Against the backdrop of global sustainable development, the recycled metal industry is gaining importance. As the conflict between resource shortages and growing demand intensifies, countries are increasing policy and technology investment in this sector to promote a green economy. Japan, as a key recycled resource hub in Asia, possesses advanced technologies (such as aluminum dross processing) and closed-loop recycling models, and plans to expand the scale of e-waste recycling. However, its domestic capacity to absorb secondary aluminum is limited, necessitating expansion into markets outside China; secondary copper capacity is also expanding simultaneously. Sino-US trade issues have also highlighted the necessity of supply chain stability. Against this backdrop, with the theme "Voice of Low Carbon, Global Resonance," the will be held in Tokyo, Japan, on May 11–12, 2026. At this conference, will participate as an attending company, with Chairman Javier Riba Mas and Asia Manager Jose Maria Lozoya Fontanals in attendance. Global sustainability highlights the importance of the recycled metal sector. With resource shortages intensifying, countries (notably Japan, Asia's recycling hub) are advancing tech and policies. Japan aims to expand e-waste recycling but needs markets outside China for secondary aluminum; secondary copper output is also growing. Sino-US trade tensions further emphasize supply chain stability. 2026 SMM (3rd) Global Renewable Metal Industry Chain Summit (Theme: Voice of Low Carbon, Global Resonance ) is scheduled for May 11–12, 2026 , in Tokyo, Japan . At this conference, RIBA FARRE will attend, with Chairman Javier Riba Mas and Asia Manager Jose Maria Lozoya Fontanals in attendance. Your Trusted Global Partner in Non-Ferrous Metals Processor with more than 85 years experience Your Trusted Global Partner with Over 85 Years of Expertise in Non-Ferrous Metal Processing Comercial Riba Farré was established in 1940 and has long been deeply engaged in the non-ferrous metal recycling sector. Leveraging profound industry experience , the enterprise has firmly established itself in the Spanish domestic market while fully expanding into global markets. Drawing on years of accumulated expertise, we rigorously benchmark against London Metal Exchange quotations daily, updating purchase and sale prices in real time. Riba Farré firmly believes that long-term, sustainable business operations never rely on short-term arbitrage transactions, but rather on a solid corporate structure and persistent, dedicated operations. Our current industry standing is a powerful testament to this philosophy. Comercial Riba Farré se creó en 1940 y desde entonces ha desarrollado su actividad en el sector del reciclaje de metales no férricos. Nuestra EXPERIENCIA nos ha permitido consolidarnos dentro del mercado español y los mercados internacionales. Es la misma experiencia que nos permite garantizar la máxima actualización diaria de los precios de compra y venta de material según la Bolsa de Londres. En Riba Farré estamos convencidos que un NEGOCIO próspero no se basa en transacciones rápidas que ofrezcan beneficios inmediatos, sino en una estructura sólida y en el trabajo constante a lo largo de los años. Y nuestra posición actual confirma esa convicción. The outstanding development of an enterprise is inseparable from a professional, efficient, and motivated core team . The company continuously conducts skills training and implements people-oriented management to constantly enhance the team's overall capabilities. Meanwhile, it is equipped with industry-leading production equipment to fully ensure refined processing and sorting of non-ferrous metals. We consistently introduce cutting-edge intelligent equipment to achieve efficient operations with state-of-the-art capacity. Gran parte de este éxito se debe a la alta calificación, y a la motivación de nuestro EQUIPO . Dos aspectos que Riba Farré potencia cada día mediante la formación continua y el trato personalizado. Nuestro equipo está además plenamente respaldado por la mejor MAQUINARIA para el tratamiento y la clasificación de metales no férricos. Creemos que la máxima eficacia solo se consigue incorporando las máquinas más innovadoras en cada momento. In addition to the core metal recycling business, the group operates the RAEECICLA dedicated division, which specializes in the recycling and processing of e-waste and used electrical appliances. También, a parte de Riba Farré, contamos con RAEECICLA, la división de residuos informáticos y electrónicos. Main Products Productos principales Copper, aluminum, brass, lead, zinc Stainless steel, bronze, nickel, tin Cobre, aluminio, latón, plomo, zinc Acero inoxidable, bronce, níquel, estaño Our Advantages Nuestras ventajas Stable and controllable quality with fully standardized processing Flexible allocation tailored to various supply needs Long-term stable cooperation building reliable partnerships Global presence: Spain, Colombia, China, and India Calidad estable y controlada, procesamiento estandarizado en todo el ciclo. Suministro flexible adaptado a todo tipo de necesidades. Cooperación estable a largo plazo y alianzas comerciales fiables. Presencia global: España, Colombia, China e India. Key Reasons to Choose Riba Farré Por qué elegir Riba Farré Over 80 years of deep industry expertise Extensive global presence across international markets A hands-on producer, not merely a trade intermediary Committed to sustainable circular development Más de 80 años de experiencia consolidada en el sector. Fuerte presencia y expansión en mercados internacionales. Procesador industrial, no solo intermediario comercial. Compromiso firme con la economía circular y la sostenibilidad. Contact Information Contacto +34 932 643 630 INFO@RIBAFARRE.COM SMM Conference Contact Zhang Xiaoyao Mobile: +86 15729506965 Email:

SMM News on June 16: Metal Market: As of the daytime close, domestic market base metals showed mixed performance. SHFE copper, SHFE lead, and SHFE tin all rose, with SHFE copper up 0.19% to lead the gains, while SHFE zinc fell 0.5% to lead the losses. The % changes of the remaining metals fluctuated slightly. The main alumina contract fell 0.73%, while the main casting aluminum contract rose 0.31%. In addition, the main lithium carbonate contract fell 0.7%, the main silicon metal contract rose 0.41%, the main polysilicon contract rose 1.93%, and the main European container shipping contract fell 4.04%. The ferrous metals series rose collectively. Rebar rose 0.98%, HRC rose 1.07%. In the coking coal and coke segment, coking coal rose 2.84%, and coke rose 1.9%. In the overseas market, as of 15:03, overseas market base metals generally rose, with only LME aluminum and LME tin falling. LME tin fell 0.24%, LME aluminum fell 0.04%, and LME zinc rose 0.53%. The remaining metals all rose slightly. In the precious metals segment, as of 15:03, COMEX gold fell 0.47%, and COMEX silver rose 0.48%. Domestically, SHFE gold fell 0.08%, and SHFE silver rose 0.45%. Market conditions as of 15:03 today 》Click to view SMM Market Dashboard Macro Front Domestic Aspect: [National Bureau of Statistics (NBS): Industrial Added Value Above Designated Size Grew 5.8% in May, with the National Economy Generally Stable and Making Steady Progress] The NBS showed that in May, the industrial added value above designated size actually increased by 5.8% YoY. On a MoM basis, the industrial added value above designated size increased by 0.61% compared to the previous month. From January to May, the industrial added value above designated size increased by 6.3% YoY. By industry, in May, 35 out of 41 major industry categories maintained YoY growth in added value. Among them, the coal mining and washing industry grew by 5.5%, the oil and natural gas extraction industry grew by 5.3%, the agricultural and sideline food processing industry grew by 7.6%, the liquor, beverage, and refined tea manufacturing industry grew by 4.1%, the textile industry grew by 0.6%, the chemical raw material and chemical product manufacturing industry grew by 5.9%, the non-metallic mineral products industry fell by 0.6%, the ferrous metal smelting and rolling processing industry grew by 4.8%, the non-ferrous metal smelting and rolling processing industry grew by 8.1%, the general equipment manufacturing industry grew by 6.3%, the special equipment manufacturing industry grew by 2.3%, the automobile manufacturing industry grew by 11.6%, the railway, shipbuilding, aerospace, and other transportation equipment manufacturing industry grew by 14.6%, the electrical machinery and equipment manufacturing industry grew by 11.0%, the computer, communication, and other electronic equipment manufacturing industry grew by 10.2%, and the electric power, heat production, and supply industry grew by 2.0%. Overall, in May, as the combined effects of policies continued to unfold, the effects of stabilizing the economy and promoting development became evident. The national economy maintained a generally stable development trend with steady progress, fully demonstrating the resilience and vitality of China's economy. However, it should also be noted that there are many external uncertainties and destabilizing factors, and the endogenous momentum for expanding domestic demand still needs to be strengthened. The foundation for sustained economic rebound and improvement still needs to be consolidated. 》Click to view details [NBS: The real estate market continues to move towards stabilization and recovery] Fu Linghui, spokesperson for the National Bureau of Statistics (NBS) and director of the NBS's Department of Comprehensive Statistics of National Economy, stated at a press conference held by the State Council Information Office that since the beginning of this year, China has implemented more proactive macro policies, increased counter-cyclical adjustments, and accelerated the implementation of major national strategies and the development of security capabilities in key areas ("two major" policies) as well as the program of large-scale equipment upgrades and consumer goods trade-ins ("two new" policies). These efforts have effectively enhanced the vitality of consumption, driven production growth, and promoted transformation and upgrading, fully demonstrating the important role of macro policies in stabilizing economic operations. In the next stage, China has sufficient reserves in its policy toolbox, and macro policies have room for maneuver. They can be dynamically adjusted and actively responded to according to changes in the situation, and will continue to safeguard the stable operation of the economy. Fu Linghui stated that since the beginning of this year, with the accelerated implementation of various policies to stabilize the real estate market, the market has continued to move towards stabilization and recovery. Judging from the situation in May, the operation of the real estate market was generally stable. The YoY decline in housing prices in 70 large and medium-sized cities continued to narrow, and the inventory of commercial housing continued to decrease. From the perspective of market transactions, under the influence of various policies to stabilize the real estate market, real estate sales remained basically stable. From January to May, the sales area and sales volume of newly-built commercial housing decreased by 2.9% and 3.8% YoY respectively, basically flat with the figures from January to April. Market transactions in some first-tier and second-tier cities were relatively active, with