On June 13, the 2025 SMM (2nd) Global Secondary Metals Industry Summit Forum , hosted by SMM, successfully concluded at the Hyatt Regency Bangkok Sukhumvit! The event brought together industry representatives and experts from multiple regions and countries, including India, the Middle East, Southeast Asia, Europe, and Africa. They engaged in brainstorming sessions on hot topics such as changes in the global supply-demand pattern of the secondary metals industry, global secondary metals industry development trends and challenges from a Middle Eastern perspective, in-depth analysis of the strengths and challenges in India, the Middle East, Europe, and Southeast Asia, the battery resource market in Southeast Asia: supply chain dynamics, the current situation and future challenges of the secondary lead industry in Southeast Asia, the development of the global secondary metals supply-demand pattern from an Indian perspective, and secondary copper and aluminum scrap yards: innovative recycling and sorting technologies to support the industry's green and carbon-reduction journey. Cui Suoye, Director of SMM Nonferrous Consulting, shared insights on the topic of "changes in the global supply-demand pattern of the secondary metals industry." Regarding secondary aluminum, he stated that over the past decade, the proportion of secondary aluminum production in developed countries such as North America, South America, Europe, and Japan has been significantly higher than that in developing countries. As developing countries benchmark against developed countries, their future potential for aluminum scrap demand will be even more substantial. From 2022 to 2042, SMM expects the compound annual growth rate (CAGR) of extruded aluminum scrap to reach approximately 5%. By 2042, extruded aluminum scrap is projected to account for about 33% of total aluminum scrap. Regarding secondary copper, he mentioned that SMM forecasts the global copper scrap market size to grow at a CAGR of 4.2% from 2024 to 2030. Wu Xiaoyun, Chairman of the Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance, shared his views on "the current situation and transformation path of the secondary lead industry in Southeast Asia." He emphasized that the construction of a recycling system is closely linked to the healthy development of the secondary lead industry. The healthy development of the secondary lead industry relies on mutual support across the industry chain, rational government planning and policy support, as well as industry self-discipline and self-regulation. Xie Xiaoying, Director of Sustainable Development Business at Shanghai Lvran Environmental Information Technology Co., Ltd., introduced the topic of "the development path of the global secondary metals industry driven by the ESG context." She pointed out that despite the numerous challenges faced by the secondary metals industry, investing in advanced technologies can effectively handle various complex materials while reducing processing costs. To ensure supply chain reliability, manufacturers may adopt vertical integration strategies in key markets, which, however, will increase operational costs. In addition, the price of scrap metal is usually referenced against the market price of the relevant primary metal. Carbon pricing and the Carbon Border Adjustment Mechanism (CBAM) can help enhance the economic benefits of underutilized scrap metal resources. 》Click to view the live photo stream link 》Click to view the special coverage of this conference Opening Remarks Speakers: Fan Xin, Chairman of SMM Li Shilong, President of China Renewable Resources Industry Technology Innovation Alliance Award Ceremony Main Forum Guest Speeches Speech Topic: Green Transformation and Sustainable Development Prospects of Thailand's Recycled Metal Industry Guest Speaker: Secretary General of ASEAN Institution of Recycling (AIR) Dr. Somthai Wongcharoen The Thailand Recyclers Trade Association is composed of major recycling enterprises in Thailand, including smelting companies, wholesale collection enterprises, and import-export companies. In terms of metal scrap, association members handle high-value metals such as copper, primary aluminum, lead, as well as lead-acid batteries and EV batteries. Additionally, they also recycle electronic waste, such as PCB boards, extracting precious metals like gold, palladium, and copper. Enterprises within the association recognize the importance of the recycled metal industry to Thailand's future development, making metal recycling models very popular domestically. By relying on renewable resources, Thailand is expected to effectively address the challenges posed by climate change. 》Green Transformation and Sustainable Development Prospects of Thailand's Recycled Metal Industry Speech Topic: Strengthening International Exchanges to Promote Green Development of China's Non-Ferrous Recycled Metals Guest Speaker: Li Shilong, President of China Renewable Resources Industry Technology Innovation Alliance Interview with Top Entrepreneurs in the Recycled Metal Industry Moderator: Li Shilong, President of China Renewable Resources Industry Technology Innovation Alliance Guests: Zhu Zhanhong, HR and Administrative Director of Daizheng Daji Metal (Thailand) Co., Ltd. Zhang Junbing, Global Procurement Director of Hailiang Group Co., Ltd. Qin Xinghong, General Manager of P.C. WOOD PRODUCTS CO., LTD. Liu Qingcheng, Deputy General Manager and Director of Thai-Chinese Non-Ferrous Metals International Co., Ltd. Speech Topic: The Path to Global Development of the Recycled Metal Industry Driven by the ESG Context Guest Speaker: Xie Xiaoying, Director of Sustainability Business at Shanghai Lvran Environmental Information Technology Co., Ltd. Key ESG Risks Environment: Heavy metal pollution, water scarcity, climate impacts, waste. Social: Land/resettlement conflicts, labor rights, community health and safety. Governance: Compliance gaps, ethics, weak grievance mechanisms. ESG Accelerator Highlights the factors driving ESG compliance and sustainability (investors, regulations, and supply chains). Recycled Metals Emphasizes the role of recycled metals as a core ESG solution. Remaining Challenges Obstacles still hinder the full implementation of ESG, such as gaps in metal recycling technology, supply stability issues, and the lack of pricing mechanisms to calculate ESG value. The Path to Global Secondary Metals Industry Development Driven by the ESG Context Speech Topic: Changes in the Global Supply-Demand Pattern of the Secondary Metals Industry Guest Speaker: Cui Suoye, Director of SMM Nonferrous Consulting Cui Suoye, Director of SMM Nonferrous Consulting, shared insights on the topic of "Changes in the Global Supply-Demand Pattern of the Secondary Metals Industry." Regarding secondary aluminum, he stated that over the past decade, the proportion of secondary aluminum production in developed countries such as North America, South America, Europe, and Japan has been significantly higher than that in developing countries. For developing countries, benchmarking