Recently, Hunan Angzhu Environmental Protection Technology Co., Ltd. signed an APP advertising cooperation agreement with SMM (Shanghai Metals Market). This partnership aims to expand pragmatic cooperation and promote industry exchange, thereby achieving deepened collaboration, market expansion, and mutual benefit. Going forward, SMM will leverage its advantages as a leading non-ferrous metals industry service platform to provide Hunan Angzhu Environmental Protection Technology Co., Ltd. with a one-stop online marketing solution through comprehensive online display, forming a virtuous cycle between production and market, and realizing mutual value for both parties. Hunan Angzhu Environmental Protection Technology Co., Ltd. was established in 2018 and is located at No. 1 Xincheng Road, Leiyang City, Hengyang City, Hunan Province. It is a comprehensive enterprise specializing in non-ferrous metal deep processing and trade sales. Hunan Angzhu Environmental Technology Co., Ltd. was established in 2018 and is located at No. 1 Xincheng Road, Leiyang City, Hengyang City,Hunan Province. it is a comprehensive enterprise specializing in non-ferrous metal deep processing and trade sales. With pyrometallurgy #1 lead as its core product, the company has an annual capacity of 200,000 mt (based on pyrometallurgy #2 refined lead). It also engages in primary lead, lead-calcium alloy, lead-antimony alloy, secondary lead, and secondary refined lead businesses, building an entire industry chain service system from raw material procurement to finished product sales. Taking Pyrometallurgical Grade 1 Lead as its core product, the company has an annual production capacity of 200,000 tons (calculated by Pyrometallurgical Grade 2 Lead). It also engages in businesses such as electrolytic lead, lead-calcium alloy, lead-antimony alloy, recycled lead and recycled refined lead, and has built a full-industry-chain service system from raw material procurement to finished product sales. Core Strengths 1 Environmental Protection First Actively responding to the national call for green development, the company has invested in the construction of integrated environmental protection production facilities to achieve the recycling of wastewater, waste gas, and waste residue, creating a modern factory with "zero pollution and low energy consumption" and being awarded as a provincial-level green production demonstration unit. Actively responding to the national call for green development, the company has invested in the construction of integrated environmental protection production facilities to realize the recycling of wastewater,waste gas and waste residue, creating a modern factory with "zero pollution and low energy consumption" and being awarded as a provincial-level green production demonstration unit. 2 Technology-Driven The core management team has 20 years of industry experience, has established a three-level quality inspection system, and has obtained ISO9001 quality management system certification, with product purity reaching over 99.996%. Through intelligent equipment upgrades, production efficiency has increased by 40%, saving over 20 million yuan in annual production costs. The core management team has 20 years of industry experience, has established a three-level quality inspection system and has obtained ISO9001 quality management system certification, with product purity reaching over 99.996%. Through the intelligent transformation of equipment, production efficiency has increased by 40%, saving more than 20 million yuan in annual production costs. 3 Social Responsibility The company has cumulatively created over 200 jobs and was awarded the title of "Outstanding Enterprise in Employment Contribution of Hengyang City." It has established industry-university-research cooperation with Central South University and trained over 50 professional and technical talents. It has created more than 200 jobs cumulatively and was awarded the title of "Outstanding Enterprise in Employment Contribution of Hengyang City".It has established industry-university-research cooperation with Central South University and trained more than 50 professional and technical talents. Business System • Raw Material Procurement: Crude lead, secondary crude lead • Main Products: Pyrometallurgy #1 lead (national standard GB/T 469-2023), primary lead, alloy lead • Trade Services: Providing value-added services such as warehousing and logistics, futures hedging, and supply chain finance Development Vision Adhering to the business philosophy of "Quality Builds Brand, Innovation Leads the Future," the company plans to establish a provincial-level technology center by 2026 and strives to become a benchmark enterprise in non-ferrous metal deep processing in Central China. We sincerely invite colleagues from all walks of life to visit and guide us for common development! Adhering to the business philosophy of "Quality Builds Brand, Innovation Leads the Future", the company plans to establish a provincial-level technology center by 2026 and strive to become a benchmark enterprise in non-ferrous metal deep processing in Central China. We sincerely invite colleagues from all walks of life to visit and guide us for common development! Contact Information Lin Yuancai 139757991777/18768272777 SMM Contact Cao Juanjuan caojuanjuan@ly10000.com 19521491689

SMM May 15 News: In May 2026, the global molybdenum market remained in a persistently tight supply-demand pattern, with prices extending and accelerating the upward trend seen in April. International molybdenum oxide prices kept surging at high levels, while domestic molybdenum concentrate and ferromolybdenum prices repeatedly hit new stage highs.

