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's local steel prices in Thailand. The event facilitated efficient matchmaking between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the NEV industry in Southeast Asia is entering a critical development phase. Thailand, Indonesia, and Vietnam each have their own strategic layouts and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition over technology roadmaps, and localization compliance. Thanks to the support of all parties, SMM's local pricing systems in Thailand and Indonesia 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's Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing electrification material procurement applications, and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, BEST cordially invites you to gather again in Bangkok to 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 was established in 1997 and listed on the ChiNext Board of the Shenzhen Stock Exchange in 2017. As a national high-tech enterprise with 1,400 employees, it has been deeply engaged in the precision manufacturing field for nearly 30 years. Its three core businesses include: precision parts for traditional automobiles, high-end tooling and fixtures, and intelligent equipment; core components for NEVs, hydrogen fuel cells, energy storage, and liquid cooling for computing centers; and high-precision linear motion functional components for industrial machine tools and humanoid robots. Wuxi Best Precision Machinery Co., Ltd., established in 1997 and listed on the Shenzhen in 2017, is a national high-tech enterprise with 1,400 employees. It has been deeply involved in the precision manufacturing field for nearly 30 years. Its main businesses include three core areas: precision parts for traditional automobiles, high-end tooling and fixtures, and intelligent equipment; core components for new energy vehicles, hydrogen fuel cells, energy storage, and liquid cooling for computing centers; and high-precision linear motion functional components for industrial machine tools and humanoid robots. The company has three major production sites in Wuxi, Anhui, and Thailand, achieving large-scale R&D and mass production. It possesses a fully vertical industry chain encompassing mold making, casting, and machining, with annual revenue exceeding 1.5 billion yuan. Its clients include globally renowned enterprises such as Garrett, Cummins, and BMW. In 2024, it established BYH New Technology Co., Ltd. in the AMATA Industrial Park (Phase II) in Chonburi, Thailand, covering an area of 80,000 m², specializing in precision casting and machining. The company has three major production sites in Wuxi, Anhui, and Thailand, achieving large-scale R&D and mass production. It possesses a fully vertical industry chain encompassing mold making, casting, and machining, with annual revenue exceeding 1.5 billion yuan. Its clients include globally renowned enterprises such as Garrett, Cummins, and BMW. In 2024, it established BYH New Technology Co., Ltd. in the AMATA Industrial Park (Phase II) in Chonburi, Thailand, covering an area of 80,000 m², specializing in precision casting and machining. Main Products Leveraging its mature processes, comprehensive quality control, and intelligent workshops, the company provides customized products and intelligent manufacturing solutions. It sincerely invites clients from all sectors to discuss cooperation and achieve win-win development! Leveraging its mature processes, comprehensive quality control, and intelligent workshops, the company provides customized products and intelligent manufacturing solutions. It sincerely invites clients from all sectors to discuss cooperation and achieve win-win development! Contact Contact Contact Us Wu Chaojun wuchaojun@smm.cn