against developed countries, the future potential for aluminum scrap demand will be even more substantial. From 2022 to 2042, SMM expects the compound annual growth rate (CAGR) of extruded aluminum scrap to reach approximately 5%. By 2042, extruded aluminum scrap is expected to account for about 33% of total aluminum scrap. Regarding secondary copper, he mentioned that SMM forecasts the global copper scrap market size to grow at a CAGR of 4.2% from 2024 to 2030. Secondary Aluminum Over the past decade, the proportion of secondary aluminum production in developed countries such as North America, South America, Europe, and Japan has been significantly higher than that in developing countries. Similarly, for developing countries, benchmarking against developed countries, the future potential for aluminum scrap demand will be even more substantial. According to SMM, China, the US, Europe, and India are the major aluminum scrap-producing regions, accounting for approximately 80% of the total. Benefiting from global carbon reduction policies, recycling systems in various countries are continuously improving. In the future, aluminum scrap production will continue to grow. According to SMM data, in 2022, the production of rolled aluminum scrap exceeded that of extruded and cast aluminum scrap, becoming the highest among the three types of aluminum scrap. However, it is expected that extruded aluminum scrap will grow at the fastest rate in the future. From 2022 to 2042, SMM expects the CAGR of extruded aluminum scrap to reach approximately 5%. By 2042, extruded aluminum scrap is expected to account for about 33% of total aluminum scrap. SMM: Analysis of the Global Supply-Demand Pattern of the Secondary Metals Industry - The Market Size of Secondary Copper and Aluminum Will Continue to Rise Speech Topic: Global Secondary Metals Industry Development Trends and Challenges from a Middle Eastern Perspective Guest Speaker: Sanjeev Phadke, Financial Controller and Executive Committee Member of the Middle East Recycling Bureau Exploring the Global Secondary Metals Market: An In-depth Analysis of Strengths and Challenges in India, the Middle East, Europe, and Southeast Asia Moderator: Fan Xin, Chairman of SMM Guests: Metalcom Ltd. General Manager Mr. Kittipot Thanalertlap CEO of Dr. Recycling, Tan Tian Director of DIMEXA HOLDINGS PTE. LTD., WENCESLAO MANZ Financial Controller and Executive Committee Member of the Middle East Recycling Bureau, Sanjeev Phadke June 13 Battery Recycling Forum Southeast Asian Battery Resource Market: Supply Chain Dynamics Moderator: Cui Suoye, Director of SMM Nonferrous Consulting Guests: Sujin Kim, Global Business Development Director of BatX Energies Wu Xiaoyun, Chairman of the Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance Zhao Bin, President of the Thai-Chinese Rayong Industrial Zone Chen Wenkai, Chairman of the Malaysia Nonferrous Metals Association (MNMA) Shen Juan, Purchasing Director of Jingjiu Group Speech Topic: Current Status and Future Challenges of the Southeast Asian Secondary Lead Industry Guest Speaker: Wu Xiaoyun, Chairman of the Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance I. Overview of the Current Status of the Southeast Asian Secondary Lead Industry I. Current Status of the Southeast Asian Secondary Lead Industry 1. Severe Imbalance in Supply and Demand Demand Side: Demand for lead-acid batteries: starting batteries (with an ownership of over 40 million units) and motorcycle power batteries (with an ownership of 250 million units), as well as demand for backup power supplies for 5G base station construction (ESS batteries). Supply Side: The local secondary lead production capacity is severely insufficient, with an annual shortfall of 150,000 mt in Vietnam (self-sufficiency rate of only 42%) and 80,000 mt in Indonesia (self-sufficiency rate of 65%), relying on imported lead ingots to fill the gap. Raw Material Bottleneck: Scrap lead-acid batteries are difficult to recycle across borders due to restrictions under the Basel Convention, resulting in an annual loss of approximately 600,000 mt of lead. The utilization rate of secondary lead production capacity is only 50%. 2. Environmental Protection and Technological Challenges ESG compliance costs in Malaysia have increased by 30%, with small and medium-sized factories investing over $5 million annually in environmental protection. Thailand/Indonesia will ban the import of lead-containing plastic residues in 2025, exacerbating the shortage of raw materials. A high proportion of low-purity secondary lead (60% of inventory in Malaysia has a purity of 3. Intensified Regional Competition Chinese battery companies have deployed a production capacity of 1 million mt, driving up the local scrap battery acquisition premium to 120% of the Chinese market price. 》Wu Xiaoyun: Current Status and Path to Transformation of the Southeast Asian Secondary Lead Industry Speech Topic: Improving the Battery Recycling System Driven by the Market Growth of EVs in Southeast Asia Guest Speaker: Luo Tieying, President of Jinchi Industrial Park Speech Topic: Exploring Africa: Opportunities for Sustainable Expansion and Raw Material Investment Guest Speaker: Yousef Al Sharif, Director of the African Recycled Metals Association/Al Sharif Metal Secondary Copper and Aluminum Forum Speech Topic: Global Impact of Changing Trade and Tariff Policies in the US Guest Speaker: Adam Shaffer, VP of the Institute of Scrap Recycling Industries (ISRI) Speech Topic: SMM Serving the Global Secondary Copper and Aluminum Metal Market Guest Speaker: Zhang Xiaoyao, Project Leader of SMM Recycling Conference Speech Topic: Global Supply-Demand Pattern Development of Secondary Metals from an Indian Perspective Guest Speaker: Amar Singh, Secretary General of the Material Recycling Association of India Speech Topic: Building a New Cambodia-China Metal Hub - Inviting You to Co-Construct an Overseas Demonstration Industrial Park for Recycling Nonferrous Metals Processing Guest Speaker: Cao Zhuo, General Manager of International Business for the Americas Region of the Cambodia-China Metal Materials Industrial Park Secondary Copper and Aluminum Yard: Innovative Recycling and Sorting Technologies Paving the Way for Green and Carbon-Reducing Industry Moderator: Zhou Bo, Executive Vice President of SMM Guests: Liang Jiali, Deputy General Manager of Foshan Lvtian Environmental Protection Machinery Equipment Co., Ltd. Li Zhiqiang, General Manager of Henan Recycling Technology Co., Ltd. Ye Hangyu, Director of the Foreign Trade Department of Hefei Anjinglong Electronics Co., Ltd. Sun Bolin, Sales Director of Liaoning Pinuo Environmental Protection Technology Co., Ltd. Recommendations for Copper, Aluminum - High-Quality Overseas Yards and Trustworthy Traders, and Batteries - High-Quality Equipment Enterprises Sidelights from the Venue 》Click to View More Sidelights With this, the 2025 SMM (2nd) Global Secondary Metals Industry Summit has come to a successful conclusion. See you next year! 》Click to view the special report on the 2025 SMM (2nd) Global Recycled Metals Industry Summit Forum