According to SMM, copper prices surged this week, significantly suppressing new order intake in the copper plate/sheet and strip industry. However, thanks to ample backlog orders accumulated in the earlier period, industry production demonstrated strong resilience. Demand orders from core downstream sectors such as power, new energy, and electronics remained generally stable, supporting full production schedules for most enterprises. As a result, the industry's operating rate continued to fluctuate at highs.

On May 14, Xinbo Co., Ltd. announced that its subsidiary, Xinbo New Energy, plans to invest in the construction of a "New Energy Vehicle Parts Production Project with an Annual Output of One Million Sets of Lightweight High-End Aluminum Components." The project has a planned total investment of approximately 100 million yuan and an estimated construction period of 6 months. The implementation of the project will help the company break through its original photovoltaic aluminum frame business and accelerate its expansion into the new energy vehicle parts market, which has higher technological barriers and greater added value.

Longyuan Co., Ltd. issued an announcement stating that, in order to further implement the company's development strategy and seize the market opportunities brought by the rapid development of the new energy vehicle industry, the company plans to invest in the construction of a "New Energy Three-Electric System and Lightweight Components R&D Center and Production Base Project" in Beilun District, Ningbo City. The project plans to use an area of ​​approximately 40 mu (approximately 2.67 hectares) and the total investment is approximately RMB 200 million, of which approximately RMB 144 million is fixed asset investment.

Recently, the industrial park of Aluminum Corporation of China (CHALCO) Qinghai Branch received the "Demonstration Zero-Carbon Industrial Park" evaluation certificate issued by the China Industrial Energy Conservation and Cleaner Production Association, becoming the first industrial park in China's electrolytic aluminum industry to pass this evaluation. This provides a replicable and scalable practical solution and typical experience for the zero-carbon transformation of China's energy-intensive industries, fully demonstrating the leading role and responsibility of central enterprises in the green development of industry.

SMM Cold-Rolled Production Schedule: May Steel Mill Cold-Rolled Production Schedule Up 2%, Daily Average Production Schedule Down 1.4% According to the latest SMM tracking data, the total planned cold-rolled commercial steel volume from 31 mainstream cold-rolled sheet and coil steel mills was 4.2123 million mt this month, up 78,500 mt MoM from actual cold-rolled commercial steel production, an increase of 1.9%. On a daily average basis, May had one more day than April. The daily average cold-rolled commercial steel production schedule in May was 135,900 mt, down 1.4% MoM from the daily average actual cold-rolled commercial steel production in the previous month. SMM HRC Production Schedule: May HRC Production Schedule Up 0.3% MoM, Daily Average Down 3% According to the latest SMM tracking data, the total planned HRC commercial steel volume from 39 mainstream steel mills was 13.3564 million mt this month, up 37,400 mt MoM from actual HRC commercial steel production, an increase of 0.3%. On a daily average basis, May had one more day than April. The daily average HRC commercial steel production schedule in May was 430,900 mt, down 3.0% MoM from April's actual daily average production. Currently, steel mill profits and order conditions were favorable, and production enthusiasm was high. The overall May production schedule was basically flat MoM compared to April's actual production. May had fewer days than April, and on a daily average basis, steel mills' HRC production schedule declined MoM. Summary: Total production schedule for hot-rolled commercial steel at steel mills in May was basically flat MoM. However, since May has more days than April, the daily average production schedule decreased MoM, and supply pressure was slightly lower than previous expectations. Demand side, sheets & plates demand is expected to weaken marginally in mid-to-late May. Hot-rolled coil inventory is expected to continue destocking over the next 2–3 weeks, and the accumulation of supply-demand imbalance before month-end in May will be limited. Other aspects, the ex-China energy premium is unlikely to ease in the short term, and hot metal production continues at elevated levels. HRC prices are expected to fluctuate at highs before late May. During this period, the pullback in coking coal prices driven by expectations of easing Middle East conflicts and the periodic weakening in export order-taking for hot-rolled coils are expected to put prices under pressure temporarily, though the downside is limited.