the sales area and sales volume of commercial housing maintaining growth. From the perspective of market prices, the YoY decline in newly-built commercial residential housing continued to narrow. From the perspective of commercial housing inventory, the area of commercial housing pending sale in May decreased by 7.15 million m² compared to the end of April, marking a decrease for three consecutive months. Fu Linghui emphasized that overall, the policies to promote the stabilization and recovery of the real estate market have continued to show effects, and the operation of the real estate market was generally stable in May. However, it should be noted that the real estate market is still in the process of adjustment. Market confidence still needs to be continuously restored, and the supply-demand relationship in the market still needs to be improved. Continuous efforts are still needed to promote the stabilization and recovery of the real estate market. 》Click to view details ► On June 16, the central parity rate of the RMB against the US dollar in the inter-bank foreign exchange market was 7.1789 yuan per US dollar. US dollar: As of 15:03, the US dollar index fell by 0.08% to 98.04. This week marks a "super central bank week," with attention focused on the US Fed's statements regarding inflation and monetary policy in the second half of the year. The University of Michigan's US consumer sentiment index for June rose to 60.5, compared with a forecast of 53.5. Consumers' 12-month inflation expectations fell to 5.1%. Long-term inflation expectations declined to 4.1%. As Sino-US trade tensions eased, US consumer confidence improved for the first time in six months, though households remained concerned about the trajectory of the economy. Despite widespread expectations that the US Fed would keep interest rates stable, the market eagerly anticipated signals of possible interest rate cuts in the coming months. Macro: Today, data such as the eurozone's total reserve assets in May, the US New York Fed's manufacturing index for June, and the US New York Fed's manufacturing index for the next six months' expectations in June will be released. In addition, the US New York Fed's manufacturing index for the next six months' expectations in June. Crude oil: As of 15:03, oil prices in both markets rose simultaneously, with US oil up 0.74% and Brent oil up 0.55%. On Friday, prices surged 7% as renewed tensions in the Middle East heightened fears that geopolitical conflicts could spread across the region and severely disrupt oil exports from the Middle East. It is understood that the latest developments have heightened concerns about potential disruptions to the Strait of Hormuz, a vital shipping lane. Approximately one-fifth of global oil consumption, or around 18-19 million barrels per day of oil, condensate, and fuel oil, passes through the Strait of Hormuz. Most of the crude oil and refined product exports from OPEC members Saudi Arabia, the UAE, Kuwait, Iraq, and Iran transit through the Strait of Hormuz, with few viable alternative routes. Toshitaka Tazawa, an analyst at Fujitomi Securities, said, "Buying is driven by the ongoing conflict between Israel and Iran, with no signs of resolution in sight. However, as seen on Friday, there has been some selling due to concerns about overreaction." Tazawa added that the market is monitoring potential disruptions to Iran's oil production from Israeli strikes on energy facilities, while heightened concerns about disruptions to traffic through the Strait of Hormuz could significantly boost oil prices. Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), currently produces around 3.3 million barrels of oil per day and exports over 2 million barrels of crude oil and fuel. So far, Israeli attacks on Iran's oil and natural gas infrastructure have not affected production or exports from the region. However, concerns persist that Israel could destroy Iran's oil facilities, depriving it of a major source of revenue and driving up oil prices. Analysts and OPEC observers say that the idle oil production capacity that OPEC and its allies, including Russia, have increased to offset any disruptions is roughly equivalent to Iran's production. (Wenhua Comprehensive) SMM Daily Review ► Inventory buildup of high-grade NPI continues, short-term market focus may dip again [NPI Daily Review] ► [SMM MHP Daily Review] On June 16, MHP prices in Indonesia edged lower ► [SMM Nickel Sulphate Daily Review] On June 16, nickel salt prices remained stable

Over the past week, rare earth prices in Europe have remained largely stable. There has been widespread attention on the Sino-US trade negotiations held in London at the beginning of the week, with observers watching to see if China will more broadly relax export restrictions on medium and heavy rare earths and magnets. Recently, US President Donald Trump claimed that China had agreed to supply rare earths and magnets to the US in a preliminary agreement. However, the Chinese Ministry of Commerce has not fully confirmed this news. A major Chinese magnet manufacturer stated that they have obtained some export licenses, allowing them to ship magnets containing medium and heavy rare earths to the US, Europe, and Southeast Asia. If China accelerates the approval of export licenses for rare earth materials, it could lead to a significant influx of rare earth or magnetic material products into the international market, rapidly driving down the prices of restricted heavy rare earths. This risk of a sudden price drop has made traders and end-users more cautious. Although the European spot market has not yet shown a significant reaction to price changes, the supply of restricted rare earths remains very tight, maintaining relatively high market prices.