Since the global consensus on green and low-carbon development was reached, the strategic importance of the secondary metal industry has been growing. With the acceleration of industrialization, the demand for metal resources has continued to rise. Secondary metals have become a global focus due to their green, environmentally friendly, and economically viable characteristics. In recent years, Southeast Asia has emerged as a crucial hub for the collection, distribution, and processing of global secondary resources. As industries such as NEVs continue to expand internationally, companies involved in secondary copper, aluminum, and battery sectors have been establishing factories in Southeast Asian countries like Thailand. Thailand, as a key economy in Southeast Asia, boasts a mature resource recycling system and a strategic geographical location, facilitating regional collaboration and international trade in the secondary metal industry. Currently, Thailand has developed into a significant base for the recycling, sorting, and reprocessing of secondary metals such as secondary aluminum and secondary copper, exporting substantial amounts of secondary metal resources to China and other countries annually. Additionally, the robust growth of Thailand's manufacturing sector, particularly in automotive manufacturing and electronics, provides strong demand support for the secondary metal resource industry. From 2024 to 2025, with the continuous updates in secondary metal policies and rapid industrial development, to assist enterprises in navigating the changes in the secondary industry, aligning with industry standardization requirements, and providing a platform for business exchanges, the 2025 SMM (2nd) Global Secondary Metal Industry Summit, hosted by SMM Information & Technology Co., Ltd., was grandly held at the Hyatt Regency Bangkok Sukhumvit from June 12th to 13th! This summit aims to bring together associations, top-tier enterprises, research institutions, industry experts, and policymakers from the global secondary metal sector to jointly explore new trends, technologies, and policies in the development of the secondary metal industry. It will establish an international platform for exchanges, cooperation, resource sharing, and collaborative innovation, contributing to the construction and improvement of the global resource recycling system and the realization of a global green economic transition! SMM will provide live photo and text coverage of the summit throughout the event. Stay tuned! 》Click to view the live photo link from the event 》Click to view the special report on this conference Opening Remarks Speakers: Fan Xin, Chairman of SMM Li Shilong, President of China Recycling Industry Technology Innovation Alliance Guest Speeches Speech Topic: Green Transformation and Sustainable Development Prospects of Thailand's Secondary Metal Industry Guest Speaker: Secretary General of ASEAN Institution of Recycling (AIR) Dr. Somthai Wongcharoen Speech Topic: Strengthening International Exchanges to Promote Green Development of China's Non-Ferrous Secondary Metal Industry Guest Speaker: Li Shilong, President of China Recycling Industry Technology Innovation Alliance Interviews with Top Entrepreneurs in the Secondary Metal Industry Moderator: Li Shilong, President of China Recycling Industry Technology Innovation Alliance Guests: Zhu Zhanhong, HR and Administrative Director of Daizheng Daji Metal (Thailand) Co., Ltd. Zhang Junbing, Global Procurement Director of Hailiang Group Co., Ltd. P.C. General Manager of WOOD PRODUCTS CO., LTD., Qin Xinghong Deputy General Manager and Director of Thai-China Nonferrous Metals International Co., Ltd., Liu Qingcheng Speech Topic: The Path of Global Secondary Metal Industry Development Driven by the ESG Background Guest Speaker: Xie Xiaoying, Director of Sustainable Development Business, Shanghai Lvran Environmental Information Technology Co., Ltd. 15:25-15:40 Speech Topic: Changes in the Global Secondary Metal Industry's Supply-Demand Pattern Guest Speaker: Cui Suoye, Director of SMM Nonferrous Consulting 15:40-16:00 Speech Topic: Global Secondary Metal Industry Development Trends and Challenges from a Middle Eastern Perspective Guest Speaker: Sanjeev Phadke, Financial Director and Executive Committee Member of the Middle East Recycling Bureau 16:00-16:20 Global Secondary Metal Market Discussion: In-depth Analysis of Strengths and Challenges in India, the Middle East, Europe, and Southeast Asia Moderator: Fan Xin, Chairman of SMM Guests: Mr. Kittipot Thanalertlap, General Manager of Metalcom Ltd. Tan Tian, CEO of Dr. Recycling WENCESLAO MANZ, Director of DIMEXA HOLDINGS PTE. LTD. Sanjeev Phadke, Financial Director and Executive Committee Member of the Middle East Recycling Bureau 16:20-17:10 Recommendations for Copper, Aluminum - High-Quality Overseas Material Yards and Trustworthy Traders; Batteries - High-Quality Equipment Enterprises 18:30-20:00 June 13 Battery Recycling Forum Speech Topic: Strategic Layout of Thailand's Battery Recycling Industry: A Blueprint for the Development of the Electric Vehicle Industry in the Next Five Years Guest Speaker: Dusadee, Advisor to the Chairman of the Ministry of Industry of Thailand 9:00-9:25 Southeast Asian Battery Resource Market: Supply Chain Dynamics Moderator: Cui Suoye, Director of SMM Nonferrous Consulting Guests: Sujin Kim, Global Business Development Director of BatX Energies Wu Xiaoyun, Chairman of the Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance Zhao Bin, President of the Thai-Chinese Rayong Industrial Zone Chen Wenkai, Chairman of the Malaysia Nonferrous Metals Association (MNMA) Shen Juan, Purchasing Director of Jingjiu Group 9:25-10:15 Speech Topic: Current Status and Future Challenges of the Southeast Asian Secondary Lead Industry Guest Speaker: Wu Xiaoyun, Chairman of the Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance 10:15-10:40 Speech Topic: Improving the Battery Recycling System Brought by the Market Growth of Electric Vehicles in Southeast Asia Guest Speaker: Luo Tieying, President of Jinchi Industrial Park 11:00-11:25 Speech Topic: Exploring Africa: Opportunities for Sustainable Expansion and Raw Material Investment Guest Speaker: Yousef Al Sharif, Director of the African Secondary Metal Association/Al Sharif Metal 11:25-11:50 Secondary Copper and Aluminum Forum Speech Topic: New Dynamics in Global Secondary Copper and Aluminum Supply and Demand from a North American Perspective Guest Speaker: Robin Wiener, President of the Recycled Materials Association (ReMA) 14:00-14:20 Speech Topic: SMM Serving the Global Secondary Copper and Aluminum Metal Market Guest Speaker: Zhang Xiaoyao, Project Leader of SMM Recycling Conference 14:20-14:40 Speech Topic: Global Secondary Metal Supply-Demand Pattern Development from an Indian Perspective Guest Speaker: Amar Singh, Secretary General of the Indian Material Recycling Association 14:40-15:00 Speech Topic: Building a New Cambodia-China Metal Hub - Inviting You to Co-Construct an Overseas Demonstration Industrial Park for Secondary Nonferrous Metal Processing Guest Speaker: Cao Zhuo, General Manager of International Business in the Americas Region of the Cambodia-China Metal Material Industrial Park 15:00-15:20 Secondary Copper and Aluminum Material Yards: Innovative Recycling and Sorting Technologies Paving the Way for Green and Carbon-Reducing Industry Development Moderator: Zhou Bo, Executive Vice President of SMM Guests: Liang Jiali, Deputy General Manager of Foshan Lvtian Environmental Protection Machinery Equipment Co., Ltd. Li Zhiqiang, General Manager of Henan Recycling Technology Co., Ltd. Ye Hangyu, Director of the Foreign Trade Department of Hefei Anjinglong Electronics Co., Ltd. Sun Bolin, Sales Director of Liaoning Pinuo Environmental Protection Technology Co., Ltd. 15:20-16:20 Event Highlights 》Click to View More Highlights 》Click to View the Special Report on the 2025 SMM (2nd) Global Secondary Metal Industry Summit

