[SMM Data: Complete Summary of SMM March 2026 Import and Export Data] SMM March 2026 import and export data showed: copper cathode net imports were lower YoY; primary aluminum imports reached 255,000 mt, up 14.8% YoY; refined lead imports surged significantly; zinc ingot imports were up 220% MoM; tin ore imports were up 122% YoY; silver imports were up 93% MoM; steel exports rebounded MoM; PV module export value was up 122.7% MoM; silicon metal exports were up 43% MoM, and magnesium exports hit a multi-year high. Among new energy materials, exports of LiPF6 and artificial graphite surged significantly.

[SMM Copper Import & Export Data] According to customs data, copper cathode imports in March 2026 totaled 234,600 mt, up 53.33% MoM but down 24.03% YoY; cumulative imports were down 29.79% YoY. Copper cathode exports totaled 58,200 mt, down 25.6% MoM and down 14.4% YoY, while cumulative exports were up 95.59% YoY.

[CATL's standardized battery swapping model, "Chocolate," will be launched in Hong Kong, with plans to establish 10 battery swapping stations by the end of next year] CATL's subsidiary, Contemporary Amperex Service Technology Co., Ltd. (CAES), and Contemporary Amperex Technology Xiaoju New Energy Technology Co., Ltd., along with China FAW Group Import & Export Co., Ltd. and Longsheng New Energy Holdings Limited, signed a strategic cooperation agreement in Hong Kong, announcing the joint promotion of the large-scale application of battery swapping-enabled commercial vehicles in Hong Kong and the simultaneous initiation of the construction of battery swapping infrastructure in Hong Kong. The four parties have clear divisions of labor: FAW is responsible for car model development and after-sales support, CAES is responsible for battery asset operation and recycling, Contemporary Amperex Technology Xiaoju New Energy Technology Co., Ltd. provides digital operation support for battery swapping stations, and Longsheng New Energy is responsible for local infrastructure construction and vehicle promotion. According to the cooperation plan of the relevant parties, 10 stations will be established by the end of 2026, forming a battery swapping network covering all districts of Hong Kong.

Battery China has learned that Complant International Limited, a subsidiary of SDIC Group, recently announced a plan to acquire 100% equity of China National Technical Import & Export Corporation Jiangsu Clean Energy Co., Ltd. (hereinafter referred to as "CNTIC Jiangsu") held by China National Technical Import & Export Corporation (hereinafter referred to as "CNTIC") through the issuance of shares. This move signifies that the traditional export enterprise of complete equipment will "cross over" into the ESS sector. It is understood that Complant International Limited is a holding company of China National Complete Plant Import & Export Corporation, with the SASAC of the State Council as its actual controller. Its main businesses include the export of complete equipment and engineering contracting, environmental technology, and composite material production. Relevant analysts believe that Complant International Limited's cross-border acquisition of ESS assets is directly related to the continuous pressure on its performance in recent years. According to the data, from 2019 to 2024, Complant International Limited has suffered substantial losses in net profit after deducting non-recurring gains and losses for six consecutive years, with a total loss exceeding 900 million yuan from 2022 to 2024.

