On August 14, Xingye Silver&Tin's share price fell. As of 10:24 on August 14, Xingye Silver&Tin was down 1.58% at RMB37.28/share. In response to the question "What is the construction progress of Atlantic Tin?", Xingye Silver&Tin said on the interactive platform on August 13 when answering an investor's question, the Atlantic Tin project is currently advancing preliminary work such as construction of the explosives magazine, engineering surveys and preparations for equipment transportation. Construction teams have entered the site for preliminary preparations, and the project is expected to officially start construction in Q4. When asked "I have repeatedly suggested that the company's underground mining use tunnel boring machines to transform them into mineral excavation equipment. Does the company have any ideas or plans in this regard? Why has it not logged in on the interactive platform? Thank you!", Xingye Silver&Tin said on the interactive platform on August 13 that the company had carried out early-stage evaluation and feasibility studies on the application of tunnel boring machines and currently has no relevant implementation plan. On August 6, Xingye Silver&Tin said on the interactive platform in response to investor questions that the company takes deeply cultivating its main business and steady operations to consolidate intrinsic value as the foundation of its market value management, continues to optimize internal control and standardize information disclosure, carries out regular public opinion monitoring and responses to market concerns, promptly clarifies false rumors, keeps online and offline investor communication channels open, objectively conveys the company's long-term development value, and protects the right to information and legitimate rights and interests of minority shareholders in all respects. On August 6, Xingye Silver&Tin said on the interactive platform in response to investor questions that the company always adheres to a prudent cash dividend policy, continues to reward all shareholders with stable cash returns, and effectively safeguards the long-term interests of minority shareholders. On August 6, Xingye Silver&Tin said on the interactive platform in response to investor questions that the company will strictly implement its primary responsibility for production safety, strengthen the defense line for safe development, improve its inherent safety level, and address shortcomings in safety management. A progress announcement issued by Xingye Silver&Tin on July 31 regarding a safety incident at its subsidiary showed that on July 30, 2026, Yinman Mining received the On-site Handling Measures Decision ((Xi) Emergency On-site Decision (2026) No. 260) issued by the West Ujimqin Banner Emergency Management Bureau, requiring the simultaneous suspension of Yinman Mining's mineral processing and tailings systems. As of the disclosure of this announcement, both Yinman Mining's mining system and its mineral processing and tailings systems had been suspended. The specific circumstances of the incident disclosed by Xingye Silver&Tin showed that at about 15:30 on July 26, 2026, an accident occurred during underground production and construction at the mine of the company's wholly owned subsidiary, West Ujimqin Banner Yinman Mining Co., Ltd., causing one death and no injuries. After the accident, Yinman Mining suspended production in the underground mining area in accordance with the On-site Handling Measures Decision ((Xi) Emergency On-site Decision (2026) No. 257) issued by the West Ujimqin Banner Emergency Management Bureau. Regarding the impact on the company's production, operations and results: Yinman Mining is mainly engaged in the mining, processing and sale of nonferrous metals including silver, tin, copper, lead and zinc, with a production scale of 1.65 million mt/year. In 2025, Yinman Mining recorded operating revenue of RMB3,062.0434 million, accounting for 55.12% of the company's consolidated operating revenue, and net profit of RMB1,346.2785 million. In Q1 2026, Yinman Mining recorded operating revenue of RMB961.5985 million, accounting for 45.15% of the company's consolidated operating revenue, and net profit of RMB474.7488 million. The cause of the accident and the cause of the death are still under investigation, and Yinman Mining will fully cooperate with the accident investigation and subsequent work. Since the duration of Yinman Mining's production suspension cannot be determined at present, the impact of the suspension on the company's current-period and full-year results cannot be accurately estimated for the time being. The company will perform its information disclosure obligations in a timely manner according to the progress of the accident investigation and relevant regulations, and investors are reminded to pay attention to investment risks. In terms of results, Xingye Silver&Tin earlier disclosed its semi-annual results forecast in the evening, showing that it expects net profit attributable to the parent company of RMB2.14 billion to RMB2.37 billion in H1 2026, up 168.95%-197.86% YoY. Regarding the reasons for the change in results, Xingye Silver&Tin said: 1. Yubang Mining's capacity was gradually released, and ore-derived silver production and sales increased significantly YoY. 2. During the reporting period, affected by factors such as the macroeconomic environment and changes in market demand for products, the selling prices of the company's main mineral products such as silver and tin rose from the year-earlier period. 