1 day until the conference Conference Name: 2025 SMM 2nd Global Recycled Metals Industry Summit Forum Conference Time: June 12-13, 2025 Conference Venue: Hyatt Regency Bangkok Suvarnabhumi, Bangkok, Thailand Industry leaders such as Japan's Koji Industry, SVOLT Energy Technology, Thailand's Ministry of Industry, MNMA, Material Recycling Association of India (MRAI), JCC International, Hunan Rich New Environmental Technology Co., Ltd., and Yixin International have gathered to jointly explore new trends, technologies, and policies in the development of the recycled metals industry! Currently, the recycling of renewable resources faces challenges such as low recycling and utilization rates, low levels of industrial organization and standardization, low overall technological capabilities, and a lack of comprehensive industry development plans and policy guidance. Especially in the current context of increasingly scarce resources and the intensifying global climate crisis, the innovation of recycling and sorting technologies for secondary copper and aluminum scrap yards is of undeniable and growing urgency. This is primarily reflected in multiple critical aspects, including resource security, environmental protection, economic benefits, industrial upgrading, and addressing international competition. Meanwhile, against the backdrop of global economic integration, green barriers in international trade are on the rise. Many countries and regions are imposing increasingly stringent environmental requirements on imported products and setting clear standards and norms for the recycling and utilization of renewable resources. For instance, the Carbon Border Adjustment Mechanism (CBAM) implemented by the European Union imposes additional carbon tariffs on high-carbon-emission products, which will have a certain impact on the exports of traditional high-energy-consuming products such as copper and aluminum. So, how can we break through in recycling and sorting technologies to promote the sustainable development of the recycled metals industry and even the entire renewable resource recycling sector? In this regard, during the 2025 SMM 2nd Global Recycled Metals Industry Summit Forum to be held by SMM in Thailand from June 12-13, 2025 , Zhou Bo, Executive Vice President of SMM Information & Technology Co., Ltd. , will serve as the moderator, and Liang Jiali, Deputy General Manager of Foshan Lvtian Environmental Protection Machinery Equipment Co., Ltd., Li Zhiqiang, General Manager of Henan Recycling Technology Co., Ltd., Ye Hangyu, Director of the Foreign Trade Department of Hefei Anjinglong Electronics Co., Ltd., and Sun Bolin, Sales Director of Liaoning Pinuo Environmental Protection Technology Co., Ltd. will participate as guest speakers in a roundtable discussion on the topic of "Secondary Copper and Aluminum Scrap Yards: Innovating Recycling and Sorting Technologies to Pave the Way for Green Carbon Reduction in the Industry" Moderator & Guest Speakers Confirmed Guest Speakers Conference Agenda June 12: Main Agenda 01 9:00 AM - 12:00 PM Company Visit ERIGHT METALS CO., LTD. 02 10:00-12:00 Registration 03 10:00-12:00 Free Networking 04 12:00-13:00 Buffet Lunch 05 13:30-13:45 Opening Remarks Guest Speaker: Fan Xin, Chairman of SMM Information & Technology Co., Ltd. Li Shilong, President of China Renewable Resources Industry Technology Innovation Alliance 06 13:45-14:00 Green Transformation and Sustainable Development Prospects of Thailand's Recycled Metal Industry Guest Speaker: Dr. Somthai Wongcharoen Secretary General, ASEAN Institution of Recycling (AIR) 07 14:00-14:20 Strengthening International Exchanges to Promote New Green Development of China's Non-Ferrous Recycled Metals Guest Speaker: Li Shilong, President of China Renewable Resources Industry Technology Innovation Alliance 08 14:20-15:10 Roundtable Forum: Interviews with Top Entrepreneurs in the Recycled Metal Industry 1. Future Trends in Recycled Raw Material Supply Based on the Development of Thailand's Industry Chain 2. Investment Risks in Southeast Asia's Recycled Metal Industry 3. International Trade Flows and Consumption Trends in the Recycled Metal Industry Under Geopolitical Influences Moderator: Li Shilong, President of China Renewable Resources Industry Technology Innovation Alliance Guest Speakers: Zhou Xiangchun, General Manager of Da Zheng Da Ji Metal (Thailand) Co., Ltd. Qin Xinghong, Chairman of P.C. WOOD PRODUCTS CO., LTD. Zhang Junbing, Global Sourcing Director of Hailiang Group Co., Ltd. Liu Qingcheng, Deputy General Manager and Director of Thai-China Nonferrous Metals International Co., Ltd. 09 15:10-15:25 Tea Break 10 15:25-15:40 The Path to Global Recycled Metal Industry Development Driven by the ESG Background Guest Speaker: Xie Xiaoying, Director of Sustainability Business, Shanghai Lvran Environmental Information Technology Co., Ltd. 11 15:40-16:00 Changes in the Global Supply-Demand Pattern of the Recycled Metal Industry Guest Speaker: Cui Suoye, Director of Non-Ferrous Consulting, SMM Information & Technology Co., Ltd. 12 16:00-16:20 Global Recycled Metal Industry Development Trends and Challenges from a Middle Eastern Perspective Guest Speaker: Sanjeev Phadke, Treasurer and Executive Committee Member of the Middle East Recycling Bureau 13 16:20-17:10 Roundtable Forum: Exploring the Global Recycled Metal Market: In-Depth Analysis of Strengths and Challenges in India, the Middle East, Europe, and Southeast Asia Moderator: Fan Xin, Chairman of SMM Information & Technology Co., Ltd. Guest Speaker: Kittipot Thanalertlap, Metalcom Ltd. General Manager Sanjeev Phadke, Head of Recycling Division, Middle East, and Member of the Executive Committee WENCESLAO MANZ, Director, DIMEXA HOLDINGS PTE. LTD. Tan Tian, Doctor Scrap (Doctor of Recycling), General Manager 14 18:30-20:00 Award Ceremony Dinner - Awards for High-Quality Material Yards, Trustworthy Traders, and Outstanding Equipment Enterprises June 13, Sub-forum ·Battery Forum· 01 09:00-09:25 Strategic Layout of Thailand's Battery Recycling