SMM Information & Technology Co., Ltd. (SMM) has been deeply involved in the non-ferrous metals industry for 26 years. The SMM spot prices have been recognized by 400,000 enterprises across the entire manufacturing industry chain, spanning from mines, smelting, trading, processing, end-users, to recycling, and are used as transaction settlement prices. As an independent third-party quotation platform in the non-ferrous metals industry, SMM adheres to the principles of "fairness, impartiality, and openness". The SMM spot prices (SMM prices) reported on each trading day are highly and widely recognized by the industry. For many years, SMM prices have been a crucial indicator directly used or referenced for transaction settlements in the industry. All of this is attributed to the price submitters, who, with their professionalism, have laid a solid foundation for transparent and credible pricing in the industry. Whether it's cautious analysis in the face of price fluctuations or rapid responses to industry demands, these enterprises have consistently upheld professionalism as their bond and industry mission as their driving force. They have provided SMM and global users with authentic, timely, and authoritative price references, making every quotation a "beacon of value" in the market. To better serve the rare earth industry and express gratitude for the strong support from all price submitters, on May 29th, at the 2025 SMM (2nd) Rare Earth Industry Forum hosted by SMM, a grand plaque awarding ceremony was held for the 2025 SMM Rare Earth Price Excellent Price Submitters ! 2025 SMM Rare Earth Price Excellent Price Submitters Baotou Huaxing Rare Earth Technology Co., Ltd. Baotou Tianhe Magnetics Technology Co., Ltd. Baoding Mancheng Huabao Rare Earth Co., Ltd. Beifang Zhongxin Antai New Materials (Inner Mongolia) Co., Ltd. Dingnan Dahua New Materials Resources Co., Ltd. Fujian Golden Dragon Rare-Earth Co., Ltd. Gansu Rare Earth New Materials Co., Ltd. Ganzhou Bulaiter New Resources Co., Ltd. Ganzhou Chenguang Rare Earth New Materials Co., Ltd. Ganzhou Chengzheng Rare Earth New Materials Co., Ltd. Guangdong Rising Nonferrous Metals Import & Export Co., Ltd. Hunan Rare Earth Metal Materials Research Institute Co., Ltd. Ji'an Xintai Technology Co., Ltd. Jiangsu Guoyuan Rare Earth New Materials Co., Ltd. Ningbo Funeng Rare Earth New Materials Co., Ltd. Shanghai Yuxiao Rare Earth International Trade Co., Ltd. Sichuan Leshan Ruifeng Metallurgy Co., Ltd. Yongxiu County Ganyu Nonferrous Metals Recycling Co., Ltd. China Rare Earth (Guangxi) Jinyuan Rare Earth New Materials Co., Ltd. China Rare Earth PT Timah New Materials Technology Co., Ltd. (The above-mentioned award-winning enterprises are listed in no particular order.) SMM Executive Vice President Zhou Bo presented awards to the above-mentioned award-winning enterprises~ SMM hereby expresses its gratitude to the above-mentioned enterprises for their support and assistance. We also welcome more enterprises to participate and contribute to the healthy development of the rare earth industry chain~ 》Click to view the special report on the 2025 SMM (2nd) Rare Earth Industry Forum

SMM News on May 19: To accelerate technological innovation in electrical insulation materials and integrate industry resources, and to drive the motor industry towards greater efficiency and safety, on May 17, 2025, Fan Cui, Director of the Motor Division at SMM Information & Technology Co., Ltd. (SMM), visited Henan Ya'an Insulation Materials Co., Ltd. for an on-site inspection. She engaged in in-depth discussions with Mu Hong, the company's General Manager, and the technical team to explore new paths for technological upgrades in insulation materials and collaborative development of the industry chain. With the rapid development of new energy vehicles (NEVs), ultra-high voltage power grids, and high-end equipment manufacturing, the motor industry has placed higher demands on the heat resistance, environmental protection, and reliability of insulation materials. As a leading enterprise in the domestic insulation materials sector, Henan Ya'an has long been deeply involved in the R&D of environmentally friendly insulation products such as insulation varnishes and composite insulation papers. During this exchange, SMM gained an in-depth understanding of Ya'an Insulation's development history. Both sides engaged in in-depth discussions on topics such as the market prospects of the motor industry and conducted an on-site visit to Ya'an Insulation's production workshop. This visit not only strengthened mutual trust and understanding between the two sides but also laid a solid foundation for future cooperation. SMM and Ya'an Insulation will jointly enhance the competitiveness of the industry chain and drive industry innovation and upgrades. Both sides agreed to take this exchange as an opportunity to explore more cooperation possibilities, achieve mutual benefit and win-win results, and inject new momentum into the high-quality development of the motor insulation industry. Henan Ya'an Insulation Materials Factory Co., Ltd. Ya'an Insulation – The Insulation Expert by Your Side Henan Ya'an Insulation Materials Factory Co., Ltd. is a specialized and modern producer of electrical insulation materials. It was founded in 1986. In 2009, it acquired Xuchang Wenfeng Insulation Materials Factory. In 2015, the company invested in establishing "Xuchang Ya'an Insulation Import & Export Co., Ltd.", and in 2018, it invested in establishing "Henan Ya'an Power Technology Co., Ltd." in the provincial capital, Zhengzhou. In 2020, it invested in establishing "Xuchang Ya'an Electrical Insulation Varnish Factory Co., Ltd." Over the past three decades, riding on the wave of China's economic boom, the company has continued to grow, forming a comprehensive production and quality control system for detection. Its products cover six major categories, including over 50 individual products in the electrical insulation varnish series, electrical insulation flexible composite materials series, insulation resin-impregnated fiber products series, diamond-patterned adhesive-coated insulation products series, insulation binding products series, and electrical polyester fiber non-woven fabric series. These products are widely used in the electrical industry, including transformers, instrument transformers, reactors, and generators. The company's insulation systems are B\F\H-class insulation systems certified by the US UL (UL File Number: E310670), and some of its products have passed the EU REACH certification and EU ROHS environmental protection certification. In 2000, the company obtained the "ISO9001 International Quality Management System" certification. In 2017, the company obtained the "High-tech Enterprise in Henan Province" certification. Currently, the company holds 38 invention patents and utility model patents. In 2019, the company obtained the "ISO45001 Occupational Health and Safety Management System" certification. In 2020, the company obtained the "IATF16949 International Automotive Industry Technical Specification" certification. In 2021, the company obtained the "Specialized, Sophisticated, Unique, and New" enterprise certification. In 2021, the company was awarded the title of "Invisible Champion" enterprise in Xuchang's manufacturing industry. SMM Contact Person : Cui Fan Tel: 13816522387 Email: fancui@smm.cn