》View SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo SMM June 13 At 11:30 today, the futures closing price was 78,600 yuan/mt, down 400 yuan/mt from the previous trading day. The average spot premiums/discounts were 35 yuan/mt, down 60 yuan/mt from the previous trading day. Today, the price of secondary copper raw material remained unchanged MoM. The price of bare bright copper in Guangdong was 72,900-73,100 yuan/mt, unchanged from the previous trading day. The price difference between copper cathode and copper scrap was 975 yuan/mt, down 460 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 1,090 yuan/mt. According to the SMM survey, importers of secondary copper raw material in Ningbo said that US brass or red copper is no longer seen in the park. Due to tariff impacts, US secondary copper raw material cannot enter the Chinese market. Although the latest round of Sino-US trade negotiations has concluded, the tariff issue has not yet been further implemented. Therefore, importers still will not purchase secondary copper raw material from the US.

[SMM Morning Meeting Summary: Uncertainty in Sino-US Trade Relations Restrains Copper Price Uptrend] On June 12, spot prices of #1 copper cathode against the 2506 contract for the current month were quoted at a premium of 40-150 yuan/mt, with an average quoted premium of 95 yuan/mt, unchanged MoM. Copper prices fell today, and downstream procurement sentiment improved, but currently, downstream players under the backwardation structure are more inclined to make purchases after the contract rollover...

Macro side, the US May CPI data fell short of expectations across the board. Trump once again called on the US Fed to cut interest rates by 100 basis points, and risk-averse sentiment boosted the precious metals market. Regarding Sino-US trade, China and the US reached a framework for implementing the consensus reached during the phone call between the two heads of state and the Geneva talks. Despite the easing of some market pressures, the potential impact of tariff policies on inflation still warrants vigilance. Additionally, after Iran issued a stern warning about possible attacks on US military bases, Trump expressed "lack of confidence" in his ability to persuade Tehran to agree to shut down its nuclear program. The US also ordered a partial withdrawal from Iraq's test tubes and allowed military families to leave the Middle East, leading to a sudden escalation of tensions in the region. [Economic Data] Bullish: The US May unadjusted CPI year-on-year rate was 2.4%, compared to the previous value of 2.30% and the expected 2.50%; The US May seasonally adjusted CPI month-on-month rate was 0.1%, compared to the previous value of 0.20% and the expected 0.20%; US EIA crude oil inventory for the week ending June 6 was -4.304 million barrels, compared to the previous value of -2.795 million barrels and the expected -1.035 million barrels. [Spot Market] Silver: This week, silver prices ended their consecutive upward trend and pulled back under pressure after some bulls took profits and exited the market. As the delivery of the SHFE silver 2506 contract approached, the narrowing of the silver spot-futures price spread, coupled with weakening consumption, led to a continuous decline in the premium of the spot market. Towards the end of the week, spot national standard silver ingots in the Shanghai area were mainly traded at a slight discount, with many suppliers still maintaining a premium and hesitating to sell, with the intention of transferring to delivery warehouse. After silver prices dropped back slightly this week, downstream enterprises engaged in just-in-time buying the dip, and market transactions improved slightly compared to last week. PV: This week, the reference average price of solar cell rear-side silver paste ranged from 5,694 to 5,770 yuan/kg; the reference average price of solar cell front-side finger ranged from 8,576 to 8,690 yuan/kg; the reference average price of solar cell front-side busbar ranged from 8,526 to 8,640 yuan/kg. 》View SMM precious metals spot quotes