SMM, August 3 News: On August 3 early trading, the broader market was under pressure and consolidated, while high-end manufacturing segments moved independently. As of the close on August 3, the Motor II sector rose 2.67%, with individual stocks such as Jiangxi Special Electric Motor hitting the daily limit up, and Wolong Electric Group, Yifan Transmission, Bafang Electric, Keli Motor, MOONS', and Jiangsu Leili leading the gains. The strength in motor sector futures was supported by multiple drivers: first, Unitree Robotics is about to launch its subscription and Tesla raised its long-term capacity target for humanoid robots, heating up expectations for mass production of joint servo motors; second, the rare earth permanent magnet sector rose simultaneously, with upstream permanent magnetic material prices increasing, boosting profit expectations for high-performance motors; third, the replacement policy for IE4/IE5 high-efficiency motors continues to be implemented, opening up room for stock replacement of traditional industrial motors; combined with stockpiling expectations from downstream automakers and equipment manufacturers in mid-to-late August, some market funds favoured the motor sector, driving the collective rise. Market News [State Council Executive Meeting Decides to Approve Four Nuclear Power Projects Including Liaoning Zhuanghe Phase I] The State Council Executive Meeting decided to approve four nuclear power projects including Liaoning Zhuanghe Phase I. The meeting pointed out that nuclear power units should be built and operated to the highest global safety standards, with strengthened full-chain and all-domain safety oversight to ensure nuclear safety is absolutely risk-free. [China Approved 8 New Nuclear Power Units, with Total Project Investment Exceeding 170 Billion Yuan] In 2026, China opened the floodgates for new nuclear project approvals. According to CCTV News on July 31, the State Council Executive Meeting held that day decided to approve four nuclear power projects including Liaoning Zhuanghe Phase I. It is reported that the new projects approved at this meeting include Zhejiang Jinqimen Nuclear Power Plant Phase II (Units 3 & 4), Guangdong Taipingling Nuclear Power Plant Phase III (Units 5 & 6), Liaoning Zhuanghe Nuclear Power Plant Phase I (Units 1 & 2), and Shandong Laiyang Nuclear Power Plant Phase I (Units 1 & 2), totaling 8 new units. Nuclear power projects have historically been an important boost to expanding effective investment, and it is estimated that the total investment of these new projects will exceed 170 billion yuan. (Jin Shi Data) [State Administration for Market Regulation: '15th Five-Year Plan' to Foresightfully Deploy High-Level Detection Platforms for Strategic Emerging Industries such as Integrated Circuits, New Energy, Biomedicine, and Humanoid Robots] The State Administration for Market Regulation held a press conference on July 21 to introduce the development achievements of China's inspection and testing service industry during the '14th Five-Year Plan' period. During the '15th Five-Year Plan' period, the administration will implement the Innovation Pilot for Inspection Testing to Promote Industrial Optimization and Upgrading, and the Three-Year Action for National Quality Inspection Center Quality Improvement and Optimization, foresightfully deploying high-level detection platforms for strategic emerging industries such as integrated circuits, new energy, biomedicine, and humanoid robots, and using digital transformation to drive service model innovation. Strengthen deep collaboration with industry chain leaders and research institutes, jointly tackle a number of key core technologies, and promote the upgrading of inspection and testing from a single service to "industry chain synergy," shifting from being a "post-event quality gatekeeper" to a "full-process innovation enabler." Coordinate the capacity building for green and low-carbon, food safety, and high-risk industrial product testing, and build a solid quality defense line for industrial development and people's livelihood safety. [China's robot industry chain sees explosive orders; a robot company receives over 10,000 orders in a month] Currently, publicly listed firms are gradually releasing their semi-annual reports and earnings forecasts. In H1 this year, the robot sector reported widespread positive earnings. From core parts to complete machine integration, from motion control to AI computing hardware, the robot industry chain is shifting from "concept-driven catalysts" to a new phase of "order volume growth and profit realization." MIIT data shows that from January to May, the revenue of China's above-designated-size robot enterprises exceeded 90 billion yuan, up 26.9% YoY, with an average annual growth rate of over 20% over the past five years. A robot company just launched a new humanoid robot product at the end of last month and received over 10,000 orders in less than a month. Another company's head stated that their frameless motor is a core component for humanoid robot joint actuation, and in H1 this year, the company's orders on hand exceeded 1 million units, an increase of more than nine times compared to last year. (Jin10 Data) [General Administration of Customs: In H1, China's exports of lithium batteries, wind turbines, and other green energy-related products increased by 37.6% and 35.6% respectively] The State Council Information Office held a press conference today to introduce China's foreign trade performance since the beginning of this year. Currently, the global green and low-carbon transition is deepening, and the construction of new energy and rising consumer demand align well with China's green products. In H1, China's exports of lithium batteries, wind turbines, and other green energy-related products increased by 37.6% and 35.6% respectively; green mobility products such as EVs, electric railway locomotives, electric motorcycles, and bicycles grew by 68.7%, 45.1%, and 31.5% respectively. Tesla Optimus project lead Ashok Elluswamy announced on social media on July 30, 2026, that the long-term annual capacity target for Optimus had been revised to 10 million units. This figure is ten times the originally planned capacity of 1 million units, marking a comprehensive upgrade in Tesla's humanoid robot capacity planning. [Google DeepMind launches Gemini Robotics 2 robot AI model] Google DeepMind has launched the Gemini Robotics 2 model. According to the introduction, Gemini Robotics 2 enables robots to reason about every action, thereby unlocking a broad range of tasks. For example, it can enable a humanoid robot to walk, squat, stretch, and manipulate objects to clean a cluttered room. It can even collaborate with other robots to complete tasks faster. This deep intelligence can also run locally on devices while seamlessly adapting to entirely new robot bodies within just a few hours. Meanwhile, Google DeepMind also launched two other robotic AI models — Gemini Robotics ER 2 and On-Device 2. Gemini Robotics ER 2 is the most powerful embodied reasoning (ER) model, a vision-language model (VLM) that will enable robots to communicate with humans, understand the physical world, and plan multi-step tasks lasting several minutes. On-Device 2 is the most efficient vision-language-action model (VLA), optimized to run locally on robotic devices. The model can now quickly adapt to entirely new robot entities with just hours of data. [Dayang Motor: Plans to Repurchase Shares Worth 120 Million–160 Million Yuan] Dayang Motor announced that the company plans to repurchase shares worth 120 million to 160 million yuan for future employee stock ownership plans or equity incentive plans, with a repurchase price not exceeding 11.5 yuan per share. [Xiangtan Electric: Expected Significant YoY Growth in Revenue from Synchronous Condensers and Flywheel Energy Storage This Year] Xiangtan Electric stated on an interactive platform that the company has actively developed new products in recent years, advancing R&D in synchronous condensers, flywheel energy storage, marine power, aviation electrification, and high-speed