In May 2025, China Dongfeng Motor Industry Import & Export Co., Ltd., a subsidiary of Dongfeng Motor Group, delivered the first 30 units out of the initial batch of 89 50-mt dump trucks to the Chalco Boffa Bauxite Project in Guinea, completing the delivery 20 days ahead of schedule. This project is a key initiative for China and Guinea to jointly develop bauxite resources, and the vehicles will be used for bauxite mining and transportation. Dongfeng Motor also plans to establish specialized service stations near the project site to provide round-the-clock technical support and maintenance services, ensuring the efficient operation of the equipment.

In May 2025, China Dongfeng Motor Industry Import & Export Co., Ltd., a subsidiary of Dongfeng Motor Group, delivered the first 30 units out of the initial batch of 89 50-mt dump trucks to the Chalco Boffa Bauxite Project in Guinea, completing the delivery 20 days ahead of schedule. This project is a key initiative for China and Guinea to jointly develop bauxite resources, with the vehicles to be used for bauxite mining and transportation. Dongfeng Motor also plans to establish specialized service stations near the project site, providing round-the-clock technical support and maintenance services to ensure the efficient operation of the equipment.

[SMM Focus: South Korea Continues to Impose Anti-Dumping Measures on Stainless Steel Plate and Coil from China] On May 16, 2025, the Ministry of Strategy and Finance of South Korea issued Order No. 1126, continuing to impose anti-dumping duties for a period of five years on flat-rolled products of stainless steel with a thickness not exceeding 8 millimeters originating from the Chinese mainland, Indonesia, and Taiwan, China (see Appendix I for details). The anti-dumping duty rates for the Chinese mainland range from 23.69% to 25.82%. Meanwhile, the Ministry of Strategy and Finance reached price undertakings with some suppliers (see Appendix II for the list of suppliers), and anti-dumping duties will not be imposed on suppliers that fulfill their price undertakings.