Recently, Hunan Angzhu Environmental Protection Technology Co., Ltd. signed an APP advertising cooperation agreement with SMM (Shanghai Metals Market). This partnership aims to expand pragmatic cooperation and promote industry exchange, thereby achieving deepened collaboration, market expansion, and mutual benefit. Going forward, SMM will leverage its advantages as a leading non-ferrous metals industry service platform to provide Hunan Angzhu Environmental Protection Technology Co., Ltd. with a one-stop online marketing solution through comprehensive online display, forming a virtuous cycle between production and market, and realizing mutual value for both parties. Hunan Angzhu Environmental Protection Technology Co., Ltd. was established in 2018 and is located at No. 1 Xincheng Road, Leiyang City, Hengyang City, Hunan Province. It is a comprehensive enterprise specializing in non-ferrous metal deep processing and trade sales. Hunan Angzhu Environmental Technology Co., Ltd. was established in 2018 and is located at No. 1 Xincheng Road, Leiyang City, Hengyang City,Hunan Province. it is a comprehensive enterprise specializing in non-ferrous metal deep processing and trade sales. With pyrometallurgy #1 lead as its core product, the company has an annual capacity of 200,000 mt (based on pyrometallurgy #2 refined lead). It also engages in primary lead, lead-calcium alloy, lead-antimony alloy, secondary lead, and secondary refined lead businesses, building an entire industry chain service system from raw material procurement to finished product sales. Taking Pyrometallurgical Grade 1 Lead as its core product, the company has an annual production capacity of 200,000 tons (calculated by Pyrometallurgical Grade 2 Lead). It also engages in businesses such as electrolytic lead, lead-calcium alloy, lead-antimony alloy, recycled lead and recycled refined lead, and has built a full-industry-chain service system from raw material procurement to finished product sales. Core Strengths 1 Environmental Protection First Actively responding to the national call for green development, the company has invested in the construction of integrated environmental protection production facilities to achieve the recycling of wastewater, waste gas, and waste residue, creating a modern factory with "zero pollution and low energy consumption" and being awarded as a provincial-level green production demonstration unit. Actively responding to the national call for green development, the company has invested in the construction of integrated environmental protection production facilities to realize the recycling of wastewater,waste gas and waste residue, creating a modern factory with "zero pollution and low energy consumption" and being awarded as a provincial-level green production demonstration unit. 2 Technology-Driven The core management team has 20 years of industry experience, has established a three-level quality inspection system, and has obtained ISO9001 quality management system certification, with product purity reaching over 99.996%. Through intelligent equipment upgrades, production efficiency has increased by 40%, saving over 20 million yuan in annual production costs. The core management team has 20 years of industry experience, has established a three-level quality inspection system and has obtained ISO9001 quality management system certification, with product purity reaching over 99.996%. Through the intelligent transformation of equipment, production efficiency has increased by 40%, saving more than 20 million yuan in annual production costs. 3 Social Responsibility The company has cumulatively created over 200 jobs and was awarded the title of "Outstanding Enterprise in Employment Contribution of Hengyang City." It has established industry-university-research cooperation with Central South University and trained over 50 professional and technical talents. It has created more than 200 jobs cumulatively and was awarded the title of "Outstanding Enterprise in Employment Contribution of Hengyang City".It has established industry-university-research cooperation with Central South University and trained more than 50 professional and technical talents. Business System • Raw Material Procurement: Crude lead, secondary crude lead • Main Products: Pyrometallurgy #1 lead (national standard GB/T 469-2023), primary lead, alloy lead • Trade Services: Providing value-added services such as warehousing and logistics, futures hedging, and supply chain finance Development Vision Adhering to the business philosophy of "Quality Builds Brand, Innovation Leads the Future," the company plans to establish a provincial-level technology center by 2026 and strives to become a benchmark enterprise in non-ferrous metal deep processing in Central China. We sincerely invite colleagues from all walks of life to visit and guide us for common development! Adhering to the business philosophy of "Quality Builds Brand, Innovation Leads the Future", the company plans to establish a provincial-level technology center by 2026 and strive to become a benchmark enterprise in non-ferrous metal deep processing in Central China. We sincerely invite colleagues from all walks of life to visit and guide us for common development! Contact Information Lin Yuancai 139757991777/18768272777 SMM Contact Cao Juanjuan caojuanjuan@ly10000.com 19521491689

[SMM Steel] SEAISI expects ASEAN steel demand to continue improving in 2026, with apparent steel consumption forecast to reach 87.9 million tonnes, up 2.6% YoY and 8.2% higher than 2024 levels. ASEAN steel imports remained high at around 50 million tonnes in 2025, while import penetration stayed above 60%, continuing to pressure local producers. Vietnam remained the region’s strongest growth market, with steel demand rising over 21% in 2024. SEAISI also warned that the Iran conflict could create energy-related risks for ASEAN steel markets, as the region remains heavily dependent on Middle Eastern energy supplies. Meanwhile, ASEAN steel exports are expected to remain elevated at around 22 million tonnes in 2025, supported by Indonesia’s expanding HRC capacity.

Brazil's antitrust regulator Cade launched an investigation into US rare earth company USAR's proposed acquisition of Brazilian rare earth producer Serra Verde. Serra Verde is currently Brazil's only operational rare earth mine. The transaction includes a 15-year offtake agreement between Serra Verde and a special purpose vehicle funded by US government agencies including the Department of Commerce and the Department of Energy. The agreement explicitly stipulates lowest prices for rare earth elements such as neodymium, praseodymium, dysprosium, and terbium.

Kangwon Energy announced on May 15 that it posted consolidated revenue of KRW 52.2 billion for the first quarter, down 2.6% from a year earlier. The decline partly reflected reduced equipment investment amid a slowdown in the secondary battery market. However, the company’s secondary battery materials business, led by lithium materials, continued to grow and helped support overall earnings. Revenue from the secondary battery materials segment increased by around 65% year on year in the first quarter, offsetting a significant portion of the decline in equipment sales, according to the company.