motors , achieving notable results in market promotion of synchronous condensers and flywheel energy storage. Revenue from these products is expected to see significant YoY growth this year; marine power, aviation electrification, and high-speed motors have also made some progress in market promotion. [BYD Plans to Launch Humanoid Robot in August This Year] Recently, reports suggested that BYD's humanoid robot is about to be launched. On July 28, BYD responded that it plans to launch the humanoid robot at "Di Space" in August. (Jin10 Data) [Unitree Robotics' Wang Xingxing: The "ChatGPT Moment" for Embodied AI Could Arrive Within Two to Three Years] According to the World Internet Conference news, the 2026 World Internet Conference Digital Silk Road Development Forum, themed "Smart Convergence on the Silk Road, Digital Opening of a New Journey – Jointly Building a Community with a Shared Future in Cyberspace," held its opening ceremony in Xi'an, Shaanxi, on July 22. Wang Xingxing, founder and CEO of Unitree Robotics, attended the ceremony and delivered a speech. Over the past few years, humanoid robots have made rapid progress from walking to dancing, from kung fu combat to simple services. Wang Xingxing believes that the "ChatGPT moment" for embodied AI is expected to arrive within as soon as two to three years: by then, robots will be able to directly work and achieve many basic functions in most unfamiliar scenarios. Therefore, everyone should make various plans and arrangements in advance based on their actual situation, so as to seize new opportunities in the intelligent era. (Jinshi Data) [Unitree Robotics: Preliminary Inquiry Date Is August 5, Offline Subscription Date Is August 10] Unitree Robotics announced that the company is conducting its initial public offering and listing on the STAR Market. The offering will be conducted through a combination of strategic placement, offline issuance, and online issuance. The company plans to publicly issue 40,446,434 shares, accounting for 10% of the total share capital after the issuance, with the total share capital after issuance at 404,464,340 shares. The preliminary inquiry date is August 5, 2026, and the offline subscription date is August 10, 2026. The company has a special voting rights mechanism arrangement, under which the actual controller, Wang Xingxing, controls a total of 68.78% of the voting rights through a differentiated voting rights arrangement. [Unitree Robotics’ Chen Li: Core Technologies of Joint Motors Entirely Self-Developed, Upstream Only Relies on Copper Wire, Magnets and Other Raw Materials] From July 3 to 4, the 2026 Yabuli Forum Innovation Annual Conference was held in Shanghai. Chen Li, co-founder of Unitree Robotics, stated that the company has achieved independent R&D and production of core parts and has integrated the underlying technology architecture, possessing the capability to independently develop and produce a full range of products including quadruped robots, humanoid robots, robotic arms, pumps, dexterous hands, etc., covering diverse application scenarios. In response to the view that joint motors rely on external procurement, Chen Li said that the core technologies of Unitree’s joint motors are entirely independently developed, with the upstream only involving the supply of basic raw materials such as copper wire and magnets, achieving a completely independent and controllable supply chain. He stated that by independently developing the full set of core technologies, Unitree's products maintain industry-leading levels in cost-effectiveness, reliability, stability, and consistency. At the same time, the company continues to invest in the R&D of core technologies such as robot control, perception, navigation, and AI algorithms, and has cumulatively applied for multiple patents. (Jinshi Data) [Report: China’s Embodied AI Market Size Has an Average Annual Compound Growth Rate of 22% to 23%] The "China Embodied AI Industry Development Report (2026)" was released in Shanghai on July 2. The report states that China has become one of the fastest-growing embodied AI markets in the world. According to calculations by multiple research institutions, the market size of China’s embodied AI is expected to grow from approximately 213.3 billion yuan in 2018 to 1.09 trillion yuan in 2026, with an average annual compound growth rate of 22% to 23%. The report notes that China possesses the world’s only and most complete full-chain industrial support for embodied AI, spanning from core sensors, servo motors, and harmonic reducers to whole-machine assembly and algorithm adaptation, forming a highly clustered industrial ecosystem. The agglomeration effect of parts supply industries in the Yangtze River Delta and Pearl River Delta regions allows new prototype iteration speeds to significantly outpace those in Western countries, and China’s embodied AI sector enjoys particularly prominent cost advantages, with overall manufacturing costs 30% to 50% lower than outside China. [Musk Elon: Optimus robot production will progress extremely slowly in the early stages because all technologies are being developed from scratch] Tesla CEO Musk Elon posted a photo of himself at the Optimus humanoid robot production line at the Fremont factory in California, US, on social media, sparking discussions about Optimus’ mass production progress. Some users noted that Tesla has recently reduced public demonstrations of Optimus, possibly because mass production progress has already exceeded market expectations. In response, Musk replied: “No, Optimus production is going to be extremely slow at the beginning because everything is brand new. It’s not like building cars.” [Bernstein: Japanese automakers’ interest in humanoid robots rekindled] Analysts at Bernstein said in a report that interest from Japanese automakers in humanoid robots appears to be reemerging. They pointed out that Mitsubishi Motors has said it signed a memorandum of understanding with a Japanese startup to jointly develop and mass-produce humanoid robots. The analysts noted that Japanese automakers have a long history of involvement in robotics. By 2050, global humanoid robot shipments could reach 49 million units, and the market would expand to approximately $729 billion. Given the overlap in core technologies (including actuators, sensors, batteries, control units, and AI software), this makes humanoid robots an attractive sector where automakers and suppliers have already accumulated expertise through vehicle deployment. Motor Spot Price To learn more about tax-inclusive weekly prices for various models such as three-phase asynchronous motors, variable frequency motors, DC brushed motors, flat motors, gear motors, linear motors, coreless motors, and motor cores, please click to view(). Voices from All Sides A research report from Huaxin Securities pointed out: Domestically, Yushu’s inquiry and subscription dates have been confirmed; outside China, the Optimus mass production process is accelerating toward implementation, Tesla has clarified capacity targets and issued parts procurement guidance, and the first mass production line is about to come online. We are bullish on the humanoid robot sector ushering in a definitive market trend. It is recommended to prioritize positioning in certain targets within the Tesla chain, which benefit from capacity ramp-up and are expected to drive order growth; at the same time, pay attention to quality enterprises with core parts R&D capabilities and adapted to the mass production needs of humanoid robots, and seize the beta opportunities in the sector. CITIC Securities pointed out that Tesla combines leading AI large model technology with large-scale manufacturing capabilities, and the company is in the top tier of the global embodied AI industry chain. It firmly believes in the mass production and application prospects of Tesla's robots. Tesla's Optimus is about to enter the production phase, and the Cybercab is undergoing testing as planned. It is recommended to focus on core players in the industry chain. A research report from China Securities stated that in July, different