Industry: A Blueprint for the Development of the EV Industry in the Next Five Years Guest Speaker: Dusit, Advisor to the Chairman, Ministry of Industry, Thailand 02 09:25-10:15 Roundtable Discussion: Southeast Asia's Battery Resource Market: Supply Chain Dynamics Moderator: Cui Suoye, Director of Non-Ferrous Consulting, SMM Information & Technology Co., Ltd. Guest Speakers: Chen Wenkai, Chairman, Malaysia Non-Ferrous Metals Association Sujin Kim, Global Business Development Director, BatX Energies Zhao Bin, President, Thai-Chinese Rayong Industrial Zone Wu Xiaoyun, Chairman, Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance; Shen Juan, Purchasing Director, Jingjiu Group 03 10:15-10:40 Current Status and Path to Transformation of Southeast Asia's Waste Lead-Acid Battery Market Guest Speaker: Wu Xiaoyun, Chairman, Beijing-Tianjin-Hebei Lead-Acid Battery Industry Alliance 04 10:40-11:00 Tea Break 05 12:00-13:00 Improving the Battery Recycling System Driven by the Market Growth of EVs in Southeast Asia Guest Speaker: Luo Tieying, President, Jinchi Industrial Park 06 11:25-11:50 Exploring Africa: Sustainable Expansion and Opportunities for Raw Material Investment Guest Speaker: Yousef Al Sharif, Manager, Sharif Metals Group 07 12:00-13:30 Buffet Lunch ·Copper and Aluminum Forum· 01 14:00-14:20 New Dynamics in Global Supply and Demand for Recycled Copper and Aluminum from a North American Perspective Guest Speaker: Robin Wiener, President, Recycled Materials Association 02 14:20-14:40 SMM Serves the Global Recycled Copper and Aluminum Metal Market Guest Speaker: Zhang Xiaoyao, Project Leader of Recycling Conference, SMM Information & Technology Co., Ltd. 03 14:40-15:00 Global Supply-Demand Pattern of Recycled Metals from an Indian Perspective Guest Speaker: Amar Singh, Secretary General, India Recycling Bureau 04 15:00-15:20 Building a New Metal Hub in Cambodia-China: Inviting You to Co-Establish an Overseas Demonstration Industrial Park for Recycled Non-Ferrous Metal Processing Guest Speaker: Cao Zhuo, General Manager of International Business, Americas Region, Cambodia-China Metal Materials Industrial Park 05 15:00-15:20 Tea Break 06 15:20-16:20 Roundtable Discussion: Recycled Copper and Aluminum Yards: Innovative Recycling and Sorting Technologies Paving the Way for Green and Low-Carbon Industry Development Moderator: Zhou Bo, Executive Vice President, SMM Information & Technology Co., Ltd. Guest Speakers: Liang Jiali, Deputy General Manager, Foshan Lvtian Environmental Protection Machinery Equipment Co., Ltd. Li Zhiqiang, General Manager, Henan Recycling Technology Co., Ltd. Ye Yuhang, Director of Foreign Trade Department, Hefei Anjinglong Electronics Co., Ltd. Sun Bolin, Sales Director, Liaoning Pinuo Environmental Protection Technology Co., Ltd. List of Participating Companies

6 Days to the Conference Conference Name: 2025 SMM 2nd Global Secondary Metals Industry Summit Date: 2025.06.12-13 Venue: Hyatt Regency Bangkok Suvarnabhumi, Thailand Industry leaders including Japan Kosei Industries, SVOLT Energy Technology, Thailand Ministry of Industry, MNMA, Material Recycling Association of India, JCC International, Ruiyi Resources & Environment, and Yixin International will gather to explore new trends, technologies, and policies in the secondary metals industry! Against the backdrop of global cooperation to address climate change, green and low-carbon collaboration has become an inevitable choice for the international community. In recent years, China has introduced policies encouraging secondary metals enterprises to "go global," with an increasingly improved market environment accelerating domestic companies' global expansion and active exploration of overseas markets. The "go global era" has become an indispensable force in promoting the green, low-carbon, and international development of China's nonferrous metals industry. With the introduction of favorable policies such as the Carbon Peaking Implementation Plan for the Nonferrous Metals Industry, the 14th Five-Year Plan for the Raw Materials Industry, the Carbon Peaking Implementation Plan for the Industrial Sector, and the Measures to Promote Stable Growth of Foreign Trade, secondary metals enterprises have emerged under a model involving overseas resource recycling, processing into standardized secondary metal raw materials for import to China, and direct service to local downstream users, achieving continuous breakthroughs. Chinese secondary metals enterprises, riding the policy momentum, are accelerating overseas expansion, bringing new capacity, employment, and tax revenue to host countries. Hundreds of companies have acquired scrap yards or established sorting bases in Southeast Asia, Europe, and Japan and South Korea. Due to their wide application in automotive, home appliance, telecommunications, construction, and aerospace sectors, these enterprises are becoming practitioners of the dual-circulation development path integrating domestic and overseas markets. Industry sources revealed that China's secondary nonferrous metals production reached 19.15 million mt in 2024, ranking first globally for 15 consecutive years. The physical content of imported secondary copper and aluminum raw materials exceeded 4 million mt, accounting for 23% of total raw material supply, down 1.7 percentage points from 2023. A supply structure has largely formed, dominated by domestic recycling with imports as a key supplement. For instance, the number of countries and regions exporting secondary aluminum raw materials to China increased to 95 (up by 6 from 2023), with 22 (up by 4) exceeding 10,000 mt. According to industry forecasts, China's recycled metal industry is expected to exceed 500 billion yuan by 2025 and reach a trillion-yuan market by 2030, with an annual compound growth rate exceeding 15%. Meanwhile, with the recovery of the global economy and the rise of emerging markets, regional recycled metal markets exhibit unique development trends. India , leveraging its vast population and rapid industrialization, demonstrates strong market demand, yet faces constraints in sustainable development due to an incomplete recycling system, lack of quality control, and high energy costs. The Middle East , benefiting from its strategic location and abundant resources, has become a key hub for global recycled metal trade. However, challenges such as heavy reliance on external demand, geopolitical tensions, and lagging local recycling technologies significantly hinder innovation and competitiveness. Europe , with its robust environmental regulations and advanced technology, leads in high-quality recycled metal development. Nevertheless, it struggles with high recycling costs, raw material shortages, import dependence, and inconsistent recycling standards among member states. Southeast Asia , driven by manufacturing growth and favorable policies, continues to unlock market potential but faces obstacles like insufficient capacity, compliance risks, and regional trade barriers. Thus, a thorough analysis of these regional