At 17:00 on April 18, 2025, the AICE2025 SMM 20th Aluminum Industry Conference & Aluminum Industry Expo (hereinafter referred to as "AICE Aluminum Industry Expo") successfully concluded at the Suzhou International Expo Center! What were the exciting highlights at the AICE 2025 Aluminum Industry Expo? Today, Xiao A brings you an exclusive "Post-Exhibition Report," using hardcore data to comprehensively and multi-dimensionally recreate the splendid moments of this aluminum industry feast! AICE: Clients Within Reach 01 AICE's lineup of exhibitors... 02 AICE Exhibitor Analysis 03 AICE Exhibitors' Voices 04 AICE Analysis of Domestic Visitors This year's domestic visitors covered 27 provinces across the country, with Jiangsu Province having the most visitors, accounting for 34.77%. The top 10 provinces for domestic visitors were: Jiangsu, Shanghai, Henan, Shandong, Zhejiang, Guangdong, Jiangxi, Hubei, Hebei, and Shanxi. The main business types of professional visitors were processing, end-users, trading, and equipment. Among them, processing accounted for the largest proportion at 23.34%. Professional visitors with decision-making or purchasing authority accounted for over 51.42%. 05 What are the benefits of visiting AICE? 06 Review of AICE Concurrent Forums 07 AICE's Interactive Highlights! AICE Shining Brightly! The AICE 2025 Glory Ceremony 2025 SMM China Aluminum Industry Meritorious Figures Rising Star Award Huang Kaiju, Shanghai Giant Alloy Materials Recycling Co., Ltd. Kuang Manxing, Guangdong Hongjin New Materials Group Co., Ltd. Huang Fen, Fen'an Aluminum Industry Co., Ltd. Pan Baowen, Guangdong GoldEx Light Alloy Co., Ltd. Cornerstone Award Cheng Shuai, CSMET Group Cui Lixin, Shandong Innovation Group Co., Ltd. Shen Jianguo, Yongjie New Materials Co., Ltd. Li Wei, Henan Shenhuo Group Co., Ltd. Huo Bin, Yidian Holding Group Co., Ltd. Shangmei Network/Shangqing Times Metal Information Consulting (Beijing) Co., Ltd. Dong Chunming Taishan Award Peng Baotai, Jiangxi Baotai Nonferrous Metals Group Co., Ltd. Ma Tingyi, Henan Mingtai Aluminum Industry Co., Ltd. Wang Zhenjian, Chongqing Shunbo Aluminum Alloy Co., Ltd. Lifetime Achievement Award Wang Zitao, Lw Aluminum Processing Technology Center Yuan Yongda, Shanghai Aluminum Industry Association Wen Xianjun, China Nonferrous Metals Industry Association, Shandong Aluminum Industry Association Li Shilong, China Technology Innovation Strategic Alliance for Resources Recycling Industry (CIAR) Zhang Shangen, Suzhou Die Casting Association Lu Jiyan, Guangdong (Nanhai) Aluminum Processing Industry Alliance 2025 SMM Top 20 China Aluminum Scrap Suppliers Double Win Industries INC Aleris Renewable Resources (Tianjin) Co., Ltd. Foshan Haoyi Metal Materials Co., Ltd. Foshan Xinshenghao Aluminum Industry Co., Ltd. Guangdong Sunrise Heavy Rising Metal Import & Export Co., Ltd. Kunshan Tenglin Material Recycling Co., Ltd. Nan'an Quanli Metal Co., Ltd. Ningbo Chengyuan Metal Co., Ltd. Ningbo Gongyi Alloy Materials Co., Ltd. Ningbo Jinmai Lvyi Metal Materials Co., Ltd. Ningbo Jinxin Trading Co., Ltd. Ningbo Qilin Metal Materials Technology Co., Ltd. Ningbo Tongsheng New Materials Co., Ltd. Qingyuan Yuxiang Metal Technology Co., Ltd. Shantou Fujiu Renewable Resources Recycling Co., Ltd. Shanghai Humin Renewable Resources Co., Ltd. Shanghai Giant Alloy Materials Recycling Co., Ltd. Tianjin Sinone Renewable Resource Co., Ltd. Zhejiang Sansheng Metal Technology Co., Ltd. Zhejiang