rare earth varieties exhibited significant differences in performance. Pr-Nd oxide rose first and then declined, terbium oxide jumped and then pulled back, and dysprosium oxide remained generally stable. Supply side, tight raw material supply issues at scrap plants led to a notable decline in production. According to SMM, Pr-Nd oxide production was down 11% MoM in July, and there may be marginal improvement in August, but overall production remains suppressed. Downstream, the high-temperature holiday season led to reduced operations at motor factories, with demand pulling back. August remains in the off-season, but the September-October peak season is a traditional peak consumption period. Market expectations for the start of demand recovery remain strong. In mid-to-late August, downstream stockpiling is expected to restart, breaking the supply-demand weakness and driving prices to stabilize and move upward. Wanlian Securities pointed out that the humanoid robot industry is currently at the dawn of transitioning from technological breakthroughs to large-scale commercialization. Supply side, Tesla, Unitree Robotics, Agibot, and UBTECH are steadily advancing the mass production pace. Demand side, an aging population and climbing labor costs serve as long-term drivers. Simultaneously, with policy and capital forces jointly boosting, AI large models continuously infuse soul into robots. Humanoid robots are expected to form an emerging industry, gradually moving from B-end to C-end, with vast future market space. Yingda Fund recently released the Q2 2026 report of its fund. The Q2 report of the Yingda Flexible Allocation Fund managed by fund manager Liu Yubin shows that, looking ahead, the fund remains optimistic about opportunities in the humanoid robot industry chain, particularly the Tesla Optimus supply chain. It holds positions centered on core Tier 1 suppliers and key parts top-tier players, strengthening a performance and order-driven approach, and focusing on the mass production progress of global leaders and the pace of commercialization of the domestic supply chain. Liu Yubin judges that data is the core foundation for the iteration of general embodied AI. Subsequently, he will increase allocation to quality targets that combine self-developed data acquisition hardware barriers and build complete end-to-end data closed loops, while continuously improving the portfolio framework. (Jinshi Data APP) Want to know more about the fundamentals, technicals, and policy aspects of the motor industry? Please participate in

Rio Tinto-operated Bell Bay Aluminum has been excluded from Australia's AUD 2 billion Green Aluminum Production Credit scheme, increasing pressure on the smelter to secure a long-term power agreement before the end of the year. Bell Bay is Australia's only predominantly renewable-powered primary aluminum smelter, with an annual production capacity of 187,000 tonnes. The facility accounts for around 25% of Tasmania's electricity consumption and exports more than 90% of its aluminum production to Asian markets. Without competitive power pricing and government support, the smelter faces uncertainty over its operations beyond 2026.

Relying on the dual carbon strategy and the development trend of the circular economy, China's recycled metal industry leads the world in scale while facing numerous development challenges. To help enterprises seize policy and market opportunities and solve industry development problems, SMM will grandly host the 2026 SMM Recycled Metal Industry Summit and Melting & Casting Technology Special Session on August 17–18, 2026 in Ningbo, Zhejiang . Chongqing Da'ao Metallurgical Technology Co., Ltd. – Luoyang Da'ao Metallurgical Materials Co., Ltd. sincerely invites you to witness and participate in building an international platform for exchange, cooperation, resource sharing, and collaborative innovation, contributing to the construction and improvement of the global resource recycling system and supporting the transition to a global green economy. Click to register immediately. All for high-quality casting Company's Main Business Scope Processing and sales of casting machines, graphite slab crystallisers, fully oil-sealed aluminum slab crystallisers, round bar crystallisers, aluminum (cast steel) dummy bar heads, aluminum liquid distribution bags, and other casting tooling and auxiliary materials; sales of aluminum (copper) plate/sheet, strip, and foil products; and providing non-ferrous metal processing enterprises with production technology solutions, solving technical problems, technical skill training, new product development and upgrading, and other services. Aluminum fully oil-sealed crystalliser Large-size hard alloy crystalliser Graphite adjustable crystalliser Aluminum liquid distribution bag The company has a practical research team deeply engaged in aluminum and aluminum alloy melting and casting production technology research and operation, consistently leading the forefront of related technology exploration. It has in-depth understanding of imported casting equipment and systems such as Wagstaff, Novelis, Alme, and Hydro, and has established long-term cooperative relationships with multiple domestic professional research institutions and large-scale aluminum processing enterprises. Combined with the characteristics of traditional Chinese casting methods, it has developed a variety of proprietary branded slab crystallisers and round billet crystallisers for semi-continuous casting of aluminum and aluminum alloys. Contact Information 023-47676366 0379-65116688 Huang He: Phone 13637961666 Email: Company Website: Company Address: Building 12, Shuangfu Intelligent Manufacturing Park, No. 895, Attachment 27, North Section of Nanbei Avenue, Jiangjin District, Chongqing (Zhongtianyuan) No. 1, Gaoxin Fenghua Road, Luoyang Area, China (Henan) Pilot Free Trade Zone SMM Meeting Contact Guan Changkui 18715173598 Email:

"Tin" Guiding the Future: Industrial Transformation and Value Reshaping in the New Cycle Conference Background Currently, the global tin industry stands at a historic turning point. Traditional cyclical logic has been completely disrupted, and its strategic value has been fully highlighted. In 2026, the tin market presents an unprecedentedly complex pattern and profound changes: I. Deep Restructuring of the Supply-Demand Pattern and Unprecedented Elevation of Strategic Attributes The global static reserve-to-production ratio of tin resources is only 14 years, making its scarcity increasingly prominent. The supply side faces "triple pressures": recurring production resumptions in Myanmar, persistently tightening policies in Indonesia, and high geopolitical risks in the DRC, making resource constraints a new normal. Meanwhile, the demand structure has undergone a fundamental shift, with tin becoming a strategic resource connecting traditional manufacturing and the digital future. II. The Price System Breaks Historical Records, and the Industrial Ecosystem Faces Reshaping In early 2026, the SHFE tin price exceeded 470,000 yuan/mt, hitting a record high. This price breakthrough not only reflects a supply-demand imbalance but also signifies a revaluation of the tin industry. Traditional trading models, risk management systems, and supply chain collaboration methods are all in urgent need of innovative breakthroughs. III. Technology-Driven and Green Transformation Foster 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 towards low-carbon and circular economy models, with recycled tin recovery and green smelting processes becoming inevitable paths. All links in the industry chain must shift from competition to collaboration, building an open, resilient, and innovative symbiotic system. Against this backdrop, the August 19-21, 2026, Changsha, Hunan 2026 SMM (16th) Tin Industry Chain Conference will bring together global industry elites for in-depth discussions. Ganzhou Kaiyuan Technology Co., Ltd. will attend this grand event, joining industry peers to discuss industry development trends and jointly propel the tin industry to new heights. Click the to register for the conference