markets' strengths and challenges not only helps industry players grasp global dynamics but also provides strategic insights for business planning. In this context, SMM will host the 2025 SMM 2nd Global Recycled Metal Industry Chain Summit in Thailand on June 12-13, 2025. The summit will convene associations, top-tier enterprises, research institutions, experts, and policymakers through three forums , focusing on key topics such as global recycled metal industry trends and challenges, interviews with top-tier recycled metal entrepreneurs, and changes in the global recycled metal supply-demand pattern . Discussions will include interpretations of global recycled metal trade policies , exploring new trends, technologies, and policies in the industry. A dedicated 1-on-1 meeting system will facilitate business negotiations, creating an international platform for collaboration, resource sharing, and innovation. The event will also feature high-quality scrap yard resource matchmaking, an industry awards banquet, and face-to-face exchanges with industry leaders , contributing to the development of a global resource recycling system and advancing the transition to a green economy. List of Participating Enterprises (Continuously Updated...) For the complete list, please contact the editor. Confirmed Guest Speakers (Continuously Updated...) Conference Agenda Overview June 12th - Main Agenda 01 9:00-12:00 Enterprise Visits 02 10:00-12:00 Registration 03 10:00-12:00 Free Networking 04 12:00-13:00 Buffet Lunch 05 13:30-13:45 Opening Remarks Guest Speaker: Fan Xin, Chairman of SMM Information & Technology Co., Ltd. Li Shilong, President of China Technology Innovation Strategic Alliance for Resources Recycling Industry (CIAR) 06 13:45-14:00 Green Transformation and Sustainable Development Prospects of Thailand's Recycled Metal Industry Guest Speaker: Dr. Somthai Wongcharoen Secretary General of ASEAN Institution of Recycling (AIR) 07 14:00-14:20 Strengthening International Exchanges to Promote Green Development of China's Non-Ferrous Recycled Metal Industry Guest Speaker: Li Shilong, President of China Technology Innovation Strategic Alliance for Resources Recycling Industry (CIAR) 08 14:20-15:10 Roundtable Discussion: Interviews with Top Entrepreneurs in the Recycled Metal Industry 1. Future Trends in Recycled Raw Material Supply Based on Thailand's Industry Chain Development 2. Investment Risks in Southeast Asia's Recycled Metal Industry 3. International Trade Flows and Consumption Trends in the Recycled Metal Industry Amid Geopolitical Changes Moderator: Li Shilong, President of China Technology Innovation Strategic Alliance for Resources Recycling Industry (CIAR) Guest Speakers: Zhou Xiangchun, General Manager of Da Zheng Da Ji Metal (Thailand) Co., Ltd. Qin Xinghong, Chairman of P.C. WOOD PRODUCTS CO., LTD. Zhang Junbing, Global Sourcing Director of Hailiang Group Co., Ltd. Liu Qingcheng, Deputy General Manager and Director of Thai-China Non-Ferrous Metals International Co., Ltd. 09 15:10-15:25 Tea Break 10 15:25-15:40 The Path to Global Recycled Metal Industry Development Driven by the ESG Background Guest Speaker: Xie Xiaoying, Director of Sustainability Business at Shanghai Lvran Environmental Information Technology Co., Ltd. 11 15:40-16:00 Changes in the Global Supply-Demand Pattern of the Recycled Metal Industry Guest Speaker: Cui Suoye, Non-Ferrous Consulting Director of SMM Information & Technology Co., Ltd. 12 16:00-16:20 Global Recycled Metal Industry Development Trends and Challenges from a Middle Eastern Perspective Guest Speaker: Sanjeev Phadke, Treasurer and Executive Committee Member of the Middle East Recycling Bureau 13 16:20-17:10 Roundtable Discussion: Exploring the Global Recycled Metal Market: In-Depth Analysis of Strengths and Challenges in India, the Middle East, Europe, and Southeast Asia Moderator: Fan Xin, Chairman of SMM Information & Technology Co., Ltd. Guest Speaker: Kittipot Thanalertlap, Metalcom Ltd. General Manager Sanjeev Phadke, Middle East Recycling Bureau, Head of Finance and Member of the Executive Committee WENCESLAO MANZ, DIMEXA HOLDINGS PTE. LTD., Director Tan Tian, Doctor Scrap, General Manager 14 18:30-20:00 Award Banquet - Awards for High-Quality Material Yards, Trustworthy Traders, and Outstanding Equipment Enterprises June 13 Sub-forum ·Battery Forum· 01 09:00-09:25 Strategic Layout of Thailand's Battery Recycling Industry: A Blueprint for the Development of the EV Industry in the Next Five Years Guest Speaker: Dusit, Chairman Advisor, Ministry of Industry, Thailand 02 09:25-10:15 Roundtable Discussion: Southeast Asia's Battery Resource Market: Supply Chain Dynamics Moderator: Cui Suoye, Director of Non-Ferrous Consulting, SMM Information & Technology Co., Ltd. Guest Speakers: Chen Wenkai, Chairman, Malaysian Non-Ferrous Metals Association Sujin Kim, Global Business Development Director, BatX Energies Zhao Bin, President, Thai-Chinese Rayong Industrial Zone Wu Xiaoyun, Chairman, Japan Gaoxing Industrial Co., Ltd. Shen Juan, Purchasing Director, Jingjiu Group 03 10:15-10:40 Current Status and Path to Transformation of Southeast Asia's Waste Lead-Acid Battery Market Guest Speaker: Wu Xiaoyun, Chairman, Japan Gaoxing Industrial Co., Ltd. 04 10:40-11:00 Tea Break 05 12:00-13:00 Improving the Battery Recycling System Driven by the Market Growth of EVs in Southeast Asia Guest Speaker: Luo Tieying, President, Jinchi Industrial Park 06 11:25-11:50 Exploring Africa: Sustainable Expansion and Opportunities for Raw Material Investment Guest Speaker: Yousef Al Sharif, Manager, Sharif Metals Group 07 12:00-13:30 Buffet Lunch ·Copper and Aluminum Forum· 01 14:00-14:20 New Dynamics in Global Supply and Demand of Recycled Copper and Aluminum from a North American Perspective Guest Speaker: Robin Wiener, President, Recycled Materials Association 02 14:20-14:40 SMM Serving the Global Recycled Copper and Aluminum Metal Market Guest Speaker: Zhang Xiaoyao, Project Leader of the Recycling Association, SMM Information & Technology Co., Ltd. 03 14:40-15:00 Global Supply-Demand Pattern of Recycled Metals from an Indian Perspective Guest Speaker: Amar Singh, Secretary General, Indian Recycling Bureau 04 15:00-15:20 Building a New Cambodia-China Metal Hub - Inviting You to Co-Establish an Overseas Demonstration Industrial Park for Recycled Non-Ferrous Metal Processing Guest Speaker: Cao Zhuo, General Manager of International Business for the Americas, Cambodia-China Metal Materials Industrial Park 05 15:00-15:20 Tea Break 06 15:20-16:20 Roundtable Discussion: Recycled Copper and Aluminum Yards: Innovative Recycling and Sorting Technologies Paving the Way for Green and Low-Carbon Industry Development Moderator: Zhou Bo, Executive Vice President, SMM Information & Technology Co., Ltd. Guest Speakers: Liang Jiali, Deputy General Manager, Foshan Lvtian Environmental Protection Machinery Equipment Co., Ltd. Li Zhiqiang, General Manager, Henan Recycling Technology Co., Ltd. Ye Hangyu, Director of Foreign Trade Department, Hefei Anjinglong Electronics Co., Ltd.