3. During the reporting period, the company transferred a 60% equity interest in Shuangyuan Nonferrous Metals; the equity transfer resulted in non-recurring gains of RMB454 million. The company realized investment income of RMB321 million. Since Shuangyuan Nonferrous Metals was originally a loss-making enterprise with excessive losses, the equity transfer increased the parent company's deductible losses, which in turn reduced income tax expense by RMB133 million. Xingye Silver&Tin's 2025 annual report showed that in 2025, the company recorded operating revenue of RMB5,555.2536 million, up 30.09% YoY; total profit of RMB2,096.2370 million, up 18.75% YoY; and net profit attributable to shareholders of the listed company of RMB1,704.2393 million, up 11.40% YoY. An announcement by Xingye Silver&Tin showed that in 2025, the proportions of the company's main mineral product revenue in total operating revenue were as follows: ore-derived silver RMB2,175.7825 million, accounting for 39.17%; ore-derived tin RMB1,649.6398 million, accounting for 29.70%; ore-derived zinc RMB975.8673 million, accounting for 17.57%; ore-derived lead RMB220.9450 million, accounting for 3.98%; ore-derived iron RMB180.3799 million, accounting for 3.25%; ore-derived copper RMB133.0043 million, accounting for 2.39%; ore-derived antimony RMB100.3568 million, accounting for 1.81%; ore-derived gold RMB82.3402 million, accounting for 1.48%; ore-derived bismuth RMB16.6744 million, accounting for 0.30%. Of these, combined revenue from ore-derived tin and ore-derived silver accounted for 68.86%. Regarding the company's main business and key performance drivers, Xingye Silver&Tin stated in its 2025 annual report that the company is a large mining group mainly engaged in the exploration, mining and mineral processing of nonferrous and precious metals. As of the disclosure date of this report, the company has more than 20 subsidiaries, including eight operating mining companies: Yinman Mining, Qianjinda Mining, Yubang Mining, Rongguan Mining, Xilin Mining, Rongbang Mining, Ruineng Mining and Bosheng Mining. The Achmmach tin mine of AtlasTinSAS under Atlantic Tin is in the construction phase; Tanghe Shidai Mining is in a construction suspension phase; and Yitong Mining and Yunnan Xigui are in the exploration phase. Hainan Fund is mainly engaged in equity investment management. Xingye Gold (Hong Kong) is mainly engaged in metals and mining trade and corporate acquisitions, and is responsible for expanding overseas markets and acquiring high-quality overseas mineral resources. Hainan International Trade and Tianjin International Trade are mainly engaged in the sale of nonferrous metal ore products and the procurement of some raw materials. Xingye Ruijin mainly carries out process research, technology development and upgrading for exploration, mining and mineral processing, and comprehensive recovery and utilization of tailings. Tibet Shannan Antimony-Gold, Tibet Xinda Mining and Xing'an League Fuxingtun Mining serve as the company's regional resource integration platforms. During the reporting period, the company successfully acquired an 85% equity interest in Yubang Mining. According to data from the Silver Institute as of the end of 2023, Yubang Mining's single silver mine ranked first in Asia and fifth globally. The acquisition further strengthened the company's resource advantages and laid a solid resource foundation for its sustainable development. Meanwhile, the company, through its subsidiary Xingye Gold (Hong Kong) as the investment vehicle, increased investment in overseas mineral resources and successfully acquired a 100% equity interest in Atlantic Tin. The acquisition was an important step in implementing the company's "going global" strategy. According to the large tin mine classification criteria in the Standards for Classification of Mineral Resource Reserves (DZ/T0400-2022), the Achmmach tin mine held by Atlantic Tin is currently equivalent to five large deposits. Through the integration of overseas tin resources, the company further improved its international tin layout and reserved important strategic resources for its long-term development. The company's main results come from its nonferrous metal mining and processing business. During the reporting period, revenue from the nonferrous metal mining and processing business accounted for 99.64% of total operating revenue in 2025. The main factors affecting the operating results of the mining and processing segment include production and sales volumes of major products, market prices, and costs of the nonferrous and precious metal mining and processing business. Regarding its operating plan, Xingye Silver&Tin stated in its 2025 annual report that 2026 is the closing year of the company's "Second Three-Year" plan. The board will focus closely on high-quality development, fully implement the established objectives, continue to deepen the philosophy of trust and collaboration, and make every effort to achieve the final goals of the "Second Three-Year" plan, with the following priorities: 1. Hold the bottom line for safety and environmental protection. With 2026 as the "Year of Implementing Safety Management," comprehensively strengthen safety responsibilities, consolidate the achievements of the "Year of Collective Calm in Safety," enhance risk anticipation and process control, and resolutely prevent all kinds of safety and environmental accidents to achieve safe, stable, green and low-carbon development. 