immediately, witness and participate in this extraordinarily significant and far-reaching industry event, and create a brilliant new chapter together! Founded in June 2005, Ganzhou Kaiyuan Technology Co., Ltd. is a modern environmental protection technology enterprise with significant core competitiveness and industry influence in China's non-ferrous metal comprehensive recycling and circular economy sector. The company is deeply engaged in the track of renewable non-ferrous metal resource utilization, focusing on achieving efficient, comprehensive recovery of tin based on tin-containing raw materials, while simultaneously recovering up to 15 valuable non-ferrous metal products, including lead, antimony, bismuth, zinc, copper, gold, and silver. It is one of the benchmark enterprises in China with the most complete range of recycled metal categories. With advanced technology and a professional team, the company is dedicated to transforming waste resources into valuable assets, contributing to sustainable resource utilization and environmental protection. The company currently has over 1,000 employees and strong comprehensive strength. It has been recognized as a key enterprise at provincial, municipal, and district levels and as a leading manufacturing enterprise in Jiangxi Province, with its industry position and comprehensive strength firmly ranking in the first tier of the regional industry. It was honored as a 10-billion-yuan industrial enterprise for 2021-2022 and has been listed among the Top 100 Private Enterprises in Jiangxi Province for many consecutive years. In 2022 and 2025, it also successfully entered the Top 500 Private Manufacturing Enterprises in China (ranked 430th and 499th), fully demonstrating the company’s strong operational capability and core competitiveness in the industry. Emphasizing both quality and environmental protection is the company’s core development principle. The enterprise strictly adheres to the highest industry standards in production and operation, and has successfully passed the dual authoritative certifications of ISO quality management system and ISO environmental management system. It has established a standardized, regulated, and refined production control and environmental management system, ensuring stable and excellent product quality while strictly upholding the bottom line of ecological and environmental protection, demonstrating its responsibility and commitment. To implement the green development concept of the central government and the provincial party committee and government, and actively responding to the call of the district party committee and government for “relocating from urban areas to suburbs and carrying out off-site technological transformation,” the company relocated to Longhua Industrial Park, Nankang District, Ganzhou City, Jiangxi Province in 2016. The new plant covers a total area of 540 mu (about 36 hectares), with a total project investment of 2.06 billion yuan. After upgrading and equipment renewal, it officially began production in May 2018, fully achieving intelligent production, standardized environmental protection, and scaled industrial upgrading, laying a solid hardware foundation for the company’s high-quality development. The company’s main products are refined tin ingots, with by-products including sodium tungstate, copper cathode, lead, bismuth, and other metals, as well as rare and precious metals such as gold, silver, palladium, platinum, rhodium, indium, germanium, and tellurium. For a long time, the company has adhered to the core strategy of parallel development of technological innovation and ecological advancement, continuously deepening core technologies for comprehensive utilization of tin-containing raw materials, increasing investment in tin smelting process R&D and environmental protection equipment, and continuously improving the industrial chain layout and extending the industry value chain, thereby promoting industrial quality improvement, efficiency enhancement, and green upgrading. Its business performance has grown steadily and robustly. From 2021 to 2025, the company’s main business revenue exceeded 10 billion yuan for five consecutive years, solidifying its status as a 10-billion-yuan industrial enterprise. Currently, the company’s annual capacity for refined tin exceeds 50,000 mt, with over 20,000 mt for other metals, accounting for one-fifth of national production and ranking among the top 2 nationwide. It is one of China’s important enterprises with the most varieties of comprehensively recovered precious metals. Contact Information Tel: 86-797-6581062 Address: Longhua Industrial Park, Nankang District, Ganzhou City, Jiangxi Province Long press the QR code to register now 2026 SMM (16th) Tin Industry Chain Conference

The year 2026 marks the official commencement of the 15th Five-Year Plan, ushering in a critical period of transformation and upgrading for the conductor wire and cable as well as electrical materials industry. Driven by the dual-carbon strategy, new-type power system construction, energy transition, and AI technology empowerment, sectors such as ultra-high voltage, new energy, computing centers, and NEVs are experiencing rapid development, effectively boosting the market demand for high-end copper and aluminum conductors and cable materials. The industry faces both opportunities and challenges, with tight supply and significant price fluctuations of copper and aluminum raw materials, compounded by geopolitical trade and cost volatility, leading to sustained pressure on enterprise operations and supply chains, as well as intensified industry competition. Meanwhile, the accelerated application of aluminum as a substitute for copper and new copper-aluminum composite materials, alongside continuous advancements in intelligent manufacturing and green low-carbon technologies, is driving industrial quality enhancement and upgrading. Against this backdrop, Shanghai Metals Market (SMM) will host the 2026 SMM (11th) Conductor Wire and Cable Industry Exhibition & Electrical Materials Industry Annual Conference on November 5-6, 2026 in , bringing together resources from the entire industry chain to establish a professional and efficient platform for cooperation and exchange. SMM joins hands with Jiangsu Daoming Chemical Co., Ltd. to invite industry peers to participate, collectively supporting enterprises in overcoming challenges and promoting high-quality industry transformation. Click the to sign up immediately. We look forward to meeting you at the conference. Daoming DCP, the trusted choice of global wire and cable factories! Jiangsu Daoming Chemical Co., Ltd. , established in March 2012, was invested by Shanghai Xintianhe Industrial Co., Ltd. The company is located at No. 168 Jianghai Road, Qidong Riverside Fine Chemical Park, Jiangsu Province, with its headquarters in Shanghai. The total project investment amounts to 530 million yuan, with a registered capital of 223.6 million yuan, covering an area of 155.4 mu and a total construction area of 73,536 m². The company implements an annual production capacity of 24,000 mt (Phase I: 12,000 mt, Phase II: 12,000 mt) of dicumyl peroxide (DCP). The DCP production process is mature, advanced, and features controllable safety measures. The entire process employs DCS control and ESD emergency shutdown systems. The oxidation reaction utilizes the currently advanced low-pressure dry oxidation process, with the system using DCS for process indication, alarm, and control, and SIS for safety interlock measures on critical processes. The production scale, process technology, and product quality all meet professional standards. The product is primarily used as a cross-linking agent in rubber and plastic processing, mainly applied in footwear (EVA), building insulation materials (EPS), and the wire and cable industry, with nearly 50% of the products exported to markets in Europe, the Americas, and beyond. The products are mainly supplied to internationally renowned enterprises such as Borouge, Hanwha, Wanma, and Wanhua Chemical. The company has a team of technical personnel with extensive production management experience. Currently, it has over 210 employees, including more than 100 with a college degree or above. The company has a professional R&D center, testing center, and production site. It advocates the philosophy of green ecology and clean production, strictly implements relevant national environmental protection standards, and has designed and built a regenerative thermal oxidizer (RTO) project in accordance with petrochemical regulations, along with wastewater treatment facilities and a hazardous waste storage warehouse. It has passed six system certifications: quality management, environmental management, occupational health and safety management, energy management, EcoVadis, and REACH. Daoming Chemical will follow the development direction of technology and environmental protection, adhere to the service philosophy of " Customer First, Consistent Always ", uphold the business policy of " Standardized Management, Market-Oriented Operation ", and strive hard to become a professional chemical enterprise in the industry. Contact Information Wang Jun 137 7351 1805 SMM Conference Contact Zhang Guolei 166 0190 0190 zhangguolei@smm.cn Scan the QR code to attend immediately