As the world places increasing emphasis on the sustainable use of resources and environmental protection, the status of the secondary metal market within the global metal industry has become increasingly prominent.

In recent years, Southeast Asia has emerged as a globally significant hub for the distribution and processing of recycled resources. Concurrently, with the deepening internationalization of industries such as NEVs, to expand overseas resources and enhance global competitiveness, processing enterprises in the secondary copper and aluminum sectors as well as the battery industry have increasingly chosen to establish factories in Thailand and other Southeast Asian countries. So, what are the investment risks in Southeast Asia's secondary metal industry? Thailand's NEV industry has developed rapidly, creating new demand growth points for the secondary metal industry. According to relevant data, Thailand processes over 1 million mt of aluminum scrap and copper scrap annually, with its processing capacity and trade scale being second to none in Southeast Asia. What is the future trend of recycled raw material supply in Thailand's industry chain? In recent years, frequent global geopolitical conflicts, from the wave of mine nationalization in South America to the supply chain restructuring triggered by the Russia-Ukraine conflict, from the scramble for resources in Africa to the escalation of trade barriers in Europe and the U.S., the secondary metal industry is undergoing an unprecedented reshaping of the international trade landscape. So, what are the international trade flows and consumption trends in the secondary metal industry under geopolitical tensions? In this context, on June 12-13, 2025 , SMM will hold the 2025 SMM 2nd Global Secondary Metal Industry Chain Summit Forum in Thailand , inviting Shilong Li, President of the China Innovation Alliance of the Recycled Resources Industry as the moderator, along with Xiangchun Zhou, General Manager of Dazheng Daji Metal (Thailand) Co., Ltd. , Xinghong Qin, General Manager of P.C. WOOD PRODUCTS CO.,LTD , Junbing Zhang, Global Procurement Director of Hailiang Group , and Qingcheng Liu, Deputy General Manager and Director of Thailand-China Nonferrous Metals International Co., Ltd. as guest speakers to participate in the top-tier enterprise interview on secondary metals, jointly discussing: 1. Future trends of recycled raw material supply based on Thailand's industry chain development 2. Investment risks in Southeast Asia's secondary metal industry 3. International trade flows and consumption trends in the secondary metal industry under geopolitical tensions Moderator & Guest Speakers Confirmed Guest Speakers Conference Agenda June 12 Main Agenda ·9:00-12:00 Company Visits ·10:00-12:00 Registration ·10:00-12:00 Networking ·12:00-13:00 Buffet Lunch ·13:30-13:45 Opening Remarks Guest Speakers: Xin Fan, Chairman of SMM Information & Technology Co., Ltd. Shilong Li, President of the China Innovation Alliance of the Recycled Resources Industry ·13:45-14:00 Green Transformation and Sustainable Development Prospects of Thailand's Secondary Metal Industry Guest Speaker: Dr. Somthai Wongcharoen, Secretary General of ASEAN Institution of Recycling (AIR) ·14:00-14:20 Strengthening International Exchange to Promote Green Development of China's Nonferrous Secondary Metals Guest Speaker (Pending): Shilong Li, President of the China Innovation Alliance of the Recycled Resources Industry ·14:20-15:10 Roundtable Forum: Top-Tier Enterprise Interview on Secondary Metals 1. Future Trends in Recycled Raw Material Supply Based on Thailand's Industry Chain Development 2. Investment Risks in Southeast Asia's Recycled Metal Industry 3. International Trade Flows and Consumption Trends in the Recycled Metal Industry Amid Geopolitical Changes Moderator: Li Shilong, President, China Alliance of Technological Innovation in Renewable Resources Industry Guest Speakers: Zhou Xiangchun, General Manager, Daizheng Daji Metal (Thailand) Co., Ltd. Kittipot Thanalertlap, Vice President, Metalcom Ltd. Zhang Junbing, Global Procurement Director, Hailiang Group Co., Ltd. Liu Qingcheng, Deputy General Manager and Director, Thai-China Nonferrous Metals International Co., Ltd. ·15:10-15:25 Tea Break ·15:25-15:40 The Path to Global Recycled Metal Industry Development Driven by ESG Background Guest Speaker (Pending): Xie Xiaoying, Director of Sustainable Development Business, Shanghai Lvran Environmental Information Technology Co., Ltd. ·15:40-16:00 Changes in the Global Supply-Demand Pattern of the Recycled Metal Industry Guest Speaker: Cui Suoye, Director of Nonferrous Consulting, SMM Information & Technology Co., Ltd. ·16:00-16:20 Global Recycled Metal Industry Development Trends and Challenges from a Middle Eastern Perspective Guest Speaker: Sanjeev Phadke, Treasurer and Executive Committee Member, Middle East Recycling Bureau ·16:20-17:10 Roundtable Discussion: Exploring the Global Recycled Metal Market: An In-depth Analysis of Strengths and Challenges in India, the Middle East, Europe, and Southeast Asia Moderator: Fan Xin, Chairman, SMM Information & Technology Co., Ltd. Guest Speakers: Kittipot Thanalertlap, General Manager, Metalcom Ltd. Sanjeev Phadke, Treasurer and Executive Committee Member, Middle East Recycling Bureau WENCESLAO MANZ, Director, DIMEXA HOLDINGS PTE. LTD. Tan Tian, General Manager, Doctor Scrap ·18:30-20:00 Award Ceremony Dinner Award Ceremony Dinner - Awards for High-Quality Material Yards, Trustworthy Traders, and Outstanding Equipment Enterprises June 13 Sub-forum ·Battery Forum· ·9:00-9:25 Strategic Layout of Thailand's Battery Recycling Industry: A Blueprint for the Development of the EV Industry in the Next Five Years Guest Speaker: Dusit, Chairman's Advisor, Ministry of Industry, Thailand ·9:25-10:15 Roundtable Discussion: Southeast Asia's Battery Resource Market: Supply Chain Dynamics Moderator: Fan Xin, Chairman, SMM Information & Technology Co., Ltd. Guest Speakers: Chen Wenkai, Chairman, Malaysia Nonferrous Metals Association Sujin Kim, Global Business Development Director, BatX Energies Zhao Bin, President, Thai-Chinese Rayong Industrial Zone Wu Xiaoyun, Chairman, Japan Koji Industrial Co., Ltd. Shen Juan, Procurement Director, Jingjiu Group ·10:15-10:40 Current Status and Transformation Path of Southeast Asia's Waste Lead-Acid Battery Market Guest Speaker: Wu Xiaoyun, Chairman, Japan Koji Industrial Co., Ltd. ·10:40-11:00 Tea Break ·11:00-11:25 Improving the Battery Recycling System Brought by the Market Growth of Two-Wheeled EVs in Southeast Asia Guest Speaker: Luo Tieying, President, Jinchi Industrial Park ·11:25-11:50 Exploring Africa: Opportunities for Sustainable Expansion and Raw Material Investment Guest Speaker: Yousef Al Sharif, Manager, Sharif Metals Group ·12:00-13:30 