Published：May 13, 2026 The World Bank recently revised its precious metals outlook for 2026. The group now anticipates this basket of commodities to rise collectively by 42% in 2026. This represents a significant upward shift in projections, primarily fueled by the escalating Middle East conflict, rampant energy supply disruptions, dampened global growth, and heightened financial uncertainty. Precious Metals Lead the Commodity Complex In January 2026, the World Bank issued a commodities report that predicted a positive jump in its precious metals index for the year. This grouping holds gold, silver, and platinum, notably excluding palladium. Within Q1 alone, each asset in this basket of precious metals soared above the group’s expectations. Furthermore, each of these metals climbed to record highs in the early innings of the year. Gold prices shot up beyond $5,400/oz. Silver exploded to $116/oz. Platinum prices jumped to $2,770/oz. In late April, the World Bank issued another commodities report raising its precious metals outlook. Now, the group projects this collection of metals will surge by 42% throughout 2026, compared to the averages in 2025. Crucially, precious metals are projected to outperform nearly all other commodities, including base metals, fertilizer, and even energy prices. The global bank’s forecasts position silver as the highest-performing metal in 2026, with platinum as a close second. While gold is also expected to rise significantly, the yellow metal’s already elevated value means smaller percentage gains. Why the World Bank Expects Precious Metals to Rise A handful of long-running and newly forming factors are propelling the World Bank’s precious metals predictions higher for 2026. This fuel is a combination of geopolitical, macroeconomic, and fiscal policy issues: 1. Geopolitical Safe-Haven Demand Among the more pressing and immediate tailwinds for precious metals is war in Iran , which has spilt over into the broader Middle East region. The conflict has effectively choked off the Hormuz Strait, where nearly 20% of the world’s oil flows through. Drone and artillery attacks on various energy installations throughout the Gulf States further complicate the energy crisis. In response, investors have been actively rotating into safe-haven assets, such as precious metals, to offset the economically damaging effects of the oil shock and broader energy shortage. Historically, gold has consistently shown a tendency to perform well during periods of geopolitical turmoil and a loss of confidence in fiat systems. 2. Inflationary Energy Shock March marked the single largest inflation-adjusted quarterly rise in oil since 1988, per the Energy Information Administration . Throughout Q1, Brent crude nearly doubled, leaping from $61 to $118 per barrel. In March alone, liquid natural gas costs rose by 59% in European markets and by 94% in Asia. This collective surge in energy prices threatens to drive global inflation higher as loftier fuel costs drive up prices in virtually all sectors. The World Bank revised its inflation forecasts for Emerging Market and Developing Economies (EMDEs) to a staggering 5.1%. Once again, precious metals stand to gain, especially gold, which has a proven track record going back centuries for keeping pace with inflation . 3. Market Volatility & Policy Uncertainty The international financial institution further warns that the combination of geopolitical instability and rising inflation threatens to undermine market confidence and fiscal policy direction. Mainstream assets heavily tied to fiat currencies tend to wane during periods of high uncertainty, increasing the appeal of safe-haven assets . Gold demand is likely to increase from central banks, major financial institutions, and retail investors as traditional assets struggle. 4. Slowing Growth & Stagflation Risks At the same time, EMDE inflation is expected to rise, and growth across most economies is projected to fall, creating a one-two punch of economic hardship. This trend is playing out in advanced economies, too, with the U.S. gross domestic product hitting only 0.7% in Q4 2025 . The economy recovered slightly in Q1 2026, reaching 2%, according to the Bureau of Economic Analysis , but it remains far from ideal levels. Source: Bureau of Economic Analysis The alarming trifecta of slowing growth, rising inflation, and soaring commodity prices has the World Bank cautioning about the elevated odds of stagflation . In this challenging economic climate, all the tailwinds for precious metals would only intensify. Precious Metals Forecasts Remain Elevated Although precious metals have moderated since their early-year highs, experts across various sectors remain bullish on the upward potential of these commodities. Most notably, 2026 gold price forecasts remain above $6,000/oz. Meanwhile, silver price predictions for the year sit near $105/oz. These positive expectations fall right in line with the World Bank’s upward revision of its earlier predictions, signaling a strong potential for further growth among these key precious metals. Navigate Global Turmoil with Our Free Precious Metals Guide If you’re interested in learning more about how you can strategically position your portfolio to take advantage of these precious metals, grab a FREE copy of our Precious Metals Investment Guide . It covers everything you need to know about buying, holding, and managing physical gold and silver to protect your wealth. Source： https://www.sbcgold.com/blog/world-bank-sees-precious-metals-surging-42-in-2026-amid-global-turmoil/

On May 16, Tianli Lithium Energy disclosed that its high-nickel 9-series products, which are compatible with solid-state battery technology routes, have achieved mass shipments. These products possess strong industry competitiveness in aspects such as energy density, cycle stability, and solid-state interface compatibility. The company is actively cooperating with multiple customers to continuously deepen its business relationships.

