Announcement on Adjusting the Quotation Frequency of Battery-Grade Lithium Fluoride Prices from Weekly to Daily

SMM will increase the update frequency for its Indonesian Domestic Nickel Ore Price (1.2%-1.6% Ni) from weekly to daily, effective February 9, 2026, due to market volatility.

Dear User, Currently, lithium carbonate prices are experiencing significant fluctuations, leading to markedly increased cost volatility for lithium metal, for which lithium carbonate serves as the primary raw material. To more promptly and accurately reflect market conditions for lithium metal, SMM plans to increase the publication frequency of prices for both industrial-grade lithium metal and battery-grade lithium metal from weekly updates to daily updates . The updates will be released at 12:00 PM Beijing Time on each working day for market reference: 1. Battery-grade lithium metal, Specification: Li≥99.9% 2. Industrial-grade lithium metal, Specification: Li≥99% We welcome more relevant enterprises across the industry chain to participate and support SMM in better serving new energy industry chain-related companies. Wang Cong 021-51666838 wangcong@smm.cn Feng Disheng 021-51666714 fengdisheng@smm.cn Wang Zihan 021-51666914 wangzihan@smm.cn Zhang Jing 021-51666878 faithzhang@smm.cn SMM New Energy Research Team January 8, 2026

Dear Users, Due to recent volatility in the international trade environment, and to ensure the accuracy and reference value of price information, Shanghai Metals Market (SMM) has conducted a careful assessment and decided to temporarily suspend the update of Magnesium Ingot 9990 CFR (Japan) spot prices effective immediately. We will resume updates for this price category once market trading normalizes and a stable, reliable pricing basis is reestablished. Thank you for your ongoing trust and support. If you have any questions, please feel free to contact us through official channels. Shanghai Metals Market Information Technology Co., Ltd. Magnesium Research Team January 8, 2026