2. Make every effort to advance key project construction; strengthen full-process management of project budgets, schedules and quality; coordinate the implementation of projects such as the 2.97 million mt expansion at Yinman Mining, the 8.25 million mt expansion at Yubang Mining, the Morocco project, and the Budun Yin'gen Mining (trusteeship) project; and ensure they are completed and reach full production on schedule to release capacity benefits. 3. Continue to strengthen exploration and reserve expansion; properly balance production and geological exploration; steadily advance exploration at existing mines and surrounding areas; accelerate the conversion and upgrading of resources into reserves; and steadily strengthen the resource base. 4. Deepen industrial synergy and resource integration; leverage the advantages of the core region of Inner Mongolia; steadily expand the overseas resource layout; maintain silver and tin as the main business direction and enrich and optimize resource types. Solidly advance the follow-up acquisition and integration of Weiling Co., and actively track high-quality mineral project opportunities at home and abroad to enhance overall competitiveness through synergistic industrial M&A. 5. Further strengthen institutional enforcement and internal control management; ensure all systems, processes and control requirements are effectively implemented; improve the company's refined management; strengthen enforcement capacity; ensure production plans, comprehensive budgets and all work arrangements are fully implemented; and promote deep integration of corporate culture and business management. 6. Make every effort to advance preparations for the Hong Kong listing; accelerate the establishment of dual capital market platforms at home and abroad; enhance cross-border capital operation capabilities; provide stronger funding support for the company's resource integration and strategy implementation; and push the company's high-quality sustainable development to a new level. A research report from Huaxin Securities on August 7 showed that key performance drivers included the official start of Yinman Phase II and steady progress in capacity expansion, and a dual-track layout of domestic acquisitions and overseas expansion with the resource map steadily expanding. Silver and tin prices remain high, and the company's long-term capacity growth is expected, so the rating is maintained at "Buy." Risk warnings: 1) downstream demand falls short of expectations; 2) metal price downside risk; 3) the company's expanded capacity is released less than expected; 4) the company's acquisition progress falls short of expectations. A research report from Huaxi Securities on July 25 said that the macro logic for silver is similar to that for gold, while silver has stronger industrial attributes, and its price is driven by the resonance of fundamentals, policy and trading. From the perspective of core support, silver has been included in the US "critical minerals" list, which has triggered sustained attention from funds and a stockpiling effect, serving as an important policy catalyst for price increases. Although short-term demand has pulled back somewhat, the supply-side gap remains prominent, providing the core fundamental support for silver prices. The supply-demand gap for silver is expected to continue widening in the coming years. Coupled with demand improvement from the industrial recovery during the easing cycle, silver's price elasticity is significantly higher than gold's, and silver is expected to rise under the resonance of a loose environment and industrial demand, with a favorable long-term silver price trend. The silver sector is currently in a stage of consolidation at lows after a pullback. Although it is pressured in the short term by a stronger US dollar and delayed interest rate cut expectations, it still has medium and long-term allocation value. Beneficiaries of silver include: [Shengda Resources] and [Xingye Silver&Tin].

Metalsource Mining has started a new drilling phase at its Silver Hill Project in North Carolina, targeting strike and down-plunge extensions of polymetallic mineralisation intersected in Hole SH26-07. The hole previously returned 12.62m grading 3,786g/t silver equivalent, including 6.95m at 6,730g/t silver equivalent and 2.74m at 16,604g/t silver equivalent; the latter interval included 209.1g/t gold. The company said the results also showed notable silver, lead and zinc concentrations. New drill platforms west of the current drilling area will test the interpreted deep extension of the polymetallic system and mineralisation along strike and at depth. Drilling will also shift temporarily to the eastern area to test the up-dip extension of gold-rich mineralisation between SH26-07, SH26-05 and SH25-02. Metalsource is working toward a first mineral resource estimate planned for early 2027, while stressing that the current data are preliminary, insufficient to define a mineral resource, and subject to further drilling and pending analytical results.

