a profound impact on the secondary copper industry. Looking ahead to 2025, the changes in the landscape of the secondary copper industry will have a critical impact on the entire copper industry chain. Additionally, with the cancellation of tax subsidies and other incentives, the space for copper cathode trade is expected to further narrow. We anticipate that the procurement ratio of copper processing materials between traders and smelters will show a more pronounced differentiation. In this context, the "CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo," meticulously prepared by SMM, will be grandly held in Nanchang, Jiangxi, from April 22 to 25, 2025. Jiangsu Weiheng Intelligent Technology Co., Ltd. will make a grand appearance at this event. We will keep pace with the times, aim for our goals, strive diligently, and move forward with courage! Click the registration form to sign up immediately, and we look forward to meeting you at the conference. Booth Number: B10. Weiheng Intelligent, a globally leading digital energy service provider, was established in 2017. With a focus on the R&D, production, sales, and service of full-scenario energy storage hardware and software equipment, the company provides SaaS services such as Virtual Power Plant (VPP) and carbon trading. Guided by the values of "extreme innovation, extreme collaboration, and extreme service," Weiheng Intelligent offers comprehensive energy storage-based solutions for industrial, commercial, PV ESS charging stations, microgrids, and other scenarios, meeting user needs in cost reduction, profit increase, emergency backup power, dynamic capacity expansion, green energy vehicle charging, power trading, and green electricity consumption. The company has always adhered to the business layout concept of "domestic + overseas dual engines" and has delivered hundreds of megawatt-hour energy storage projects in Europe, Australia, China, Southeast Asia, the Middle East, and other regions. Its product series cover large-scale energy storage, industrial and commercial energy storage, and household energy storage scenarios, making it a trusted choice for global owners. The company is a R&D-driven enterprise with second-to-none multi-scenario energy storage product and solution R&D design capabilities. It has won the Shanghai Science and Technology Progress First Prize, the Gold Medal at the Geneva International Exhibition of Inventions, the National Specialized and Sophisticated "Little Giant" Enterprise, and the title of a global Tier 1 energy storage producer as selected by BNEF, as well as the Dun & Bradstreet 4AA1 rating. The TIANWU B 100kW/233kWh industrial and commercial energy storage integrated machine integrates a Power Conversion System (PCS), battery, Battery Management System (BMS), Energy Management System (EMS), thermal management, and fire protection functions. Core Features: All-in-One Integrated Design. The TIANWU B adopts a highly integrated design, simplifying installation and significantly reducing on-site construction time and costs. Extreme Safety, Globally Certified. The product has passed grid connection certifications in dozens of countries, including EMC, IEC 62619, EN 50549, G99, and VDE4105, and holds UL9540A and UN38.3 certifications. Intelligent Liquid Cooling Technology. The advanced liquid cooling thermal management system ensures that the temperature difference between battery cells is controlled within 2°C. Combined with CATL's original battery modules and high-precision BMS, it guarantees battery consistency and system efficiency. Multiple Fire Protection Mechanisms. Equipped with smoke and temperature detection, built-in independent detectors, and cabinet aerosol fire protection, it can quickly suppress fire hazards, ensuring system safety and stability. Pre-installed Battery Module Cabinet for Global Export. The TIANWU B cabinet comes with pre-installed battery modules, greatly shortening the delivery cycle from order to operation, making it particularly suitable for international market demands. Modular Design, Supports Expansion. The modular design supports flexible expansion and parallel operation, meeting energy storage needs of different scales, and can integrate wind, solar, diesel, and storage, adapting to various energy scenarios. Global Applicability. With IP55 protection and C5 anti-corrosion performance, it adapts to various harsh industrial and commercial environments. The product has covered markets in Europe, the Americas, Oceania, Asia, and Africa, with strong global shipping capabilities. Self-developed PANGU OS Smart Energy Management System. Paired with the self-developed PANGU OS system, it supports multi-energy complementary system monitoring and 7x24 uninterrupted management, optimizing power station operations and improving energy utilization efficiency. Application Scenarios: The TIANWU B 100kW/233kWh industrial and commercial energy storage integrated machine is widely used in factories, commercial complexes, data centers, and other scenarios. It supports peak shaving, valley filling, demand control, off-grid power supply, and integrated wind, solar, diesel, and storage energy management modes, helping users reduce electricity costs and improve energy management efficiency. The TIANWU C 125kW/261kWh industrial and commercial energy storage integrated machine is a high-efficiency energy storage solution that integrates a Power Conversion System (PCS), battery, Battery Management System (BMS), Energy Management System (EMS), thermal management, and fire protection system. Designed specifically for industrial and commercial users, it aims to reduce operation and maintenance costs, improve energy utilization efficiency, while offering high safety and flexibility. Core Features: High-efficiency Integration, Reduces Operation and Maintenance Costs. The TIANWU C adopts an independent cabin design, integrating PCS, battery, BMS, EMS, thermal management, and fire protection systems, reducing equipment complexity and operation and maintenance difficulty, significantly lowering user operation and maintenance costs. High-performance Power Conversion System (PCS). The PCS supports 1.1 times overload operation, with a power utilization rate of up to 100%, ensuring stable system operation under high load conditions and maximizing power utilization efficiency. CATL Original Battery Module. Equipped with CATL's original battery pack, compliant with UL9540A standards, featuring a secondary architecture design, with BMS measurement accuracy up to 3%, ensuring efficient and safe battery operation. Compact Design, Saves Space. The full horizontal structure design, combined with Weiheng's self-developed high-voltage power distribution fusion module, occupies only 1.35㎡, the best in the industry. It also supports top-hanging installation and seamless side-by-side installation, further reducing the footprint by 30%. Multiple Safety Protections. Equipped with a four-level protection mechanism (Pack-Rack-PCS-System), including pack-level fire protection, cluster-level fire protection, ventilation and pressure relief (optional), and water fire protection (optional), ensuring system safety under various extreme conditions. Wide Environmental Adaptability. Supports stable operation in temperatures ranging from -30℃ to high temperatures and can operate normally at altitudes of 3,000 meters, adapting to various complex environments. Self-developed PANGU OS Smart Energy Management System. Integrated with the self-developed PANGU EMS system, it supports peak shaving, valley filling, demand control, PV ESS charging, and other operation modes, helping users achieve optimal energy configuration and management. The new Weiheng EMS100 V2 system optimizes the communication architecture, improving system response speed and stability. Off-grid Operation Capability. This energy storage integrated machine can independently support off-grid scenarios, significantly enhancing off-grid load capacity, and supports three-phase unbalanced loads, suitable for various complex power demand scenarios. Flexible Expansion Capability. Supports up to 16 parallel operations, easily expanding to MWh-level projects, meeting the energy storage needs of large industrial and commercial users. Application Scenarios: The TIANWU C 125kW/261kWh industrial and commercial energy storage integrated machine is widely used in peak shaving, valley filling, demand control, integrated PV ESS charging, off-grid power supply, and other scenarios, suitable for factories, commercial complexes, data centers, and other industrial and commercial users, helping users reduce electricity costs and improve energy management efficiency. Contact Information: Shu Yang, 152 0921 7776, arsalan.yang@weiheng-tech.com. SMM Conference Contact: Huanchen Zhu, 13524282779, zhuhuanchen@smm.cn.

