On June 13, at the 2025 SMM (13th) Minor Metal Industry Conference - Rare and Scattered Metals Forum (Indium, Germanium, Gallium, Bismuth, Selenium, Tellurium), hosted by Shandong Humon Smelting Co., Ltd. and SMM Information & Technology Co., Ltd., Long Wensheng, General Manager of Changsha Aochang Nonferrous Metals Co., Ltd., elaborated on "The Current Application Status and Future Prospects of Minor Metal Selenium.

On June 13, at the 2025 SMM (13th) Minor Metal Industry Conference - Rare and Scattered Metals Forum (Indium, Germanium, Gallium, Bismuth, Selenium, Tellurium), hosted by Shandong Humon Smelting Co., Ltd. and SMM Information & Technology Co., Ltd., Long Wensheng, General Manager of Changsha Aochang Nonferrous Metals Co., Ltd., elaborated on "The Current Application Status and Future Prospects of Minor Metal Selenium.

On April 2, since the introduction of Trump's reciprocal tariff policy, a global trade tsunami has been triggered. This series of measures taken by the US has caused a huge uproar worldwide. On April 4, China announced strong countermeasures, imposing an additional 34% tariff on all imported goods originating from the US, officially marking the beginning of a restructuring of the global trade order. The coldest moments often come just before the first light of dawn. This trade "war," regarded as the third launched by the US against the world in its history, has impacted global markets not only in terms of commodity trade but also in finance, capital, and even technology. Among these, the new energy industry chain is a critical link. According to Trump's latest tariff policy, a 25% tariff on cars, engines, transmissions, and lithium batteries has already taken effect. According to statistics, for lithium batteries and energy storage systems, the tariff structure is "3.4% base tariff + Section 301 tariff (ESS battery tariff to rise to 25% in 2026) + double 10% additional tariffs + 34% reciprocal tariff." In the short term, the tariff on power batteries will reach 73.4%, and the tariff on ESS batteries will reach 64.9%. For new energy vehicles, the overall tariff, after stacking, has risen to 147.5%. Under the influence of the tariff policy, the competitive advantage of domestic battery producers' lithium battery products exported to the US market will be reduced. Additionally, the US's generally high reciprocal tariff policy on Southeast Asian countries has also blocked domestic transit channels through third-party countries. As the new policy advances, increased competition in new energy projects is inevitable. In this context, the new round of tariff trade wars will have varying impacts on different segments of the lithium battery industry chain. Tremendous waves bring both dividends and opportunities, intertwined with hidden uncertainties and risks. How should practitioners in the new energy industry adapt to the changing times? Who will stand out in this market storm? Who will be the next "CATL"? In the darkest hour of the new energy industry, we need to seek and embrace new dawn. This is a new era, a time for both enterprises and individuals to transform and progress together. May 15-17, 2025, a grand event for batteries will capture the attention of the entire industry. Organized by the China Industrial Association of Power Sources, the "17th China International Battery Fair (CIBF2025)" will grandly open at the Shenzhen World Exhibition & Convention Center. Fifteen exhibition halls will gather 3,100 enterprises from both domestic and overseas markets, showcasing innovative technological achievements from upstream raw materials to end-use applications, and from power batteries to energy storage systems, where all segments of the industry chain converge. At the CIBF2025 Advanced Battery Frontier Technology Seminar held concurrently, Academician Sun Fengchun of the Chinese Academy of Engineering and a professor at Beijing Institute of Technology will share his profound insights on the technological progress and future prospects of high specific energy ultra-fast charging solid-state batteries. Ms. Zheng Yali from the China Society of Automotive Engineers will also elaborate on the current development status and trends of new energy vehicles (NEVs). Technological Evolution and Mobility: Innovation and Perseverance Lead to a Bright Future The tide of technology advances steadily, and the cutting-edge development and future trends of battery technology have become crucial factors in shaping the future energy landscape. Recently, BYD unveiled its "Megawatt Flash Charging" technology, enabling a driving range of over 400 kilometers with just a 5-minute charge. Several top-tier enterprises, including CATL, EVE, CALB, Farasis Energy, Gotion High-tech, Sunwoda, and SVOLT Energy Technology, are also deploying ultra-fast charging technologies exceeding 5C. The innovation model in the new energy industry is undergoing a transformation, shifting from isolated breakthroughs to integrated development. In this pivotal year for technological self-reliance and strength, a more robust industry chain landscape is being reshaped. Currently, top-tier battery enterprises such as CATL, BYD, EVE, Gotion High-tech, CORNEX New Energy, Sunwoda, and Lishen Battery have confirmed their participation in CIBF. Numerous material enterprises, including Dynanonic, Hunan Yuneng, and Enjie Shares, will also make a collective appearance. Representative enterprises in intelligent BMS and energy storage system (ESS) technologies will share their cutting-edge technologies during the exhibition. In this test of our shared human destiny, open cooperation remains the key driving force. China's papermaking and movable-type printing technologies crossed mountains and seas to reach Europe, inspiring European craftsmen to refine and upgrade them into the Gutenberg printing press. This significantly reduced the cost of book production and the difficulty of accessing knowledge, spawning the Renaissance and ultimately propelling a far-reaching industrial revolution. "Today, we stand at the forefront of a new industrial revolution, where outstanding enterprises compete fiercely and engage in joint industrial innovation. Through technological self-reliance, collaborative cooperation, and ecosystem construction, China's new energy technologies can open up new horizons," stated a relevant person in charge of CIBF. We have witnessed China's resolute determination in its pursuit of innovation and have also felt the resilience of individuals amidst the tides of change. Despite numerous challenges, as long as we work together with one heart, the battery industry will continue to "rise and thrive," always moving forward.