The central bank has added gold exposure through ETFs and is preparing to buy domestically produced bullion for the first time since 2013.

[SMM Silver Express] SMM July 31: SMM 1# silver ingot production stood at 1,556 tonnes in July 2026, down 0.38% month-on-month and 3.59% year-on-year, with cumulative growth of 5.3% in the first seven months. Producer inventories rose 22.2% month-on-month. The decline was mainly due to ongoing maintenance at copper, lead and zinc smelters, with some inventories reserved for processing trade exports.

Western Mining Co., Ltd. 2026 Semi-Annual Report: Lead-Zinc Segment The Company is a major producer of lead and zinc concentrates in China, with substantial lead and zinc metal resource reserves. Its core mines include the Xitieshan Lead-Zinc Mine, the Huogeqi Copper Polymetallic Mine, the Gacun Silver Polymetallic Mine, and the Huidong Daliang Lead-Zinc Mine. During the reporting period, the Company produced a total of 29,456 mt of ore-derived lead and 63,906 mt of ore-derived zinc.

[SMM Lead Morning Report: Macro Factors Bearish, LME Lead and SHFE Lead Both Slide] SMM July 27: Last Friday, LME lead opened at $1,891.5/mt, and during Asian trading hours, it consolidated on a subdued note, mostly trading between $1,885 and $1,890/mt......

[SMM Lead Morning Brief: Short-term China inventory buildup expectations may cause lead prices to consolidate on a subdued note] On Friday, reports indicated that Pakistan was exploring paths to restart US-Iran negotiations; Trump stated that the US is negotiating with Iran. As August approaches, the market has expectations for the traditional peak season for lead-acid batteries, but current actual consumption is less than satisfactory...

SMM, July 23: To deepen exchanges within the zinc industry, smooth industrial information channels, and accurately grasp development trends and market dynamics, an SMM team—Geng Zhiyao, Senior Analyst for Copper, Lead & Zinc; Li Hanyu, Senior Analyst for Zinc; and Dai Junxiu, Senior Business Manager— visited Yunnan Chihong Zn & Ge Co., Ltd. on July 23 for discussions and was warmly received by the company’s leadership. During the talks, the two sides conducted in-depth discussions on topics including the zinc raw material supply landscape, smelting capacity changes in and outside China, zinc price operating logic, and downstream demand evolution trends. They also exchanged views on issues such as mining cost control, zinc smelting process optimization, comprehensive recovery of associated rare and precious metals, green smelting upgrade pathways, overseas resource development opportunities, and industry cycle risk prevention. Leveraging industry big data, the SMM team shared their current supply-demand market assessments and medium to long-term industry outlook. Yunnan Chihong Zn & Ge, drawing on its resource presence both in and outside China and its entire industry chain operational practices, outlined its enterprise production and operating plans as well as its development ideas on technological innovation and green transformation. This visit established a strong communication platform. SMM gained on-the-ground understanding of the actual production and operating conditions of a leading zinc enterprise, enriching its frontline survey information; Yunnan Chihong Zn & Ge simultaneously obtained cutting-edge industry information to inform its daily production and operations. Both sides agreed to maintain ongoing communication and exchange, share industry information, and jointly support the high-quality, sustainable development of the zinc industry. About Yunnan Chihong Zn & Ge Co., Ltd. Yunnan Chihong Zn & Ge Co., Ltd. (referred to as "Chihong Zn & Ge") is a tertiary-level operating enterprise under Chalco. Founded on July 18, 2000, its predecessor was the Yunnan Huize Lead-Zinc Mine, one of the 156 key construction projects under China’s First Five-Year Plan. Its affiliated Lanping Lead-Zinc Mine is a world-renowned lead-zinc mine, and both are important pillars of China’s lead and zinc industry. After 74 years of industrial accumulation and innovation empowerment, the company has continuously pursued advancements in resource security, technological innovation, green transformation, and industry chain extension. It has developed a complete industrial chain covering resource exploration, mining, beneficiation and smelting, deep processing, and comprehensive recovery. Its industrial footprint spans 7 provinces across 3 countries, with lead and zinc resource reserves, concentrate and refined product production, and overall competitive strength ranking first in China and fourth globally in the lead and zinc industry. The company is highly competitive within the industry: its mine C3 cost is in the top quartile, and its smelting C3 cost is in the top half of the industry. Multiple technical and economic indicators lead the sector, with