【SMM Steel】Demand for finished steel in Sweden is shifting toward steady recovery after years of stagnation, driven by government-backed green transformation, energy/infrastructure investment, and improving macro conditions. Sweden uses a public-private partnership model covering 10-15% of green modernization costs. Industrial power prices in northern Sweden are €30-45/MWh vs EU industrial average ~€95/MWh. Total steel consumption is expected to rise 3% in 2026 to 3.4m tonnes. Flat products are expected to rise 2% supported by auto, defense, and wind power; long products are expected to rise 4.5% driven by construction and infrastructure. Imports account for 75-85% of domestic consumption, with strict low-carbon certification requirements.

Next week, key macro data releases will include China's April total retail sales of consumer goods YoY, China's April industrial value-added output of enterprises above designated size YoY, the final reading of the US May University of Michigan Consumer Sentiment Index, and the final reading of the US May one-year inflation rate expectations. In addition, the Fed Chairman transition has been completed, and the monetary policy meeting minutes are set to be released next week. LME lead side, the ex-China mine and smelting sector is going through a turbulent period. Following the accident at a lead-zinc smelter in Kazakhstan in early May, energy supply conflicts in Peru escalated this week. As Peru is a major lead-zinc mining region, this tightened supply expectations on the mine side, supporting lead prices. Meanwhile, spot lead supply tensions in Southeast Asia remained prominent. On one hand, LME lead inventory stood as high as 265,000 mt, mainly consisting of low-grade lead ingots; on the other hand, countries such as Vietnam and Malaysia faced significant lead ingot supply gaps, with spot premiums rising again, mainly due to the scarcity of high-grade lead ingot resources. Overall, LME lead is expected to continue to hold up well. LME lead is expected to trade in the range of $1,975-2,035/mt next week. SHFE lead side, the issue of rising visible inventory of lead ingots caused by short-term deliveries will ease as deliveries conclude. However, the biggest bearish factors currently come from the lead consumption off-season, while secondary lead smelters have shown signs of production resumptions, putting lead prices under pressure. Additionally, the lead ingot import window fully closed this week, and given the regional tight supply of lead ingots outside China, attention should be paid to expectations of the lead ingot export window opening in H2. The most-traded SHFE lead contract is expected to trade in the range of 16,350-16,750 yuan/mt next week. Spot price forecast: 16,300-16,600 yuan/mt. Consumption side, the off-season trend in the lead-acid battery market intensified, with downstream enterprises having limited rigid demand and being relatively cautious in procurement. Supply side, production cuts at secondary lead enterprises improved somewhat, with factories in some regions gradually resuming production. Meanwhile, attention should be paid to the materialization of new maintenance at primary lead enterprises. Spot lead is expected to still trade at a slight discount next week (against SMM #1 lead).

Lead concentrate TCs remained generally stable this week. The weekly average TC for domestic Pb50 was quoted at 300 yuan/mt Pb, while the weekly average TC for imported Pb60 was quoted at -$135/dmt. Smelters maintained mainstream quotations within the range of -$150 to -$130/dmt. As the SHFE/LME lead price ratio continued to decline, losses on lead concentrate imports widened, and smelters showed little enthusiasm for negotiating purchases, resulting in minimal actual transactions for imported ore. The biggest unexpected impact on the precious metals market this week came from the issuance of Peru's energy crisis decree. Silver prices experienced wild swings, but the price fluctuations in precious metals have not yet transmitted to the TC quotation stage for imported ore or the silver payable stage for lead concentrates. Some smelters indicated that there are no expectations of supply disruptions from Peru-sourced lead concentrates in the short term. The silver payable indicator remained stable, mainly because buyers and sellers had doubts about the sustainability of the silver price rebound, and consensus could still be reached on maintaining the current payable indicator. Although zinc concentrate TCs saw significant reductions in May due to factors such as a sharp rise in sulphuric acid prices, lead concentrate TC quotations saw almost no reduction during the same period. Multiple mining enterprises stated that lead concentrate TCs have almost no room for further decline.