The latest interest rate decision by the US Fed will be announced at 2:00 AM Beijing time on Thursday, and Powell's press conference will begin at 2:30 AM. The updated economic forecast summary (SEPs) will not be released at this meeting, and the updated forecasts will have to wait until the June meeting. Following the stronger-than-expected April employment report, the market widely expects the US Fed to keep interest rates unchanged at 4.25%-4.50%. The money market currently believes there is only a 2% probability of a 25 basis point interest rate cut at this meeting, while the cumulative expectation for the year is a 72 basis point cut. The focus of this meeting and Powell's press conference will continue to be on the comments and guidance from Fed officials regarding the impact of tariffs. However, the Fed is likely to reiterate its wait-and-see stance to observe how Trump's tariffs are reflected in "hard data" and to help the Fed decide on its next steps. Following the strong US employment report last Friday, both Goldman Sachs and Barclays have postponed their predictions for the next rate cut from June to July. Notably, while Citi maintains its forecast of a 125 basis point rate cut for the year, it has delayed the timing of the first cut from May to June. Policy Statement and Powell's Remarks JPMorgan expects that the US Fed will keep its policy unchanged, with no substantive adjustments to the statement wording. The bank stated that the reason for the unchanged policy is clear, as Fed officials have emphasized the benefits of waiting before taking further action, even after "Liberation Day." JPMorgan expects no dissent in this decision , although Fed Governor Waller has become more dovish, his recent remarks do not provide a basis for preemptive policy easing. JPMorgan noted that in the subsequent statement, the description of the labour market as "solid" and inflation as "slightly above target" is likely to remain . However, Morgan Stanley believes that the Fed may downgrade its assessment of economic activity , changing "continued solid expansion" to "slowing growth." Additionally, the FOMC may emphasize "increased risks to the dual mandate." Moreover, "Liberation Day" has not reduced economic uncertainty, and JPMorgan detailed that whether the FOMC wants to continue emphasizing that uncertainty "has further increased" or adopt wording like "remains highly uncertain" is a difficult question to judge. Regarding forward guidance, the statement is expected to retain the existing wording unchanged. At the subsequent press conference, Powell's key message is likely to reiterate that "the FOMC is fully prepared to maintain its policy stance until clearer information emerges." Analysis of Economic Conditions Currently, much focus is on the impact of Trump's tariffs and the extent to which this impact has penetrated into the economy. There is a divergence between "soft data" and "hard data." Despite the US GDP slipping into contraction territory in Q1, labour market data has remained robust, showing no significant signs of weakness. Overall, "hard data" remains resilient, while "soft data" paints a different picture, but the US Fed does not seem overly concerned about this unless these trends begin to be reflected in the "hard data." On the inflation front, the latest CPI and PCE data show a mild downward trend, in line with Morgan Stanley's expectations. Goldman Sachs economists have highlighted two key points in their FOMC preview report. The first is "soft data" VS "hard data." The current data trend exhibits characteristics typical of an event-driven slowdown: survey-based "soft data" has deteriorated rapidly, particularly expectations for future prospects, while "hard data," which typically lags by about three months, has not yet fully weakened. Despite the sluggish performance of "soft data," Fed officials and investors are aware that in past years, "soft data" has falsely signaled recession risks for the US economy. Therefore, they prefer to see more supportive "hard data," such as from the labour market, before considering an interest rate cut. The second point is a higher threshold for interest rate cuts. Goldman Sachs expects the target range for the federal funds rate (4.25%-4.50%) to remain unchanged, and the Fed is not anticipated to make significant adjustments to its balance sheet policy. Compared to the three consecutive interest rate cuts during the 2019 trade friction period, the Fed has now set a higher threshold for interest rate cuts. Given the current high levels of inflation and inflation expectations, the Fed will require stronger evidence of an economic slowdown and the necessity for interest rate