The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the on-site launch 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 deployments and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition among technology routes, 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 procurement applications for electrification materials and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, BEST 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. Booth No.: B04 BEST (300580), founded in 1997, is a national-level high-tech enterprise. With total corporate assets exceeding 3.9 billion yuan and more than 2,000 employees, it stands as a leading enterprise in the field of intelligent precision manufacturing. Wuxi Best Precision Machinery Co., Ltd. (Stock Code: 300580), founded in 1997, is a national-level high-tech enterprise. With corporate total assets exceeding 3.9 billion yuan and more than 2,000 employees, standing as a leading enterprise in the field of intelligent precision manufacturing. With nearly 30 years of in-depth dedication to precision intelligent manufacturing, BEST has established three key business segments: First, R&D and manufacturing of precision parts, intelligent equipment, and tooling fixtures; Second, core components for NEVs, hydrogen fuel cells, energy storage systems, and liquid cooling systems of computing power centers; Third, linear motion functional components for industrial machine tools, humanoid robots, and other industries, fully covering core high-end manufacturing tracks. With nearly 30 years of in-depth dedication to precision intelligent manufacturing, Wuxi Best have established three key business segments: first, the R&D and manufacturing of precision components, intelligent equipment and tooling fixtures; second, key parts for new energy vehicles, hydrogen fuel cells, energy storage systems and liquid cooling systems of computing power centers; third, linear motion functional components for industrial machine tools, humanoid robots and other industries, fully covering core high-end manufacturing tracks. The company has established three modern production sites in Wuxi, Anhui, and Thailand. Leveraging the coordinated development of four major industry chain sectors—tooling, casting, precision processing, and intelligent manufacturing—it has built competitive advantages across the entire industry chain, with annual revenue exceeding 1.5 billion yuan. Its clients span the globe, including renowned enterprises such as Garrett, Cummins, and BMW. In 2024, BEST invested and established BYH New Technology Co., Ltd. in Amata City Industrial Estate, Chon Buri, Thailand, covering an area of 80,000 m², with a focus on high-end casting and precision processing to accelerate its expansion outside China. The company has built three modern production bases in Wuxi, Anhui and Thailand. Supported by the coordinated development of four major industrial sectors including tooling, casting, precision processing and intelligent manufacturing, it has formed full-industry-chain competitive advantages with annual operating revenue exceeding 1.5 billion yuan. Its global clients include renowned enterprises such as Garrett, Cummins and BMW. In 2024, Best invested and established BYH New Technology Co., Ltd. in Amata City Industrial Estate, Chon Buri, Thailand. Covering an area of 80,000 square meters, the subsidiary focuses on high-end casting and precision processing to accelerate overseas business expansion. Main Products Adhering to the philosophy of precision craftsmanship and intelligent manufacturing, and backed by mature processes, stringent quality control, and intelligent production lines, the company offers customized products and integrated intelligent manufacturing solutions. We sincerely invite global clients to discuss cooperation for mutual development! Adhering to the philosophy of exquisite craftsmanship and intelligent manufacturing, the company provides customized products and integrated intelligent manufacturing solutions backed by mature technologies, strict quality control and intelligent production lines. We sincerely welcome global business partners to discuss cooperation and seek win-win development! Contact Information Contact Contact Us Yan Caowei 15618581967

"Tin" Leads the Future: Industrial Transformation and Value Reshaping in a New Cycle **Conference Background** Currently, the global tin industry stands at a historic turning point, where traditional cyclical logic has been fundamentally disrupted and strategic value has become fully prominent. The tin market in 2026 presents an unprecedented complex pattern and profound transformation: **I. Deep Restructuring of the Supply-Demand Pattern with Unprecedented Elevation of Strategic Attributes** The global static reserve-to-production ratio of tin resources is only 14 years, with scarcity becoming increasingly prominent. The supply side faces "triple pressures": repeated setbacks in Myanmar's production resumptions, continued tightening of Indonesian policies, and elevated geopolitical risks in the DRC — resource constraints have become the new normal. Meanwhile, the demand structure has undergone a fundamental shift, and tin has become a strategic resource connecting traditional manufacturing with the digital future. **II. Price System Breaking Historical Records with the Industrial Ecosystem Facing Reshaping** In early 2026, SHFE tin prices broke through 470,000 yuan/mt, hitting a record high. This price breakthrough is not only a reflection of supply-demand imbalance but also a hallmark of value reassessment for the tin industry. Traditional trade models, risk management systems, and supply chain collaboration approaches all urgently require innovative breakthroughs. **III. Technology-Driven and Green Transformation Fostering a New Symbiotic Ecosystem** Digital and intelligent technologies are deeply empowering the tin industry chain. The global green transformation requires the tin industry to upgrade toward low-carbonisation and circular economy models, making recycled tin recovery and green smelting processes an inevitable path. All segments of the industry chain must shift from competition to collaboration, building an open, resilient, and innovative symbiotic system. Against this backdrop, the 2026 SMM (16th) Tin Industry Chain Conference , to be held on August 19-21 in Changsha, Hunan , will bring together global industry elites for in-depth discussions. Dongguan Tenghui Tin Co., Ltd. will attend this grand event, joining industry peers to explore industry development trends and work together to propel the tin industry to new heights. Click the to register now. Join us in witnessing and participating in this extraordinary and far-reaching industry event, and together create a brilliant new chapter! Founded in 2009, Tenghui Tin is located in Dongguan, Guangdong Province. Since its establishment, the company has been dedicated to refined production and deep processing in the solder tin industry. With high-quality products, outstanding reputation, and excellent services, it has earned widespread industry recognition and has grown into a reliable and trusted producer in the industry. Tenghui Tin boasts a professional management team and production team, and has established long-term, stable cooperative relationships with suppliers across the country. The company adheres to reasonable pricing, trustworthiness, and contract compliance, winning the trust of a broad client base. We possess the most comprehensive production equipment and process flows in the industry, with daily refined tin output reaching 30 mt. We are equipped with advanced detection equipment such as desktop Spectro direct-reading spectrometers and handheld spectral guns, enabling us to provide clients with professional detection services. In terms of corporate culture, Tenghui Tin Industry upholds the mission of "cooperating with sincerity, operating with integrity, pursuing excellence in business, dedicating to environmental protection, and becoming China's most professional non-ferrous metal resource recycling enterprise." We pursue excellence, value every detail, and are committed to providing clients with satisfactory value-added services and high-grade products. Every employee of the company understands that clients are the source of our livelihood, and their attention and patronage are the greatest reward for us. We advocate integrity, innovation, quality, and service, always centering on clients. Through continuously improving our technical capabilities and service quality, we strive to provide clients with the best solutions. Tenghui Tin Industry is not merely a producer, but also a socially responsible enterprise. We are dedicated to environmental protection and hope to make positive contributions to society and the environment through our efforts. Whenever you need, just one supply call and we will come to serve you in the shortest time possible. We welcome all organizations, companies, enterprises, and individuals to come and discuss cooperation and inquire about prices. We look forward to joining hands with you to create a bright future together. Main business: Production and sales of national standard white board refined tin, foil tin, 305 tin materials, standard-compliant tin-copper, 0307 tin materials, 63/37 tin materials, national standard silver board, and other products. Contact Information Liao Huaiqing 13714200395 Liao Guoxiong 13828701483 Long press to scan the code and register now 2026 SMM (16th) Tin Industry Chain Conference

