On May 7, CCTC Electronics revealed at its earnings briefing that the company had successfully expanded into China's optical communication device ceramic package product sector, with its aluminum nitride thin-film substrates achieving volume supply. Currently, the company has risen to rank among the largest high-end electronic ceramic package manufacturers in China, and holds a leading global market share in ceramic packages and substrates for optical module packaging.

[SMM Tin Midday Review: Multiple Macro Factors Drove Futures Higher, Spot Market Fell into Stalemate with Scarce Transactions]

Egyptalum financial report shows that in the 2025/2026 fiscal year, the company's net profit after tax for the first nine months (July 1, 2025 to March 31, 2026) reached Egyptian pounds 10.447 billion, an increase of approximately 6% year-on-year, compared to Egyptian pounds 9.894 billion in the same period of the previous fiscal year. Revenue for the first nine months reached Egyptian pounds 36.731 billion, higher than the Egyptian pounds 32.062 billion in the same period of the previous fiscal year.

Iberdrola SA reported a €1.87 billion adjusted net profit for Q1 2026, marking an 11.4% increase year-on-year, primarily fueled by robust growth in regulated networks and an increased stake in its Brazilian subsidiary, Neoenergia. While group revenue remained stable at €12.02 billion, adjusted EBITDA grew 2.4% to €4.07 billion, benefiting from the consolidation of UK operator Electricity North West (ENW). Conversely, the electricity production and customers division saw a 3.2% dip in adjusted EBITDA to €2.02 billion, as increased output in Europe and the UK was offset by non-recurring ancillary service costs in the Iberian market and a tough year-on-year comparison in the US.

[SMM Tin Midday Review: SHFE Tin Tested the 380,000 Level, Bargain Buying Drove Spot Trades to Recover]

SMM battery-grade spot lithium carbonate price rose with fluctuations today compared to the previous working day. Futures side, the lithium carbonate 2609 contract opened higher today at 182,000 yuan/mt, surged to 184,800 yuan/mt in the early session before pulling back with fluctuations, moved sideways around the average price line in the midday session, and weakened slightly in the late session to close at 180,600 yuan/mt, up 1.71%. As of the close, open interest increased by 11,200 lots compared to the previous working day.

[Strait Blockade Remains in Stalemate, LME Outperforms SHFE for Aluminum] Overall, the strait blockade continued. The supply gap outside China and the ongoing drawdown of LME inventory supported LME prices to hold up well, while China's aluminum ingot inventory remained at elevated levels. Attention should be paid to whether a turning point in domestic inventory can materialize smoothly.

The blockade of the Strait of Hormuz has delivered a direct and material external shock to Southeast Asia’s energy supply structure. Solar (PV) is emerging as the main alternative for reducing exposure to fossil fuel price volatility. However, the structural tension between accelerating PV penetration and entrenched electricity market models will be the decisive factor governing the region’s energy transition pace.

[Geopolitical Negotiations Remain Unresolved; Aluminum Prices Continue LME Outperforms SHFE Pattern] Overall, the Middle East negotiation process continued to face setbacks. However, the supply gap outside China and the continued drawdown of LME inventory supported LME prices to hold up well. Meanwhile, China's aluminum ingot inventory remained at elevated levels, and attention should be paid to whether the inflection point of domestic inventory can materialize smoothly.

[Weekly Review of Aluminum Scrap and Secondary Aluminum]Rising Primary Aluminum Prices Push Up Costs, While Weak Supply and Demand Constrain Secondary Aluminum Gains