cuts before taking action. Internal Disagreements and Trump's Pressure Prior to this meeting, many individuals, including Chairman Powell, insisted on "waiting for policy clarity" . However, other influential officials, including Waller , have leaned dovish, while Trump continues to exert significant pressure on the Fed to cut interest rates, repeatedly emphasizing that the Fed is moving too slowly. Most officials believe that reciprocal tariffs will drive up inflation and curb growth, but Waller described the impact of tariffs as "temporary," while suggesting that an interest rate cut could be triggered by a rise in unemployment. Waller warned that if the US Fed waits to act until new policies are reflected in "hard data," it may be too late. The US Fed has also consistently emphasized its high level of attention to long-term inflation expectations, which have remained stable so far—an encouraging sign for the US Fed. Regarding the current stance of monetary policy, many officials described the current policy stance as "moderately tight," while Waller considered it "significantly tight." Additionally, some viewed it as "clearly tight." How will the foreign exchange market be affected? Mark Salib of Goldman Sachs Group stated, that one should tactically buy the US dollar, "We believe the FOMC will have a relatively small impact on the foreign exchange market, especially following the recent data flow. This week, the key focus is on the dynamics of the New Taiwan dollar and other Asian currencies. We have observed a significant appreciation of the New Taiwan dollar against the US dollar. Although there are currently tactical buying opportunities for the US dollar, intertwined factors such as capital repatriation may suppress the movement of the US dollar against Asian currencies, instead exerting pressure on the US dollar. It is currently difficult to determine whether this constitutes a sell-off of US dollar assets." Dom Wilson and Vickie Chang of Goldman Sachs said, "We do not have a strong bias toward the US dollar. This is likely to be a rather mediocre US Fed meeting. Once we obtain more evidence on how tariffs affect inflation and growth, the US Fed's response will be more meaningful for the price movement of the US dollar." Taking a broader view of the US dollar, Dom Wilson and Vickie Chang believe that last week's strong employment report reflected more of "what could happen" rather than "what will happen." Recession watch has now begun, which will primarily determine the direction of the US dollar in the coming weeks. Goldman Sachs economists expect that data in the coming months will show a slowdown in spending and an increase in inflation. Goldman Sachs' interest rate strategists pointed out that this combination will erode the relative hedging advantage of US Treasuries. How will the stock market be affected? Dom Wilson and Vickie Chang of Goldman Sachs Group stated, "The growth pricing model indicates that the market has fully priced in our baseline forecast but has insufficient cushioning against recession risks" (the US team still assesses the probability of a recession at 45%). In the absence of new catalysts, combined with the potential for short-term tailwinds from trade negotiations, the stock market and yields may continue to rise mildly, with volatility potentially compressing further." However, in the medium and long-term, the downside risks of stocks and bonds are more dominant. Therefore, it is recommended to view any market easing as an opportunity to increase downside protection, especially for equity assets—the combination of higher inflation and lower growth will ultimately suppress stock prices. Gold Technical Analysis Muhammad Umair, an analyst at FX Empire, stated that gold's daily chart remains within an upward channel, with the pullback from $3,500 finding support at $3,200 and recently facing resistance near $3,370 (coinciding with the upper boundary of the rising expanding wedge), with multiple bullish patterns confirming strong upward momentum. The RSI indicator has rebounded near 50 and is approaching overbought territory, indicating solid buying support. However, caution should be exercised regarding RSI bearish divergence and the resistance signal from the upper boundary of the channel, which may trigger short-term pullback risks. If gold effectively breaks through $3,500, the upside target will point towards the $4,000 mark. The 4-hour chart shows a continuation of the upward channel structure, with gold forming a complex compound inverted head and shoulders pattern before breaking above $3,350, suggesting that the next phase is likely to see further upside towards the $3,500 region.

