The 2nd SMM Southeast Asia Automotive Supply Chain Conference 2025 was successfully held, featuring the on-site launch of 10 new car models, the Southeast Asia brand strategies of three automakers, and SMM Thailand local steel prices. It facilitated efficient negotiations between 12+ buyers and 60+ suppliers, and preliminarily established a communication platform for the entire Southeast Asia automotive industry chain. At present, the NEV industry in Southeast Asia is entering a critical stage of development. Thailand, Indonesia, and Vietnam each have their own deployments and breakthroughs, while the industry also faces challenges such as supply chain restructuring, competition among technology pathways, and localization compliance. With 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 3rd conference in 2026 will focus on three core priorities: exploring the sales potential of new energy vehicles in Southeast Asia; opening up the last mile of the supply chain and integrating regional industry resources; upgrading SMM Southeast Asia metal quotations from price references to trading benchmarks, implementing procurement applications for electrification materials, and establishing an executable pricing system. We firmly believe that real progress comes from turning consensus into action. At this conference, sincerely invites you to gather again in Bangkok to jointly turn the strategic blueprint into market competitive advantages, and to witness and participate in this extraordinary and far-reaching industry event, creating a brilliant new chapter together! Click to register now. Booth No.: B02 Delivering Power, Delivering Value LANDAI Technology 1996: Establishment 2015: Listed on the Shenzhen Stock Exchange 2025: Thailand Plant Establishment Products Automotive transmission gear, shaft, balance shaft, EV reducer Employees: 5,000+ Sales : RMB 3 billion Plant Location Chongqing, China Ma’anshan, China Huizhou, China Chonburi, Thailand LANDAI Technology Contact Information Contact www.cqld.com Contact: Frank Xiang Tel: +86-135 2755 6915 Email: frank@cqld.com Contact: Wei Huang 8393 4378 Email: huangw@cqldai.com Contact Us Yan Caowei 15618581967 yancaowei@smm.cn

The 2025 2nd SMM Southeast Asia Automotive Supply Chain Conference was successfully held, featuring the release 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, preliminarily establishing a communication platform for the entire industry chain of Southeast Asian automotive. Currently, the Southeast Asian NEV industry is entering a critical development phase, with Thailand, Indonesia, and Vietnam each making their own strategic moves and breakthroughs, while the industry also faces challenges such as supply chain restructuring, technology route competition, and localization compliance. Thanks to the support from all parties, SMM's Thailand and Indonesia local pricing systems 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 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, Shenzhen Joinunion Technology Co., Ltd. sincerely invites you to gather again in Bangkok, to jointly 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. Powering Homes and Roads Ahead Union Industry (Hong Kong) Holding Co. , Limited is a professional global supplier of components, focused on meeting the supply chain needs of multinational companies' industrial products. The company has developed a business model driven by a dual engine of '1+6' advanced manufacturing and manufacturing value-added services. By integrating global resources, it provides comprehensive services to customers, becoming a reliable partner for many international companies. To be a global leader in components and sub-assemblies, driving value through manufacturing excellence and end-to-end supply chain management. Process Process Integrated Fine Blanking Post-processing Solution Integrated Post-processing Solution Fine Blanking → Deburring → Sizing → Heat Treatment → Surface Coating → Cleaning → Inspection Clients We Work With Customer We Work With Contact Contact Shirley Wang M: +86 18573109058 E: shirley.wang@unindasia.com Contact Us Yan Caowei 15618581967 yancaowei@smm.cn

As the U.S.-Iran situation continued to fluctuate and negotiation prospects deteriorated again, platinum prices oscillated intraday. In the morning session, the most-traded PT2606 contract on the Guangzhou Futures Exchange (GFEX) closed at 514.7 yuan/gram, up slightly by 0.14%, and the inversion between the SGE Pt9995 and the GFEX PT2606 contract ended. Spot side, mainstream quotations for spot platinum premiums remained largely unchanged from the previous trading day. In the morning session, traders' mainstream quotations were at a discount of 2-4 yuan/gram against the GFEX PT2606 contract. After the impact of the invoicing rectification, most traders have resumed normal quotations. Transaction side, according to SMM, downstream consumption remained relatively weak, with only some enterprises making just-in-time procurement through price negotiation. The morning mainstream quotations at a discount of 2-4 yuan/gram against the GFEX contract were difficult to transact, and overall spot market trading remained sluggish.