Recently, the national headquarters project of Jiefang Times New Energy Technology Co., Ltd. was officially established in the Tianjin Port Free Trade Zone. As an innovative platform co-created by three industry giants—FAW Jiefang, CATL, and Tgood—for full-lifecycle services of new energy commercial vehicles, Jiefang Times will use Tianjin as its strategic hub to accelerate the deep transformation of the commercial vehicle industry toward green, electric, and intelligent development. Alongside the establishment of the headquarters, Jiefang Times' business expansion is also progressing rapidly. The company aims to achieve total assets exceeding 5 billion yuan and operating revenue reaching 1 billion yuan in 2026, serving as a key pillar for FAW Jiefang's new energy commercial vehicle leasing business.

SMM, August 3: Metal market, as of the midday close, domestic base metals showed mixed performance. SHFE copper rose 0.13%, SHFE aluminum fell 0.4%. SHFE lead fell 1.25%. SHFE zinc rose 1.02%. SHFE tin rose 0.36%. SHFE nickel fell 1.91%. Additionally, the most-traded cast aluminum futures contract fell 0.21%, the most-traded alumina contract fell 0.34%. The most-traded lithium carbonate contract fell 1.02%. The most-traded silicon metal contract rose 0.86%. The most-traded polysilicon futures contract rose 7.11%. Ferrous metals all declined. Iron ore fell 2.44%, rebar fell 0.86%, HRC fell 0.71%. Stainless steel fell 1.16%. Coking coal and coke: the most-traded coking coal contract fell 1.04%, and the most-traded coke contract fell 1.37%. Overseas base metals, as of 11:48, LME metals mostly fell. LME copper rose 0.17%, LME aluminum fell 0.3%, LME lead fell 0.16%, LME zinc rose 0.78%. LME tin fell 0.27%. LME nickel fell 1.42%. Precious metals, as of 11:48, COMEX gold rose 0.27%, COMEX silver rose 0.92%. Domestic precious metals: SHFE gold fell 0.57%, the most-traded SHFE silver contract fell 0.48%. Additionally, as of the midday close, the most-traded platinum futures contract rose 0.52%, while the most-traded palladium futures contract fell 0.21%. As of the midday close, the most-traded European container shipping freight rate futures contract rose 2.94% to 1,801 points. As of 11:48 on August 3, selected futures midday quotes: Spot and Fundamentals Copper: Today, spot #1 copper cathode in Guangdong against the front-month contract: high-quality copper was quoted at 100 yuan/mt, down 20 yuan/mt from the previous trading day; standard-quality copper was quoted at a premium of 10 yuan/mt, down 30 yuan/mt from the previous trading day; SX-EW copper was quoted at a discount of 50 yuan/mt, down 30 yuan/mt from the previous trading day. The average price of #1 copper cathode in Guangdong was 105,815 yuan/mt, up 25 yuan/mt from the previous trading day, while SX-EW copper averaged 105,695 yuan/mt, up 5 yuan/mt. Spot market: After the weekend, Guangdong inventory ended a three-session decline... Macro Front China: [China's July RatingDog manufacturing PMI recorded 50.9, marking the eighth consecutive month in expansion territory] China’s July RatingDog manufacturing PMI recorded 50.9, down 0.8 percentage points from June, extending its expansion streak to an eighth consecutive month and tying with the longest expansion run in five years. Overall, manufacturing expansion continued in July, but the pace slowed. New orders continued to grow, cost pressure further eased, and new export orders returned to expansion, releasing a positive signal. However, purchasing activity declined somewhat, and the inventory of input goods accumulated earlier by enterprises kept rising, which are risk points to monitor going forward. (RatingDog) [The CSRC and Hong Kong SFC Jointly Announce New Measures to Deepen Pragmatic Cooperation and Close Collaborative Development Between the Two Markets] The China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC) of Hong Kong jointly announced a series of new measures to further deepen pragmatic cooperation and close collaborative development between the two markets. Covering multiple areas including listing and financing, index cooperation, futures products, exchange-traded funds (ETFs), internationalization of financial institutions, green finance, and professional qualification facilitation, the specific measures include: continuing to support eligible domestic enterprises to list and raise funds in Hong Kong; supporting index companies in both markets to strengthen cooperation and launch more indices based on Chinese assets, enhancing the international influence of Chinese indices and assets; deepening cooperation in futures markets and supporting Hong Kong in launching more RMB-denominated and settled futures products; supporting institutions in both markets to launch more ETF products based on the two markets and aligned with China’s modern industrial system, and implementing a fast-track registration mechanism for regular equity ETF products, among others. (Jin10 Data APP) [Hong Kong Exchange Officially Launches 5-Year RMB Government Bond Futures] Hong Kong Exchanges and Clearing Limited (HKEX) today (August 3) officially launched the 5-year RMB government bond futures. As the only government bond futures contract product in the offshore market, it aims to meet the growing interest rate risk management and trading needs of overseas investors. The launch of the 5-year government bond futures is an important step in promoting Hong Kong as an offshore RMB hub and risk management center. (CCTV News) [The PBOC's Open Market Operations Resulted in a Net Withdrawal of 562.5 Billion Yuan Today] The PBOC conducted 63 billion yuan in 7-day reverse repo operations and 300 billion yuan in overnight reverse repo operations today. With 325.5 billion yuan in 7-day reverse repos and 600 billion yuan in overnight reverse repos maturing today, the net withdrawal for the day was 562.5 billion yuan. 