On April 18, the AICE 2025 SMM (20th) Aluminum Industry Conference & Expo, hosted by SMM Information & Technology Co., Ltd. (SMM), co-organized by Zhongyifeng Jinyi Technology (Suzhou) Co., Ltd. and Lezhi County Qianrun Investment Promotion Service Co., Ltd., and sponsored by Shangli County Keyuan Metallurgical Materials Co., Ltd., Press Metal International Ltd., Delta Metal (Holdings) Limited, Jinqiao Light Alloy Technology (Jiangmen) Co., Ltd., and other entities as forum title sponsors, Sunstone Development Co., Ltd. and Shanghai Jialang Industrial Co., Ltd. as forum co-organizers, and supported by various specially invited supporters, conference supporters, conference acknowledgment units, and media partners, successfully concluded at the Suzhou International Expo Center in Jiangsu!

Against the backdrop of global economic recovery, the silver industry chain is ushering in new development opportunities. As one of the important precious metals, silver not only plays a role in value preservation and investment in the financial market, but is also widely used in various fields such as the electronics industry, healthcare, solar cells, and automotive manufacturing due to its excellent conductivity, thermal conductivity, and antibacterial properties. To further promote the sustainable development of the silver industry and strengthen communication and cooperation within the industry, the 2025 SMM (6th) Silver Industry Chain Innovation Conference is planned to be held in May 2025. In recent years, with the increasing global demand for renewable energy and high-tech products, the industrial application demand for silver has significantly increased. At the same time, global economic uncertainties and changes in monetary policies have also prompted more investors to pay attention to silver's safe-haven attributes. As an important global commodity market, the attention to the silver industry chain in Asia, North America, and Europe has gradually increased, with local policies, technological innovations, and market demand changes having a profound impact on the entire industry chain. At this conference, industry peers from both upstream and downstream of the silver industry will focus on various aspects such as mining, processing, trade, investment, and application of silver, comprehensively discussing the challenges faced by the industry and future development opportunities. Click the registration form to sign up immediately, join us in shaping the silver future, gain insights into market trends, and collaborate on chain innovation. See you in Ningbo. Conference Agenda May 15 13:00-15:00 Check-in Silver Regeneration: Closed-door Seminar Exploring Business Opportunities 15:30-17:00 Silver Market Supply and Demand Peak Forum Recommended Companies' Presentations Self-recommended Companies' Presentations Company Free Exchange 18:00-20:00 Silver Industry Chain Banquet Dinner + Awards Ceremony May 16 09:00-09:25 Basic Analysis of the Current Economic Situation Guest Speaker: Yu Yue Hu, Director and Professor, Securities and Futures Research Institute, Beijing Technology and Business University 09:25-09:50 Analysis of China's Copper, Lead, and Zinc Resource Security Capability Guest Speaker: Geng Zuo, Chief Expert, Economic Research Institute, China Minmetals Corporation 09:50-10:15 Analysis of Silver and Gold Price Trends Guest Speaker: Yonghui Liang, Deputy General Manager, Shandong Zhaojin Gold & Silver Refinery Co., Ltd. 10:15-10:40 Current Status and Prospects of Silver Applications in the PV Industry Guest Speaker: Gangqiang Ding, Deputy Chief Engineer and Researcher, CSSC Huanggang Precious Metals Co., Ltd. 10:40-11:05 Current Status and Future Trends of the Silver Market in 2025 Guest Speaker: Huilin Wang, Silver Analyst, SMM Information & Technology Co., Ltd. 11:05-12:00 Current Opportunities and Challenges in the Silver Industry I. Market Trends and Price Volatility (Supply-Demand Balance and Inventory Challenges) II. Technological Innovation and Industry Upgrading (Circular Economy and Resource Recycling) III. Policy and Globalization Challenges (Geopolitics and Trade Policies, Carbon Neutrality and Green Finance) IV. Future Prospects and Industry Appeals (Long-term Vision and Industry Pain Points) Guest Speakers: Yonghui Liang, Deputy General Manager, Shandong Zhaojin Gold & Silver Refinery Co., Ltd. Jing Wu, General Manager, Precious Metals Division, Xilong Scientific Co., Ltd. Bingbing Yao, General Manager, Ningbo Haoshun Precious Metals Co., Ltd. Keliang Zhao, Deputy Chief Engineer, Xi'an Hongxing Electronic Paste Technology Co., Ltd. 12:00-13:30 Buffet Lunch 13:30-13:55 Current Status and Development Trends of China's Silver Nitrate Industry Technology Market Guest Speaker: Chao Wu, Executive Director, Nanyang Silver New Materials Engineering Technology Research Center, Director, Silver Compounds and Materials Preparation Laboratory, Tongbai Hongxin New Materials Co., Ltd. 13:55-14:20 Global Demand and Trends for PV Silver Paste Guest Speaker: Cheng Miao, Marketing Manager, Changzhou Juhe New Materials Co., Ltd. 14:20-14:45 Exploring Cutting-edge Solutions for Innovative PV Silver Recycling Technologies Guest Speaker: Quanfa Zhou, Foreign Academician, Russian Academy of Natural Sciences, Deputy Secretary of the Party Committee and Vice President, Changzhou Institute of Technology 14:45-15:10 Exploring Cutting-edge Technologies and Intelligent Equipment Innovations in Precious Metal Recycling and Refining Guest Speaker: Zhenping Heng, Chairman, Zhengzhou Jinquan Mining and Metallurgy Equipment Co., Ltd. 15:10-15:35 Wet Chemical Method for Producing Silver-Copper Micro-Nano Powder Guest Speaker: Meng Zhang, Director of Powder R&D Department, Suzhou Xinghan New Materials Technology Co., Ltd. 15:35-16:00 The Impact of Silver Powder Morphology on the Conductive Performance of Low-Temperature Silver Paste Guest Speaker: Zhijie Gu, Technical Consultant, Quanda New Materials (Ningbo) Co., Ltd. 16:00-16:25 Application Technology of Micro-Nano Powder for Low-Temperature Process PV Cell Metallization Guest Speaker: Jianwei Wang, Deputy General Manager, Youyan Nanowei New Materials (Beijing) Co., Ltd. 16:25-16:50 Development and Application Research of Silver-Based Micro-Nano Conductive Materials Guest Speaker: Hongwei Yang, Director and Director, Yunnan Precious Metals Laboratory Co., Ltd., Guiyan Chemical Materials (Yunnan) Co., Ltd. Scan the QR code to register immediately 2025 SMM (6th) Silver Industry Chain Innovation Conference