According to SMM data, on May 11, the SMM battery-grade nickel sulphate average price remained stable compared with the previous day.

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 240 yuan/mt to a discount of 120 yuan/mt, with the average discount of 180 yuan/mt down 20 yuan/mt from the previous trading day. The average transaction price was 104,085 yuan/mt, up 1,545 yuan/mt from the previous trading day.

SMM May 11 News: Guangdong #1 copper cathode spot prices against the front-month contract: high-quality copper was quoted at a premium of 260 yuan/mt, down 30 yuan/mt from the previous trading day; standard-quality copper was quoted at a premium of 190 yuan/mt, down 30 yuan/mt from the previous trading day; SX-EW copper was quoted at a premium of 120 yuan/mt, down 30 yuan/mt from the previous trading day. The average price of Guangdong #1 copper cathode was 104,355 yuan/mt, up 1,385 yuan/mt from the previous trading day, and the average price of SX-EW copper was 104,325 yuan/mt, up 1,395 yuan/mt from the previous trading day. Spot market: Upon return from the weekend, Guangdong inventory continued to decline, mainly due to fewer arrivals and increased shipments. Although inventory decreased slightly, downstream restocking enthusiasm was poor after copper prices surged significantly, and suppliers had to lower premiums to facilitate shipments. Even so, market trading remained sluggish, with overall transactions being lackluster. Guangdong copper cathode procurement sentiment was 2.31, down 0.14 from the previous trading day, and shipment sentiment was 3.1, down 0.1 from the previous trading day (historical data can be accessed via the database). Overall, copper prices surged sharply while consumption remained weak. Suppliers proactively lowered prices to facilitate shipments, and overall trading was lackluster.

[SMM Aluminum Express News] Egypt Aluminum Company confirmed that Trafigura is expected to take a minority stake in the proposed Naga Hammadi expansion project in Egypt. The project remains under feasibility study and negotiation, targeting an additional 300,000 tons per year of aluminum capacity with estimated investment of US$900 million.

SMM Nickel News, May 11: Macro and market news: (1) Iran submitted its feedback on the US proposal to Pakistan. According to Iran's feedback, negotiations at this stage should focus on ending the war. The US called it "completely unacceptable." (2) NBS: In April, CPI rose 1.2% YoY and PPI rose 2.8% YoY; consumer prices rose 1.2% YoY. Spot market: On May 11, SMM #1 refined nickel prices rose 1,800 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,200 yuan/mt, up 50 yuan/mt from the previous trading day; mainstream domestic electrodeposited nickel brands ranged from 800-300 yuan/mt. Futures market: The most-traded SHFE nickel 2606 contract rebounded during the morning session, closing at 148,320 yuan/mt, up 0.86%. Although Iran and the US were previously close to reaching a framework agreement, negotiations ultimately failed to sign formal terms. If the geopolitical deadlock continues to escalate and sulfur supply constraints remain unresolved, nickel prices still have upside room. In the short term, the most-traded SHFE nickel contract is expected to trade in the range of 145,000-150,000 yuan/mt.

On May 11, SMM #1 refined nickel prices rose 1,800 yuan/mt from the previous trading day. Spot premiums: Jinchuan #1 refined nickel averaged 1,200 yuan/mt, up 50 yuan/mt from the previous trading day; China's mainstream brand electrodeposited nickel ranged from -800-300 yuan/mt.

[SMM Brass Billet News Flash] According to SMM, China's copper billet industry is expected to gradually enter the traditional consumption off-season in May. Downstream demand from sectors such as refrigeration and home appliances is expected to weaken further, and orders from traditional markets such as sanitary ware and hardware are unlikely to see significant improvement.