[GEM Signs New Cooperation] Recently, GEM's subsidiary Power Recycling signed a strategic cooperation framework agreement with SF Express Integrated Logistics on "Jointly Building and Sharing a Green and Low-carbon Recycling Network". This will promote the efficiency of the battery recycling supply chain, help GEM Group achieve targeted circularity across the entire industry chain, and solve the problems of "difficulty in information, channels, pricing, and delivery".

According to the announcement of GEM (002340), GEM recently signed a "Memorandum of Understanding on Strategic Cooperation of the Whole Industry Chain of Raw Materials for Secondary Batteries" with EcoPro BM, a subsidiary of EcoPro of South Korea.

【GEM: Signing Ceremony for Energy Storage Project with EVE Energy Held Grandly】On August 14, 2024, the signing ceremony for the 60.2MW/120.4MWh collaborative energy storage project between GEM and EVE Energy was held ceremoniously in Jingzhou City. Located within GEM's Jingmen New Energy Circular Economy Low-Carbon Park, this project employs lithium iron phosphate batteries produced by EVE Energy's Jingmen factory, boasting an installed capacity of 60.2MW/120.4MWh and is scheduled to be officially commissioned in the second half of 2024. As for the collaborating partners, GEM stands as a core supplier in the global new energy industry and a leading enterprise in China's circular economy, while EVE Energy is a leading global lithium battery company. The joint energy storage project by these two powerful players aims to achieve energy savings, consumption reduction, cost efficiency, and further aligns with the national call for green transformation and high-quality development.