Did you know? The leftover coconut shells after drinking coconut water can actually be transformed into battery materials! Today, let's uncover how coconut shells are step-by-step turned into the "heart" of a sodium-ion battery—the hard carbon anode.

【Live Broadcast of the Copper Industry Conference: Prospects for New-Type Power Systems, Copper Wire Rods, and Copper Billets, Latest Technology Sharing, and Discussion on Innovation in Copper Industry Production and Finance】 ►Development Trends of Copper-Based Materials for Winding Wires in the Motor and Transformer Industry ►Prospects for the Development of New-Type Power Systems by 2025 ►Reflections on the Development of China's Wire and Cable Industry ►Green Upgrading of the Electromagnetic Wire Industry in the Context of the New Energy Market ►Impact of the Current Status of the PV Industry on the PV Cable Market ►Building a Service Ecosystem for the Copper Industry to Address Industry Pain Points ►Market Analysis and Future Prospects for Copper Wire Rods in 2025 ►Supply-Demand Pattern and Development of Copper Billets in 2025

【Live:】 ►Copper Anode Made from Scrap Becomes a Key Supplement to Copper Smelting Raw Materials Amid Copper Ore Shortage ►Application of Secondary Copper in Copper Foil Enterprises ►Case Study: Empowering the Development of Non-Ferrous Metal Industry through National Land Port Logistics Hub—Taking Yingtan International Land Port as an Example ►Roundtable Discussion: How to Better Promote the High-Quality Development of the Secondary Copper Industry—Supply and Consumption ►Global Copper Foil Industry Landscape and Market Outlook for 2025 ►Roundtable Discussion: How to Enhance New Quality Productive Forces and Drive High-Quality Development of Copper Processing Enterprises?

At the CLNB 2025 (10th) New Energy Industry Chain Expo - Low-Altitude Economy Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Chen Congxi, Director of the Low-Altitude Economy Committee and Researcher at the Aircraft Owners and Pilots Association of China, introduced the topic of "Solutions for the Development of Urban Low-Altitude Economy."