》 On August 3, the central parity rate of the yuan in the interbank foreign exchange market was 6.7898 per US dollar. US Dollar: As of 11:48, the US dollar index was down 0.05% at 99.75. According to the CME FedWatch Tool: the probability that the Fed will keep interest rates unchanged at the September meeting is 26.4%, while the chance of a cumulative 25bp rate hike stands at 73.6%. For the October meeting, the probability of keeping rates unchanged is 19.9%, with a 62.1% probability of a cumulative 25bp hike and a 17.9% chance of a cumulative 50bp hike. According to the New York Times, Fed Chairman Warsh is reportedly considering reducing the number of regularly scheduled interest-rate decision meetings of the Federal Reserve, a move that could cause significant shockwaves and would mark the most significant change in the Fed's operations in recent years. Currently, the 12-member Federal Open Market Committee (FOMC) meets eight times a year to vote on whether to raise, lower, or maintain borrowing costs. According to four people familiar with the matter, Warsh raised the idea of adjusting the meeting frequency at this week's Fed meeting. According to the sources, at this week's meeting, Warsh discussed the legal basis the Fed must adhere to regarding the minimum number of meetings required annually, as well as the timetable for such adjustments. It was said that Warsh asked officials to provide him with their views, rather than holding a full discussion on the meeting schedule at this week's meeting. (Jin10 Data APP) Other currencies: Japan's Ministry of Finance said the intervention was aimed at addressing recent excessive, disorderly movements in the yen. It will not hesitate to conduct further foreign exchange intervention with the United States, and plans to use the Fed's Foreign and International Monetary Authorities (FIMA) Repo Facility in the future. JPMorgan said that the U.S. Treasury Department's liquidity resources available to support further coordinated currency intervention with Japan are limited, but its firepower could be significantly expanded if officials take more unconventional measures. Strategists including Junya Tanase wrote in a report that as of June, the Treasury's Exchange Stabilization Fund held around €13 billion in euro-denominated assets and $25.5 billion in assets, which pales in comparison to Japan's intervention scale of roughly $35 billion to $60 billion between 2022 and 2026. JPMorgan noted that the Treasury could significantly boost its firepower by converting its holdings of International Monetary Fund Special Drawing Rights (SDRs) into dollars, and by swapping foreign currency assets into dollars. In that scenario, the Treasury could theoretically mobilize up to around $187 billion, and the participation of the Fed could effectively double the scale of any intervention. However, they wrote: "We do not think the Treasury has unlimited capacity to intervene, as the Exchange Stabilization Fund's resources are finite and new funds might require congressional appropriation." (Jin10 Data APP) Data: Today will see the release of Switzerland July CPI m/m, France July manufacturing PMI final, Germany July manufacturing PMI final, Eurozone July manufacturing PMI final, UK July manufacturing PMI final, US July S&P Global manufacturing PMI final, US July ISM manufacturing PMI, US June construction spending m/m, and other data. Crude oil: As of 11:48, oil prices on both exchanges fell sharply, with WTI down 5.52% and Brent down 4.9%. Oil prices tumbled sharply in early Asian trading on Monday, following Trump’s announcement that the US and Iran would resume negotiations on Monday, significantly raising market expectations for the reopening of the Strait of Hormuz. (Wall Street CN) The decline in oil prices was driven by two major factors. First, the news of the US-Iran negotiations resuming directly boosted expectations for the restoration of shipping in the Strait of Hormuz. Second, major OPEC+ members again slightly raised production quotas, further intensifying supply-side pressure. Iranian Foreign Minister Abbas Araghchi stated on Telegram on Sunday that negotiations between Iran and Oman are in their final stage, with both sides discussing new shipping routes for the Strait of Hormuz. However, Iranian Foreign Ministry Spokesperson Esmail Baghaei added in an interview with Iran’s state television that the relevant negotiations do not concern the opening or closing of the strait. (Wall Street CN) Spot Market Overview: ► ► ► ► ► ► ► ► ► ► ► ► ►

Recently, the Ministry of Industry and Information Technology issued the 15th Five-Year Plan for Green and Low-Carbon Industrial Development, making systematic deployment in areas such as green energy utilization, carbon reduction in key industries, hydrogen industry cultivation, advanced equipment promotion, and technological innovation, to further increase the application proportion of clean energy like green electricity and green hydrogen in the industrial sector. The plan proposes that, on the premise of complying with national industrial layout requirements, regions with abundant green energy be supported to orderly undertake industries such as aluminum, steel, petrochemicals and chemicals, PV, and power batteries, extend the green energy industry chain, promote the large-scale application of green hydrogen, ammonia, and methanol, and enhance the on-site consumption capacity of green energy. At the same time, a number of zero-carbon factories and zero-carbon computing facilities will be built, exploring replicable and scalable construction models. Industrial green microgrids are also listed as a key development direction. The plan proposes promoting the integrated application of technologies such as PV, wind power, heat pumps, new-type energy storage, hydrogen energy, waste heat, pressure, and gas, and smart energy management, to facilitate the efficient complementary utilization of various energy sources in the industrial sector. In terms of key industry transformation, the steel industry will accelerate the concentration of steel scrap and green electricity resources to electric furnace short-process steelmaking enterprises, and promote the industrialisation of low-carbon metallurgical technologies such as hydrogen-rich, oxygen-rich, and carbon-circulating blast furnaces and pure hydrogen direct reduction. The petrochemical and chemical industries will orderly expand the application proportion of green energy and low-carbon raw materials such as green electricity, green hydrogen, and biomass, and implement process upgrades like new-type catalysis, green synthesis, and high-efficiency separation, to drive the upgrade of calcium carbide method PVC production towards a mercury-free direction. The plan clarifies that hydrogen energy industry should be developed according to local conditions, with breakthroughs in key technologies for clean and low-carbon hydrogen production and application, promotion of hydrogen energy comprehensive application pilot projects, and expansion of the use of clean and low-carbon hydrogen in areas such as industry and transportation. In terms of new energy transportation equipment, the policy will support the development of ships powered by batteries, methanol, and hydrogen, and accelerate the application of new energy in inland waterway vessels; at the same time, orderly develop new energy aircraft such as electric and hydrogen-powered ones, and promote the use of sustainable aviation fuel in domestic civil aircraft. The promotion of energy-saving equipment will also be further intensified. The plan proposes accelerating the R&D and application of advanced products such as high-efficiency energy-saving motors, transformers, industrial heat pumps, cooling and heating equipment, water electrolysis hydrogen production equipment, and information and communication equipment, and strengthening the coordination and matching between energy-saving equipment and related systems. Focusing on cutting-edge technological innovation, the plan will prioritize technologies such as hydrogen production from renewable energy, high-efficiency crystalline silicon-perovskite tandem cells, high-efficiency thin-film batteries, all-solid-state batteries, sodium-ion batteries, green metallurgy, inert anodes, flexible electrolysis, kiln hydrogen calcination, direct crude oil to chemicals, and carbon capture, storage, and utilization. In addition, relevant departments will build a number of pilot-scale verification platforms for clean and low-carbon hydrogen, low-carbon and zero-carbon process reengineering, and high-performance water treatment membranes, and through open and shared pilot-scale service capabilities, reduce the market verification costs of low-carbon technologies. In terms of talent cultivation, the plan encourages qualified universities to set up disciplines and majors related to green design, green manufacturing, hydrogen energy, etc., build industry-education integration training bases, explore the establishment of new professions such as green factory management, and accelerate the cultivation of compound talents with both green low-carbon technology and management capabilities.