Indian steelmakers have faced ongoing difficulties in procuring metallurgical coke since the country introduced import restrictions, with major producers such as JSW Steel and ArcelorMittal Nippon Steel India also raising concerns. Data showed India’s metallurgical coke imports fell 21% year on year in 2025 to 3.81 million tons, with supplies mainly coming from China, Indonesia, Poland, Japan, and Switzerland.

One of the core objectives of the Indonesia-Philippines nickel corridor is to better connect Philippine ore resources with Indonesia’s downstream processing capacity. The report said the arrangement could strengthen feedstock security for Indonesia’s expanding HPAL and refining system, while giving the Philippines a faster route to benefit from higher-value regional exports through Indonesia’s processing hub. The initiative is also seen as a signal that Southeast Asia is seeking stronger bargaining power in the global nickel and EV battery supply chain.

Indonesia and the Philippines have formally launched a “nickel corridor” initiative during a high-level business roundtable in Cebu. The report said the cooperation is being advanced by APNI and PNIA and will focus on data sharing, cross-border investment, and ESG alignment, with the aim of moving both countries beyond raw material exports toward a more coordinated regional nickel supply chain.

Some Indonesian RKEF operations could swing into loss-making if the new HPM benchmark pricing mechanism is fully passed through downstream. The report said the revised Harga Patokan Mineral formula could reset the nickel cost curve higher across the industry, while ongoing supply-chain disruption may further reshape margin distribution in Indonesia’s nickel sector. It added that producers with stronger cost positions and integrated operating models are likely to remain better insulated, while broader margin pressure across the sector could ultimately support a supply-led recovery in nickel prices.

[SMM Stainless Steel Daily Review] SS Futures Strengthened, Stainless Steel Spot Prices Remained Firm with Inquiries and Transactions Boosted SMM, May 25: SS futures continued to hold up well. Driven by the overall strength of non-ferrous metal futures and SHFE nickel, SS futures rose in tandem. As of the midday close, the most-traded SS contract was quoted at 14,805 yuan/mt. In the spot market, buoyed by the slight uptick in futures, spot quotes remained firm, with both market inquiries and transaction activity improving. However, the current macro environment still carried significant uncertainties, steel mill production schedules stayed high, and the traditional off-season was gradually approaching, intensifying industry participants' concerns about the market outlook. The most-traded SS contract held up well. At 10:15 AM, SS2605 was quoted at 14,860 yuan/mt, up 60 yuan/mt from the previous trading day. Spot premiums for 304/2B in the Wuxi area were in the range of 310-710 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coils in Wuxi remained stable with a downward bias; for cold-rolled trimmed-edge 304/2B coils, Wuxi remained stable and Foshan's average price held steady; cold-rolled 316L/2B coils in the Wuxi area fell 50 yuan/mt; hot-rolled 316L/NO.1 coils in Wuxi dropped 175 yuan/mt; cold-rolled 430/2B coils in both Wuxi and Foshan remained stable. This week, the stainless steel market saw both futures and spot prices fluctuate within a stable range. Futures movements were mainly driven by industry news and expectations, with limited overall fluctuations. Market sentiment was divided — traders held a cautious stance, but downstream end-user just-in-time procurement remained resilient. Combined with traders' active shipments, market supply continued to be absorbed, with the overall situation showing...

According to SMM data, on May 25, the FOB price of Indonesian MHP nickel rose $29/mt Ni WoW, and the FOB price of Indonesian MHP cobalt rose $20/mt Co. The FOB price of Indonesian high-grade nickel matte fell $37/mt Ni.

On May 25, the SMM battery-grade nickel sulphate average price remained stable.

[SMM Tin Midday Review: Newly Appointed Fed Chairman Reaffirmed Inflation Bottom Line Upon Taking Office, the Most-Traded SHFE Tin Contract Opened Higher Then Pulled Back]