its zinc beneficiation recovery rate, lead beneficiation recovery rate, lead crude smelting recovery rate, total electro-zinc smelting recovery rate, and zinc hydrometallurgical direct recovery rate all reaching world-class levels. Built 7 green mines and 6 green factories, with crude lead, electrolytic zinc, and electrolytic lead products rated as National Energy Efficiency "Pacesetters". It holds 1,381 valid patents, and multiple scientific research projects have been successively awarded the Yunnan Provincial Science and Technology Progress Special Prize and the National Science and Technology Progress Second Prize. It has undertaken key projects of the State Council SASAC's "Rejuvenation Action" and "Voyage Action", owns 10 national high-tech enterprises, and has been successively honored with titles such as "Advanced Grassroots Party Organization of Central State-Owned Enterprises" and "Nomination for the National Quality Award". SMM Contact Person: Geng Zhiyao Contact Number: 13818541149

SMM, July 23: To deepen exchanges within the lead and zinc industry, facilitate information channels, and accurately capture zinc industry development trends and market movements, on July 22, a team from SMM Information & Technology Co., Ltd. (SMM), including copper-lead-zinc senior analyst Geng Zhiyao and zinc senior analyst Li Hanyu, visited Yunnan Luoping Zinc & Electricity Co., Ltd. for an exchange meeting and were warmly received by relevant company leaders. During the meeting, relevant personnel from Luoping Zinc & Electricity introduced the company's operational status, industry chain layout, and medium and long-term strategic plans to the SMM team. The two sides engaged in in-depth discussions on topics including domestic zinc raw material supply, smelting cost changes, zinc product market trends, downstream demand trajectories, comprehensive recovery of associated rare and precious metals, and the development direction of green smelting. Leveraging SMM's industry database, SMM analysts shared supply-demand analyses for the zinc market, price dynamics, and potential industry opportunities, and exchanged views with the company on challenges in industrial development. Luoping Zinc & Electricity, drawing on its own strengths in hydropower integration, mine resources, and integrated smelting and deep processing, outlined its advancement approaches in resource expansion, technological R&D, and extension into new materials. This visit established a bridge for industry information sharing. In the future, both parties will maintain regular communication and exchanges, continuously collaborate to explore paths of industrial synergy, and jointly promote the steady and high-quality development of the zinc industry. About Yunnan Luoping Zinc & Electricity Co., Ltd. Yunnan Luoping Zinc & Electricity Co., Ltd. was established in 2000 and listed on the main board of the Shenzhen Stock Exchange in 2007 (stock code 002114). Its largest shareholder is Qujing Development and Investment Group, holding a 22.3960% stake, and the actual controller is the Qujing Municipal State-owned Assets Supervision and Administration Commission. Key Assets: It encompasses three core resource sectors: minerals, hydropower, and zinc smelting, housing production units such as the Fule Lead-Zinc Mine, Lazhuang Power Plant, zinc smelter, comprehensive utilization plant, and ultrafine zinc powder plant. The company boasts an integrated capacity of processing 100,000 mt of raw ore annually, producing 120,000 mt of electrolytic zinc, 140,000 mt of sulphuric acid, 12,000 mt of ultrafine zinc powder, and generating 250 million kWh of electricity per year, with an annual output value exceeding 2 billion yuan. This forms a complete industry chain of "power generation — mining — smelting — rare and precious metals recovery — new materials." Coupled with its self-contained hydropower energy loop, this creates a unique core competitive advantage, positioning the company as a leader in the non-ferrous metal smelting sector in Southwest China. Main Businesses: Hydropower generation, mining of non-ferrous metals such as lead and zinc, zinc smelting, and production and sale of extended products. The products include zinc sulfide concentrates, lead concentrates, zinc ingot, industrial sulphuric acid, cadmium, ultrafine zinc powder, germanium concentrates, silver concentrates, copper concentrates, zinc alloy, industrial and residential electricity, and edible rapeseed oil. The company has successively received honors such as “Contract-honoring and Credit-worthy Enterprise” at provincial and municipal levels, “Key Industrial Enterprise of Qujing City”, National Intellectual Property Advantage Enterprise, High-tech Enterprise, and National Laboratory Accreditation Certificate. Strategic Development: In terms of hydropower resource development, first, it invested in and participated in the construction