Recently, the 100kt Liquid Sunshine Project of China Coal Ordos Energy & Chemical Co., Ltd. has fully entered the final sprint stage toward commissioning. The project deeply integrates wind and solar new energy power generation, hydrogen production via water electrolysis, and coal chemical production, exploring a new path for green and low-carbon transformation of traditional coal chemical industry. Currently, equipment purging and single-unit commissioning work at the project construction site are progressing in an orderly manner. Pipeline purging for the methanol distillation unit has been completed, and at this stage, purging operations for equipment such as hydrogen compressors and hydrogen spherical tanks are mainly underway. Conditions for the project's mechanical completion are basically ready, and subsequently, construction power will be used to advance oil circulation and water circulation for the distillation unit and compressors, with plans to get the chemical production process running by the end of the year. As the world's first industrial demonstration project for liquid sunshine, the project has a total investment of 4.967 billion yuan and is expected to produce 21,000 mt of green hydrogen annually, supported by 400 MW of PV and 225 MW of wind power facilities. The project utilizes carbon dioxide from the tail gas emitted by the existing Rectisol unit and combines it with hydrogen produced from water electrolysis using wind and PV green electricity to synthesize green methanol, while also constructing supporting units for hydrogen storage and transmission, forming an industrial model that integrates new energy with coal chemical industry. According to the project's relevant person in charge, once the plant is put into operation, it is expected to achieve the resource utilization of 150,000 mt of carbon dioxide per year, indirectly reducing carbon emissions by approximately 350,000 mt. Compared with a traditional coal-to-methanol project of equivalent scale, it can also reduce coal consumption by 140,000 mt per year, yielding significant energy-saving and carbon-reduction benefits. In terms of technology application, the project has achieved comprehensive localisation in key aspects such as catalysts, reactors, electrolyzers, and their supporting systems, laying the foundation for the engineering and large-scale application of liquid sunshine technology. Once completed and operational, the project will support Ordos in building a zero-carbon industrial demonstration model and establish a replicable and scalable green methanol production solution, providing practical reference for the coal chemical industry to achieve its peak carbon dioxide emissions and carbon neutrality goals and to expand the global green fuel market.

"Tin" Leads the Future: Industry Transformation and Value Reshaping in the New Cycle Conference Background Currently, the global tin industry is at a historic turning point. Traditional cyclical logic has been completely shattered, and strategic value has been fully highlighted. The tin market in 2026 is exhibiting an unprecedented complex pattern and profound transformation: I. Deep Reconstruction of Supply-Demand Pattern, Unprecedented Enhancement 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 pressure": the repeated delays in production resumptions in Myanmar, persistently tightening policies in Indonesia, and high geopolitical risks in the DRC. Resource constraints have become the new normal. Meanwhile, the demand structure is undergoing a fundamental shift, and tin has become a strategic resource connecting traditional manufacturing with the digital future. II. Price System Breaks Historical Records, Industry Ecology Faces Reshaping In early 2026, SHFE tin prices broke through 470,000 yuan/mt, reaching a historical high. This price breakthrough not only reflects supply-demand imbalance but also marks a revaluation of the tin industry's value. Traditional trade models, risk management systems, and supply chain collaboration methods all urgently need innovation and breakthroughs. III. Technology-Driven and Green Transformation Foster a New Symbiotic Ecosystem Digitalization and intelligent technologies are deeply empowering the tin industry chain. The global green transformation requires the tin industry to upgrade towards low-carbon and circular economy, with recycled tin recovery and green smelting processes becoming the inevitable path. All links in the industry chain must shift from competition to collaboration, building an open, resilient, and innovative symbiotic system. Against this backdrop, on August 19-21, 2026 in Changsha, Hunan held 2026 SMM (16th) Tin Industry Chain Conference will gather global industry elites for joint discussions. Shanghai Jiushi Metal Materials Co., Ltd. will attend this grand event, discussing industry development trends with peers and jointly promoting the tin industry to new heights. Click to register now and attend the conference, to witness and participate in this extraordinary and far-reaching industry event, and to jointly create a brilliant new chapter! Founded in 2008 with a registered capital of 100 million yuan, Shanghai Jiushi Metal Materials Co., Ltd. is a comprehensive enterprise specializing in non-ferrous metal raw material trading and integrating domestic and international trade resources. For over a decade, the company has deeply cultivated its main business in non-ferrous metals, consistently adhering to a philosophy of steady operation and professional service capabilities, steadily consolidating its brand and market foundation. It has accumulated a solid cooperation foundation and a good market reputation within the industry. The company primarily deals in electrolytic tin ingots, #1 electrolytic lead ingots, silver, nickel plates, zinc ingots, lead concentrates, and other non-ferrous metal products. It has formed a multi-category, full-chain supply chain service system, with a processing capacity of 30,000 mt of alloys, capable of meeting clients' diversified and integrated procurement and processing needs. After years of prudent strategic planning, the company has maintained a steady trade scale with ample supply reserves. Its current annual sales include 15,000 mt of tin ingots, 2,000 mt of silver, 200,000 mt of No.1 primary lead ingots, 300,000 mt of zinc ingots, 20,000 mt in metal content of lead concentrates, and 50,000 mt of nickel plates. Its total trade volume exceeded 10 billion yuan in 2025, demonstrating large-scale, regular, and sustainable stable supply capabilities. The company has always adhered to the business philosophy of "integrity and quality assurance, customer first, mutual benefit and symbiosis, and win-win cooperation," deeply cultivating the upstream and downstream of the industry chain and establishing a mature and stable supply-demand cooperation system. Upstream, it has long connected with large smelters in core production areas such as Yunnan, Guangxi, Zhejiang, Jiangxi, and Inner Mongolia, maintaining long-term stable strategic cooperation to control purity and quality at the source, ensuring sufficient supply and stable quality of tin ingots