The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the 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, and preliminarily established a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the NEV industry in Southeast Asia is entering a critical development phase. Thailand, Indonesia, and Vietnam each have their own strategic layouts and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition over technology roadmaps, and localization compliance. Thanks to the support from all parties, SMM's local pricing systems in Thailand and Indonesia 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 resources; and advancing SMM Southeast Asia metal pricing from a price reference to a transaction benchmark, implementing electrification material procurement applications and establishing an executable pricing system. We firmly believe that true progress comes from turning consensus into action. At this conference, cordially invites you to gather again in Bangkok, to transform strategic blueprints into market competitive advantages, to witness and participate in this significant and far-reaching industry event, and to co-create a brilliant new chapter! Click the to register now. Booth No.: B08 Yonssis Technology Founded in 2004, Yonssis is a specialized high-tech enterprise with electrical conduction at its core, focusing on the R&D, production, and sales of electric wires & cables, EV charging, and electrical connection solutions. With 22 years of deep expertise in the electrical conduction industry, guided by pragmatic innovation, lean advancement, and co-creation of value, we provide global clients with safe, efficient, reliable, and customized electrical conduction solutions. Founded in 2004, Yonssis is a high-tech enterprise specializing in electrical conduction. We focus on the R&D, production and sales of electric wires & cables, EV charging and connecting solutions. The company operates three intelligent digital factories in Chongqing and Dongguan, China, and Thailand, with strong R&D and manufacturing capabilities and a well-established supply chain system. Adhering to technological innovation as its core, the company continuously drives product iteration and process upgrades. From raw material procurement to finished product delivery, full-process quality control ensures that every product meets international standards. With 22 years of industry expertise, we provide global customers with safe, efficient and customized electrical conduction solutions. We operate three intelligent digital factories in Chongqing, Dongguan China and Thailand. With consistent quality and professional services, the company's products are not only widely acclaimed in the Chinese market but also exported to markets outside China, earning the trust of global clients. Guided by the enterprise spirit of daring, dedication, and excellence, the company continues to set industry benchmarks. With strong R&D, manufacturing capabilities and full-process quality control systems to meet international standards. Looking ahead, Yonssis Technology remains committed to its mission of providing the world with outstanding electrical conduction solutions. With the vision of becoming a globally trusted electrical conduction enterprise, the company continues to deepen its expertise in the electrical connection field, creating greater value for clients, employees, and society, and jointly building an efficient, safe, and sustainable energy connection future. Our products are well-received both at home and abroad. Guided by innovation and professionalism, we are committed to becoming a globally trusted partner in electrical connection, and building an efficient, safe and sustainable energy future. Contact Information Contact Southeast Asia Region Zuo Xuanxi Erica 18002625937 sales11@dgysdx.com Europe and America Liu Muxuan Trista 13326895198 masteryw3@dgysdx.com Contact Us Wu Chaojun wuchaojun@smm.cn

Brazil added 4.4GW of solar capacity in the first quarter of 2026, including 2.3GW from utility-scale projects and 2.2GW from distributed generation. In March, the country planned to connect 25 utility-scale solar plants totaling around 1.1GW, although new centralized connections are expected to slow toward the end of the year. If the first-quarter connection pace continues, Brazil could add 8.7GW of distributed solar and 4.7GW of utility-scale solar in 2026, bringing total annual additions to around 13.4GW, above ABsolar’s earlier forecast of about 10GW. SMM believes grid connection constraints, regulatory changes and rising curtailment pressure will remain key challenges, while storage, energy efficiency upgrades and migration to the free energy market could help sustain sector growth.

Reuters reported, citing market data, that demand for rooftop PV systems among household users in Germany, the UK, the Netherlands, and other countries more than doubled compared to levels before the Middle East conflict erupted, while business volumes for European energy equipment wholesalers and renewable energy enterprises surged even more dramatically. Since the outbreak of the US-Israel-Iran conflict in late February, European electricity prices have risen significantly, with energy costs for enterprises and households under sustained pressure. Against this backdrop, an installation rush for rooftop solar systems has swept across Europe, as PV power generation accelerates its transition from a supplementary energy source to a critical option for ensuring energy security. Reuters reported, citing market data, that demand for rooftop PV systems among household users in Germany, the UK, the Netherlands, and other countries more than doubled compared to levels before the Middle East conflict erupted, while business volumes for European energy equipment wholesalers and renewable energy enterprises surged even more dramatically.