Zhelv New Energy Co., Ltd. 2025 SMM Top 20 China Aluminum Alloy Ingot Traders Chixin Supply Chain Management (Guangdong) Co., Ltd. Foshan Xiangneng Dazheng Trading Co., Ltd. Foshan Xinshenghao Aluminum Industry Co., Ltd. Meiyin Ruijing (Ningbo) Aluminum Industry Co., Ltd. Ningbo Donghui International Trade Co., Ltd. Ningbo Haitian Tongchuang Industrial Co., Ltd. Ningbo Kaitong Industry Co., Ltd. Ningbo Yingbang Import & Export Co., Ltd. Ningbo Xinglu Environmental Protection Technology Co., Ltd. Xiamen Heyu Trading Co., Ltd. Shanghai Sanquan Industrial Co., Ltd. Shanghai Wurui Metal Group Co., Ltd. Shangkuang Aluminum Industry Co., Ltd. Shendiao (Ningbo) Metal Trading Co., Ltd. Suzhou Jintian Import & Export Co., Ltd. Wuxi Shijiu Aluminum Industry Co., Ltd. Wuchan Zhongda International Group Co., Ltd. CSIC Material Trade Group Guangzhou Co., Ltd. Zhongshan Hongfa Metal Co., Ltd. Zhongshan Zhichen Metal Materials Co., Ltd. 2025 SMM Glow of Nonferrous Metals Five Years Together, Weathering Storms and Sailing Side by Side; Five Consecutive Years of Hand-in-Hand Cooperation and Seamless Collaboration We would like to express our sincerest gratitude to the following companies for their unwavering support and sincere collaboration over the past five years. We look forward to continuing to work together in the future and embarking on new journeys! Anhui Huachuang Environmental Protection Equipment Technology Co., Ltd. Baoding Anbaoneng Metallurgical Equipment Co., Ltd. Ta Cheng Metal (Holdings) Limited Dongyang Meichen Industry and Trade Co., Ltd. Fen'an Aluminum Industry Co., Ltd. Fuzhou Metallurgical New High Temperature Materials Co., Ltd. Gränges Aluminium (Shanghai) Co., Ltd. Guangdong Hongbang Metal Aluminum Co., Ltd. Guangdong Hongjin New Materials Group Co., Ltd. Guangdong Jianmei Aluminum Profile Factory (Group) Co., Ltd. Guangdong GoldEx Light Alloy Co., Ltd. Guangdong Juchen Equipment Technology Co., Ltd. Press Metal International Ltd. Hebei New Lizhong Nonferrous Metals Group Co., Ltd. Hubei Xinjinyang Resources Group Co., Ltd. Hunan InnoChina Advanced Materials Co., Ltd. Jiangsu Dingsheng New Energy Materials Co., Ltd. Jiangsu Haiguang Metal Co., Ltd. Jiangsu Yatai Light Alloy Technology Co., Ltd. Jiangxi Baotai Nonferrous Metals Group Co., Ltd. Jiangxi Jinli Urban Mining Co., Ltd. Kin Kiu Aluminum Group Calderys Refractories (China) Co., Ltd. Lanxi Boyuan Metal Co., Ltd. Luoyang Longding Aluminum Industry Co., Ltd. Nantong Zhongfu New Materials Technology Co., Ltd. Xiamen Xiashun Aluminum Foil Co., Ltd. Shandong Hongchuang Aluminum Holdings Co., Ltd. Shandong Lixin New Materials Co., Ltd. Shanxi Keyuan Carbon Co., Ltd. Shanghai Giant Alloy Materials Recycling Co., Ltd. Suzhou Norida New Materials Technology Co., Ltd. Vesuvius Foundry Technologies (Jiangsu) Co., Ltd. Wenxi County Kailida Trading Co., Ltd. Wuxi Pinsheng Metal Products Co., Ltd. Wuxi City Lunsheng Materials Co., Ltd. Xuzhou Jieke Aluminum Industry Co., Ltd. Xuzhou Tianyi Metal Flux Factory Xuzhou Yongsheng Metallurgical Materials Co., Ltd. Zhaoqing Southern Aluminum Recycling Co., Ltd. Zhejiang Lanwei Environmental Protection Technology and Equipment Co., Ltd. Zhongyi Fengjinyi (Suzhou) Technology Co., Ltd. Zhongzhu New Materials Industry (Jiangsu) Co., Ltd. Chongqing Jiantao Aluminum Industry Co., Ltd. Chongqing Shunbo Aluminum Alloy Co., Ltd. AICE 2026 SMM (21st) Aluminum Industry Conference & Aluminum Industry Expo See you next April!