and various non-ferrous metal raw materials. Downstream, with Shanghai and Guangdong as core hubs, it has built a nationwide sales and service network covering east China, south China, and north China, offering rapid service response and stable, efficient delivery. With tin ingot trade as its core business, the company relies on ample spot reserves, stable source supply, and large-scale supply advantages to precisely connect with various downstream end-users, mainly serving clients in manufacturing fields such as electronics, PV, new energy, alloys, and chemicals. It can continuously and stably supply high-purity tin ingots and supporting non-ferrous metal raw materials according to different customers' production standards and material requirements. With service advantages of precise matching, controllable quality, and timely delivery, it has served a wide range of partners over the long term, accumulating a solid customer base and a strong industry reputation. In terms of operations and management, the company has established a standardized internal management system and a rigorous risk control and compliance system, strictly adhering to compliance bottom lines and tightly controlling operational risks to ensure long-term stable business operations. At the same time, leveraging deep industry expertise and market insights, it continuously optimizes its trade service models, flexibly uses diversified financial and trade financing tools, and customizes suitable cooperation plans based on actual customer needs, achieving mutual benefit and win-win outcomes for both sellers and buyers under the premise of sound risk control. Looking ahead, Shanghai Nine Stone Metal will continue to uphold the development concept of pragmatism, innovation, and steady progress, continuously optimizing its risk control system and enhancing the professional capabilities of its team. It will further improve the entire industry chain layout of non-ferrous metals, consolidate its core advantages in tin materials, steadily expand downstream markets and emerging application fields, and continuously advance high-quality and stable development. The company will join hands with industry peers and clients to cooperate and create mutual success. Founded in 2008 with a registered capital of RMB 100 million, Shanghai Nine Stone Metal Materials Co., Ltd. is a professional integrated enterprise engaged in non-ferrous metal commodity trading and global supply chain resource integration. With more than ten years of focused cultivation in the non-ferrous metal sector, the company has upheld a conservative operational strategy and premium service norms, steadily strengthened its brand equity and market foothold, and fostered stable cooperative relationships and a prestigious market standing within the industry. The company’s mainstream product lineup comprises electrolytic tin ingots, 1# standard electrolytic lead ingots, fine silver, nickel cathode plates, zinc ingots and lead concentrates, covering a full range of mainstream non-ferrous metal commodities. It has built a one-stop diversified supply chain service system, paired with an annual alloy processing capacity of 30,000 tons, to satisfy clients’ comprehensive customized procurement and processing demands. Supported by long-term strategic market deployment, the company boasts sustainable trading scale and adequate spot inventory. Its annual trading volume stands at 15,000 tons of tin ingots, 2,000 tons of fine silver, 200,000 tons of 1# standard electrolytic lead ingots, 300,000 tons of zinc ingots, 20,000 metal tons of lead concentrates and 50,000 tons of nickel plates. The company’s total trading turnover exceeded RMB 10 billion in 2025, enabling large-scale, standardized and enduring bulk commodity supply capacity. Adhering to the corporate principle of Integrity and Quality Priority, Customer Centricity, Mutual Benefit and Win-Win Partnership, the company has deeply penetrated the upstream and downstream segments of the industrial chain and established a mature and stable supply-demand collaboration system. Upstream, it maintains long-term strategic cooperative partnerships with benchmark smelting enterprises in core producing areas including Yunnan, Guangxi, Zhejiang, Jiangxi and Inner Mongolia. Through strict source quality control over product purity and specifications, the company guarantees stable supply and consistent quality uniformity of tin ingots and all non-ferrous metal commodities. Downstream, with Shanghai and Guangdong as core regional hubs, it has established a nationwide sales and after-sales service network covering East, South and North China, featuring rapid response and reliable full-cycle delivery efficiency. Centering on tin ingot bulk trading as its core pillar business, the company serves terminal manufacturing enterprises across electronics, photovoltaic, new energy, alloy manufacturing and fine chemical industries, relying on sufficient spot stock reserves, stable upstream resource channels and large-scale bulk supply advantages. It is capable of supplying high-purity tin ingots and supporting non-ferrous metal materials in a sustained manner in compliance with clients’ customized production criteria and material technical requirements. Driven by precise commodity matching, standardized quality control and on-time delivery assurance, the company has served a large number of long-term strategic partners and accumulated solid customer resources and superior industrial credibility. In corporate governance and operational management, the company has implemented standardized internal management mechanisms and established a rigorous compliance and risk management & control (RMC) system. It strictly abides by industrial specifications and regulatory policies, effectively mitigates operational risks, and ensures the long-term stable and compliant operation of all trading businesses. Drawing on profound industrial experience and forward-looking market insight, the company continuously optimizes its trading service model, flexibly applies diversified trade financing and financial instruments, and develops personalized cooperation solutions tailored to clients’ actual operational needs, realizing sustainable mutual benefit and win-win development for both supply and demand parties under standardized risk control. Looking forward, Shanghai Nine Stone Metal will continue to uphold the development tenet of pragmatism, innovation and steady progression. The company will further iterate and upgrade its risk control system, improve the professional competency of its core team, optimize the full industry chain layout of non-ferrous metal commodities, and consolidate its leading edge in tin material trading. It will steadily expand downstream market coverage and emerging industry application scenarios, promote high-quality and sustainable corporate development, and join hands with industrial peers and global clients to deepen strategic cooperation and create shared industrial value. Contact Information Zhou Long 15821697119 Wang Lin 18616349359 Long press to scan the code for immediate registration 2026 SMM (16th) Tin Industry Chain Conference