Driven by the dual forces of global energy structure transformation and the "dual carbon" goals, battery technology is evolving from a traditional electricity storage medium into a core engine reshaping transportation, consumer electronics, and even the energy internet. From fundamental breakthroughs in materials science to the industrialisation of cutting-edge technologies such as solid-state and sodium-ion batteries, the battery industry is in a period of explosive technological advancement with intense competition. This conference brings together the world's top scholars, industry chain leaders, and capital forces, aiming to break down barriers between "industry, academia, research, and application." We will delve into key topics including high energy density, ultimate safety, ultra-fast charging technology, and recycling, jointly charting a new blueprint for green, efficient, and sustainable energy. Shenzhen Huanaxincai Co., Ltd. will attend this grand event to discuss industry development trends with industry peers and jointly drive battery technology to new heights. form to sign up immediately, and together witness and participate in this extraordinary and far-reaching industry event, co-creating a brilliant new chapter! Shenzhen Huanaxincai Co., Ltd. was founded in November 2021 by a doctoral team of high-level overseas talents. It is a national high-tech enterprise specialising in the R&D, industrialisation, and end-use applications of sodium-ion battery cathode materials. The company has been recognised as a "Shenzhen Specialised, Refined, Distinctive, and Innovative Enterprise" and a "Shenzhen 20+8 Industrial Cluster Enterprise." It has applied for or been granted nearly 80 patents, obtained ISO9001, ISO14001, and other system certifications, and served as the lead or major co-drafter of four sodium-ion battery standards. The company has received multiple rounds of financing from publicly listed firms including Meilian New Material and Zijian Electronics, and has won numerous industry awards. Core Business The company specialises in the R&D, production, and sales of sodium-ion battery cathode materials. With years of deep industry expertise and over 100 core patents accumulated, it possesses strong technological capabilities. Currently, the enterprise has fully mastered both mainstream sodium-ion battery cathode material technology routes — layered oxide and polyanion. Its products maintain a leading position in overall market performance. The layered oxide cathode materials feature high energy density, high working voltage, and excellent C-rate performance, making them widely suitable for application fields such as power batteries. The polyanion NFPP cathode materials are characterised by high safety, ultra-long cycle life, and outstanding wide-temperature adaptability, with excellent cycling performance, making them particularly suitable for scenarios with stringent safety and service life requirements such as utility-scale energy storage, backup power supplies, and starter batteries. The polyanion NFS cathode materials feature high voltage and high capacity performance, and are widely applied in scenarios such as light vehicle power and others. Leveraging a mature technology system and rigorous quality control management, the company's products have achieved large-scale mass production and stable supply, successfully entering various application segments and establishing in-depth partnerships with multiple Fortune Global 500 enterprises and leading industry clients. We remain committed to technological innovation as our core driving force, continuously iterating product performance, and dedicated to providing global clients with high-grade, highly reliable sodium-ion battery cathode materials to facilitate the high-quality development of the new energy industry. Long press 2026 SMM Battery Technology Conference

Vedanta Resources’ Konkola Copper Mines (KCM) has commenced a 60-day maintenance shutdown aimed at improving operational reliability across its mining and processing facilities and supporting future production growth. The company stated that the maintenance program covers key mining, processing, and supporting infrastructure assets and represents an important step in the mine’s ongoing operational recovery. Vedanta has previously committed to investing more than US$1 billion in KCM over the next five years to restore and expand production capacity. As one of Zambia’s major copper producers, Vedanta aims to increase KCM’s annual copper output to more than 300,000 tonnes in the coming years.

SMM June 2 News: In May, the rare earth market entered its traditional off-season. Although occasional factors such as major producers' procurement briefly boosted rare earth prices, weak downstream demand kept prices under pressure and pulling back throughout May. Pr-Nd oxide and dysprosium oxide fell 11% and 11.79% respectively in May, while terbium oxide also edged down. On the supply side, production showed an increasing trend — domestic rare earth oxide production was up across the board MoM in May. Combined with continued inflows of ex-China sources, imports of unlisted rare earth oxides in the first four months surged 103% YoY, and the supply-demand mismatch further weighed on rare earth price performance in May. Since early June, Pr-Nd oxide and other rare earth products have seen slight price rebounds driven by major producers' restocking and futures fluctuations. However, the off-season demand shortfall persists — how will the rare earth market perform going forward? Pr-Nd Oxide Down 11% in May, Dysprosium Oxide Down 11.79%, Terbium Oxide Down 1.63% Light rare earth prices: Taking the historical price trend of Pr-Nd oxide as an example, according to SMM pricing: the average price of Pr-Nd oxide on May 29 was 687,500 yuan/mt, compared with 772,500 yuan/mt on April 30, down 85,000 yuan/mt in May, a monthly decline of 11%. Entering June, Pr-Nd oxide continued to rise, with an average price of 700,500 yuan/mt on June 2. Medium-heavy rare earth prices: Taking the trend of dysprosium oxide as an example, according to SMM pricing: the average price of dysprosium oxide on May 29 was 1,230 yuan/kg, compared with 1,375 yuan/kg on April 30, down 145 yuan/kg in May, a monthly decline of 11.79%. Entering June, dysprosium oxide prices edged up, with an average price of 1,240 yuan/kg on June 2. Taking the trend of terbium oxide as an example, according to SMM pricing: the average price of terbium oxide on May 29 was 6,025 yuan/kg, compared with 6,125 yuan/kg on April 30, down 100 yuan/kg in May, a monthly decline of 1.63%. Entering June, terbium oxide prices edged up slightly, with an average price of 6,035 yuan/kg on June 2. Oxide Production Up Across the Board MoM in May Production: Driven by increased production from scrap recycling enterprises and production resumptions at some enterprises that had previously undergone equipment maintenance, production of Pr-Nd oxide and other rare earth oxides edged up in May compared with April. Imports of Unlisted Rare Earth Oxides Up 103% YoY, January-April According to data from the General Administration of Customs, China's imports of thorium ore and concentrates totaled 21,443 mt from January to April 2026, nearly flat YoY. Imports in April were 4,081 mt, up 22% MoM but up 32% YoY. From January to April 2026, China's imports of unlisted rare earth oxides reached approximately 26,123 mt, a significant YoY increase of 103%. Currently, the operating rate of rare earth mines outside China remains relatively high, keeping actual supply in the international market at ample levels. Outlook Recently, driven by futures market price fluctuations and periodic restocking by some large enterprises, rare earth prices rose. However, due to lackluster downstream orders, even though downstream enterprises' raw material inventory remained at relatively low levels, end-user wait-and-see sentiment was strong and enterprises showed little enthusiasm for restocking and stockpiling. It is expected that rare earth prices will return to being in the doldrums until downstream orders see a notable increase and market confidence shows a clear recovery. Recommended Reading:

[SMM News Flash] According to reports, the groundbreaking ceremony for HUAYANG Thailand Industrial Park of Huizhou HUAYANG Group Co., Ltd. was successfully held in Chachoengsao Province, Thailand. The official groundbreaking of this project represents a strategic move by HUAYANG Group to accelerate its global industrial layout and deepen its presence in markets outside China, and also marks a new phase in the company's international development.

[SMM Express] SHFE data showed that on June 2, the total registered cast aluminum alloy warrants stood at 39,801 mt, an increase of 83 mt from the previous trading day. Specifically, Shanghai (2,897 mt, +150 mt), Guangdong (10,042 mt, -61 mt), Jiangsu (7,681 mt, +0 mt), Zhejiang (12,479 mt, +24 mt), Chongqing (5,707 mt, -30 mt), and Sichuan (995 mt, +0 mt).

[The purchase price of caustic soda from the mainstream alumina factory in Guangxi] SMM informed that the purchase price of 50% ion membrane liquid alkali standing order of the mainstream alumina factory in Guangxi increased by 100 yuan/ton in June compared to May. And the delivery-to-factory price was 2,900 yuan/ton (price adjusted on a 100% concentration basis).

[The purchase price of caustic soda from the mainstream alumina factory in Henan Province] SMM informed that the purchase price of 32% ion membrane liquid alkali standing order of the mainstream alumina factory in Henan Province increased by 100 yuan/ton in June compared to May. And the delivery-to-factory price was 2,170 yuan/ton (price adjusted on a 100% concentration basis).

[The purchase price of caustic soda from the mainstream alumina factory in Shanxi Province] SMM informed that the purchase price of 50% ion membrane liquid alkali standing order of the mainstream alumina factory in Shanxi Province decreased by 100 yuan/ton in June compared to May. And the delivery-to-factory price was 2,090 yuan/ton (price adjusted on a 100% concentration basis).

SMM Steel, June 2 — According to SMM statistics, estimated total shipments to mainstream markets this week were 184,700 mt, down 8.70% WoW.By market: Table 1: Mainstream Market Arrivals Comparison Data source: SMM Steel Shanghai market: Shipments of hot-rolled coils to the Shanghai market edged down slightly WoW. Specifically, shipments from mainstream steel mills in the northeast and south China decreased, while shipments from east China and north China steel mills remained stable. Looking ahead, arrivals of northern resources are expected to see relatively small fluctuations in the short term. For the south China market, given the slower shipment pace in the earlier period, the shipment pace is expected to pick up in June. Arrivals at the Shanghai market are expected to edge up slightly over the next one to two weeks. Chart-1: Shanghai Market Arrivals Data source: SMM Steel Lecong market: Shipments destined for Lecong continued to decline WoW. Specifically, north China resources remained largely stable WoW. The recent narrowing of the price spread between south China and east China has dampened the enthusiasm for shipping some resources, leading to a continued decline in overall arrivals. Going forward, earlier northern materials have largely arrived, and the current price spread is insufficient to support client orders. Combined with the still-close prices between south China and east China, the shipping preference for some resources will continue, and Lecong arrivals are expected to remain stable in the short term. Chart-2: Lecong Market Arrivals Data source: SMM Steel SMM publishes mainstream market hot-rolled shipment flow data every Tuesday. To subscribe or follow more data, please scan the QR code below.

To better track rare earth price swings and support long‑term contract settlements, SMM launched “Evening Prices” (since April 27, 2026) for Pr‑Nd and gadolinium, available via data terminal and Renrenkan. As afternoon transaction peaks have shifted due to volatility (e.g., Pr‑Nd alloy: 1.09M to 830k yuan/mt in H1 2026), evening prices reflect actual afternoon trades, benefiting metal‑magnet contracts. For magnet‑end‑user annual contracts, morning prices are recommended.