The 2nd SMM Southeast Asia Automotive Supply Chain Conference 2025 was successfully held, featuring the on-site launch of 10 new car models, the Southeast Asia brand strategies of three automakers, and SMM Thailand local steel prices. It facilitated efficient negotiations between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire Southeast Asia automotive industry chain. At present, the NEV industry in Southeast Asia is entering a critical stage of development. Thailand, Indonesia, and Vietnam each have their own deployments and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition among technology pathways, and localization compliance. With support from all parties, SMM’s local pricing systems in Thailand and Indonesia have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 3rd conference in 2026 will focus on three core priorities: exploring the sales potential of new energy vehicles in Southeast Asia; opening up the last mile of the supply chain and integrating regional industry resources; upgrading SMM Southeast Asia metal quotations from price references to trading benchmarks, implementing procurement applications for electrification materials, and establishing an executable pricing system. We firmly believe that real progress comes from turning consensus into action. At this conference, sincerely invites you to gather again in Bangkok to jointly turn the strategic blueprint into market competitive advantages, and to witness and participate in this extraordinary and far-reaching industry event, creating a brilliant new chapter together! Click to register now. Booth No.: B02 Delivering Power, Delivering Value LANDAI Technology 1996: Establishment 2015: Listed on the Shenzhen Stock Exchange 2025: Thailand Plant Establishment Products Automotive transmission gear, shaft, balance shaft, EV reducer Employees: 5,000+ Sales : RMB 3 billion Plant Location Chongqing, China Ma’anshan, China Huizhou, China Chonburi, Thailand LANDAI Technology Contact Information Contact www.cqld.com Contact: Frank Xiang Tel: +86-135 2755 6915 Email: frank@cqld.com Contact: Wei Huang 8393 4378 Email: huangw@cqldai.com Contact Us Yan Caowei 15618581967 yancaowei@smm.cn

The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the release of 10 new car models, Southeast Asia brand strategies from three automakers, and SMM Thailand local steel prices. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, preliminarily establishing a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the Southeast Asian NEV industry is entering a critical development phase, with Thailand, Indonesia, and Vietnam each making their own strategic moves and breakthroughs, while the industry also faces challenges such as supply chain restructuring, technology route competition, and localization compliance. Thanks to the support from all parties, SMM's Thailand and Indonesia local pricing systems have been implemented and adopted by core enterprises, establishing a credible cost benchmark for the industry. The 2026 3rd Conference will focus on three core themes: exploring the NEV auto sales potential in Southeast Asia; connecting the last mile of the supply chain and integrating regional industry chain resources; and advancing SMM Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing electrification material procurement applications and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, Shenzhen Joinunion Technology Co., Ltd. sincerely invites you to gather again in Bangkok, to jointly transform strategic blueprints into market competitive advantages, to witness and participate in this extraordinary and far-reaching industry event, and to co-create a brilliant new chapter! Click the to register now. Powering Homes and Roads Ahead Union Industry (Hong Kong) Holding Co. , Limited is a professional global supplier of components, focused on meeting the supply chain needs of multinational companies' industrial products. The company has developed a business model driven by a dual engine of '1+6' advanced manufacturing and manufacturing value-added services. By integrating global resources, it provides comprehensive services to customers, becoming a reliable partner for many international companies. To be a global leader in components and sub-assemblies, driving value through manufacturing excellence and end-to-end supply chain management. Process Process Integrated Fine Blanking Post-processing Solution Integrated Post-processing Solution Fine Blanking → Deburring → Sizing → Heat Treatment → Surface Coating → Cleaning → Inspection Clients We Work With Customer We Work With Contact Contact Shirley Wang M: +86 18573109058 E: shirley.wang@unindasia.com Contact Us Yan Caowei 15618581967 yancaowei@smm.cn

Toyota said on Monday that it would build a new plant with a designed annual capacity of 100,000 units in Maharashtra, India, and the plant is expected to commence production in H1 2029. The Japanese automaker noted in a statement that the plant would be located in the local Bidkin Industrial Area, primarily responsible for producing a brand-new SUV car model, and is expected to create approximately 2,800 jobs locally.