of the Luoping County Laodukou Hydropower Station with an installed capacity of 37,500 kW, holding 37% equity; second, it invested in and participated in the construction of the Laojiāngdǐ Hydropower Station in Xingyi City, Guizhou Province, with an installed capacity of 100,000 kW, holding 33% equity. In terms of lead-zinc mine development, first, it invested in and participated in the development of the Jinsha Lead-zinc Mine in Yongshan County, holding 23.2% equity. Second, through a private placement of shares, it completed the overall acquisition of Puding County Xiangrong Mining, Derong Mining, and Hongtai Mining Co., Ltd. under Guizhou Fanhua Mining Group Co., Ltd., gaining control of the mine assets held by the three companies. In terms of business development, first, it acquired the sulphuric acid plant of the former Luoping County Zinc Electric Company. Second, it built a rapeseed oil production line with a capacity of 10,000 mt per year. Third, it established a wholly-owned subsidiary, Yunnan Luoping Zinc Electric New Materials Co., Ltd., to extend the industry chain through zinc alloy products. Technological Innovation: The company holds 78 patents. Among them, the comprehensive treatment and recovery of valuable metals from high-iron, low-germanium zinc oxide calcine and zinc sulfite is at an industry-leading level. SMM Contact: Geng Zhiyao Tel: 13818541149

SMM, July 21 – To deepen industry exchanges, smooth information channels, and accurately grasp development trends and market dynamics in the zinc and indium sectors, on July 21, a team from SMM Information & Technology Co., Ltd. (SMM) — including Geng Zhiyao, Senior Analyst for Copper, Lead and Zinc; Li Hanyu, Senior Zinc Analyst; and Dai Junxiu, Senior Business Manager — visited Yunnan Tin Wenshan Zinc Indium Smelting Co., Ltd. for an exchange and was warmly received by relevant leaders of the company. During the exchange, the two parties had in-depth discussions on core industry topics, such as current zinc and indium price trends, the enterprise’s comprehensive recovery technologies for zinc and indium metals, existing production and processing capacity, and the regional layout of new mine capacity. Meanwhile, the SMM team introduced in detail the platform’s existing pricing system, pricing logic, and mainstream market application scenarios, conducted in-depth exchanges with the enterprise on industry pricing standards and market quotation applications, fully listened to frontline production and market demands, and further broke down information barriers between upstream and downstream. This visit effectively consolidated the foundation for information sharing across the industry and provided strong support for accurately assessing zinc and indium market trends and promoting the green, high-quality, and standardized development of the industry. Profile of Yunnan Tin Wenshan Zinc Indium Smelting Co., Ltd. Yunnan Tin Wenshan Zinc Indium Smelting Co., Ltd. is a wholly-owned subsidiary of Yunnan Tin Co., Ltd. Established in May 2016 with a registered capital of 1.1 billion yuan and 843 registered employees, it is a state-owned enterprise integrating production, R&D, and trade, mainly engaged in the smelting, processing, sales, and trading of non-ferrous metals and ore products. After six years of independent process and equipment R&D, the company overcame the industrialization challenges of hematite technology and equipment. In 2018, it invested 2.44 billion yuan to build China’s first and the world’s second demonstration plant for hematite iron removal hydrometallurgical zinc smelting. The plant reached full production and standards within one year, with core indicators leading the industry: zinc recovery rate >98%, indium recovery rate >83%, copper recovery rate >95%, lead and silver recovery rate >99%, iron resource utilization rate >95%, comprehensive energy consumption for zinc electrowinning 99.96%, and tail gas SO 2 <60 mg/Nm 3 . Leveraging its technological and green development strengths, the company has received more than 30 honors, including national-level “Quality Engineering” award, national-level specialized and sophisticated key “Little Giant” enterprise, national-level green factory, and high-tech enterprise. It holds 42 authorized patents (including 21 invention patents), and three of its core technologies have won the First Prize of China Nonferrous Metals Industry Science and Technology Award. The “New Green and Efficient Zinc Smelting Technology for Complex Polymetallic Iron-bearing Sphalerite” and the “Hematite Process for Iron Removal and Zinc Smelting” have been respectively listed by the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology (MIIT), and other authorities in the industry carbon peak action plan and energy-saving and carbon-reduction guide, and are promoted as key advanced technologies. SMM Contact: Geng Zhiyao Tel: 13818541149