[SMM Daily Comment: Significant Divergence Between Upstream and Downstream, High-Grade NPI Prices Stagnant at High Levels] May 11 — The SMM high-grade NPI upstream sentiment index was 3.52, down 0.08 MoM, and the high-grade NPI downstream sentiment index was 2.42, down 0.07 MoM.

According to SMM data, on May 11, the FOB price of Indonesian MHP nickel fell by $72/mt Ni from the previous day, while the FOB price of Indonesian MHP cobalt rose by $289/mt Co. The FOB price of Indonesian high-grade nickel matte fell by $100/mt Ni from the previous day.

On May 10, 2026, Zenith Steel released its mid-May pricing policy. I. Retroactive price adjustment for the 1st ten-day period of May: 1. Wire rod 60 2. Rebar 75 II. Provisional prices for the 2nd ten-day period of May: 1. Wire rod 3,650 (↑50) 2. Rebar 3,450 (↑50) III. The benchmark discount rate for acceptance bills was adjusted to 0.75‰ [SMM Steel]

On April 29 local time, as hundreds of metric tons of magnetite ore were steadily conveyed to the feed inlet of the primary crushing station, equipment across all workshops of the beneficiation plant operated in synchronized coordination and started up smoothly. The New Tonkolili 30 Million mt Magnetic Beneficiation Plant (Phase II) project, constructed by China Railway No. 1 Group under China Railway Group Limited, was completed and put into operation in Sierra Leone. The New Tonkolili mining area is located in the Northern Province of Sierra Leone, covering an area of 408 square kilometers. It is one of the world's largest single magnetite mining areas by proven reserves, with currently proven reserves of 13.7 billion mt. In April 2025, the Phase I project was completed and put into operation; on January 22 this year, the Phase III project broke ground and is currently under construction. The Phase II project broke ground in April 2025 and was completed in 11 months. With this phase now in operation, the raw ore processing capacity of the beneficiation plant will reach 20 million mt per year, significantly enhancing overall beneficiation processing capacity and production efficiency, and laying the foundation for large-scale and intensive operations. During construction, the project team established a "sea-rail-road" multimodal logistics support system, effectively overcoming the challenges of cross-border transportation of equipment and materials for projects outside China. The team also scientifically optimized construction organization plans, making full use of the prime dry-season construction window to maximize construction efficiency. The completion and commissioning of the New Tonkolili 30 Million mt Magnetic Beneficiation Plant (Phase II) project represented a concrete embodiment of pragmatic cooperation in the mining sector between China and Sierra Leone. It promoted the upgrading of the local mining industry, cultivated local professional talent, and facilitated local industrialization.

As the U.S.-Iran situation continued to fluctuate and negotiation prospects deteriorated again, platinum prices oscillated intraday. In the morning session, the most-traded PT2606 contract on the Guangzhou Futures Exchange (GFEX) closed at 514.7 yuan/gram, up slightly by 0.14%, and the inversion between the SGE Pt9995 and the GFEX PT2606 contract ended. Spot side, mainstream quotations for spot platinum premiums remained largely unchanged from the previous trading day. In the morning session, traders' mainstream quotations were at a discount of 2-4 yuan/gram against the GFEX PT2606 contract. After the impact of the invoicing rectification, most traders have resumed normal quotations. Transaction side, according to SMM, downstream consumption remained relatively weak, with only some enterprises making just-in-time procurement through price negotiation. The morning mainstream quotations at a discount of 2-4 yuan/gram against the GFEX contract were difficult to transact, and overall spot market trading remained sluggish.

According to SMM data, on May 11, the SMM battery-grade nickel sulphate average price remained stable compared with the previous day.

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 240 yuan/mt to a discount of 120 yuan/mt, with the average discount of 180 yuan/mt down 20 yuan/mt from the previous trading day. The average transaction price was 104,085 yuan/mt, up 1,545 yuan/mt from the previous trading day.