Buffet Lunch ·Copper and Aluminum Forum· ·14:00-14:20 New Dynamics in Global Recycled Copper and Aluminum Supply and Demand from a North American Perspective Guest Speaker: Robin Wiener, President, Recycled Materials Association ·14:20-14:40 SMM Serving the Global Recycled Copper and Aluminum Metal Market Guest Speaker: Zhang Xiaoyao, Project Leader of the Recycling Association, SMM Information & Technology Co., Ltd. ·14:40-15:00 Global Recycled Metal Supply-Demand Pattern Development from an Indian Perspective Guest Speaker: Amar Singh, Secretary General, India Recycling Bureau ·15:00-15:20 Building a New Cambodia-China Metal Hub - Inviting You to Co-establish an Overseas Demonstration Industrial Park for Recycled Nonferrous Metal Processing Guest Speaker: Cao Zhuo, General Manager of International Business in the Americas, Cambodia-China Metal Materials Industrial Park ·15:00-15:20 Tea Break ·15:20-16:20 Roundtable Discussion: Recycled Copper and Aluminum Yards: Innovative Recycling and Sorting Technologies Paving the Way for Green Carbon Reduction in the Industry Moderator: Zhou Bo, Executive Vice President, SMM Information & Technology Co., Ltd. Guest Speakers: Liang Jiali, Deputy General Manager, Foshan Lvtian Environmental Protection Machinery Equipment Co., Ltd. Li Zhiqiang, General Manager, Henan Recycling Technology Co., Ltd. Ye Hangyu, Director of Foreign Trade Department, Hefei Anjinglong Electronics Co., Ltd. List of Participating Companies

Recently, Lenovo and Huawei have successively launched new AI terminal products, further integrating intelligent agents with PCs. Among them, Lenovo unveiled its Tianxi Personal Super Intelligent Agent, along with AI PCs, AI smartphones, and AI tablets equipped with the Tianxi Personal Super Intelligent Agent. Huawei's first HarmonyOS-powered computer also integrated the Xiao Yi Intelligent Agent, marking the first time Huawei's AI assistant, Xiao Yi Intelligent Agent, has been available on a computer. Since 2023, chip producers and terminal brands have been actively positioning themselves in the AI PC market. With frequent moves in the industry, AI PCs are entering their "iPhone" moment. However, consumer acceptance of existing products remains mediocre. Several industry insiders told the China Securities Journal that the main challenges for AI PCs lie in the upstream supply chain, including memory and chips, with optimization still needed in cost control and scalability. It is estimated that the industry chain will take two to three years to gradually mature. ▍Real Challenges in the Supply Chain Li Weichang, General Manager of Lenovo China's Consumer PC and Tablet Business Unit, said in an interview with the China Securities Journal that, unlike the overseas standardized path led by Microsoft, the domestic AI PC ecosystem is fragmented, resulting in a diluted concept of AI PC. Li believes there is significant confusion in the market regarding the concept. "Some producers market NPU chips as a selling point, but many consumers who buy these so-called AI PCs find they lack AI functionality and do not improve efficiency," he said. There are also many practical bottlenecks in the industry chain, preventing AI PCs from truly reaching a stage of "natural progression." "For example, the upstream supply chain has not yet achieved cost control and scalability optimization, making it impossible to ensure a good user experience with smaller memory. In addition, the chips currently used by all producers are basically high-end chips, which are expensive and equipped with NPU modules capable of AI acceleration," Li said. Li used memory as an example, saying, "Large models like 7B require high memory, while the current mainstream is 16GB memory machines. The needs of general users are mainly for simple AI Q&A functions. Installing a 7B model on a device may affect its speed." However, Li is optimistic about the industry's development. With the scalability of the industry and technological upgrades, such as 32GB memory gradually becoming the market mainstream, the issues will be alleviated. At the same time, model distillation technology is also advancing, aiming to make models smaller and more capable. ▍Low Market Penetration but Rapid Growth Commenting on the current state of AI PCs, Xu Yue, an analyst at IDC China, believes that AI PCs are in the early stages of development, with low market penetration but rapid growth. Xu Yue stated that early AI PCs were mainly optimized based on traditional CPUs and GPUs to support some basic AI tasks. Nowadays, PC suppliers have introduced neural processing units (NPUs) specifically designed for AI, and their computing power has begun to rapidly upgrade to over 40 TOPS. These NPUs can run AI tasks more efficiently. According to Lenovo's internal data, the current activation rate of AI features in high-end models is 20-30%, with some models exceeding 30% and still rising. This indicates that the acceptance among mid-to-high-end users is increasing. In addition, Lenovo is also organizing AIGC campus creation competitions for college students and offering preferential policies to encourage more young people to embrace the AI era. Li Weichang revealed to a reporter from the Science and Technology Innovation Board Daily that Yang Yuanqing, Chairman and CEO of Lenovo Group, attaches great importance to the AI business. "He personally reviews the overall activity of AI PCs in the China region every week and monitors the trend of weekly active rates. Once a decline in activity is detected, such as a decrease instead of an increase, he will ask us to analyze the specific reasons." ▍When will native AI agent devices emerge? The integration of AI agents with PCs is becoming a key exploration direction for technology producers. Recently, Lenovo released multiple super AI agents, including the Tianxi Super Personal AI Agent and the Lexiang Enterprise Super AI Agent. IBM also launched a tool platform on the same day that can build AI agents within five minutes. Subsequently, Huawei announced that the Xiaoyi AI agent would make its debut on HarmonyOS PCs, integrating the Pangu large model and DeepSeek capabilities. Li Weichang judged that the value of AI agents as an entry point for human-computer interaction is becoming increasingly prominent. "In the future, we may have multiple AI agents with different functions on a single device, each responsible for different tasks, just like how OpenAI encourages developers to build various 'small robots' or 'small agents' that can freely combine and collaborate on the platform." This transformation may reshape the business models of the traditional internet era— shifting from an application-centric approach to an agent-centric one. Li Weichang stated that users may no longer need to download a large number of apps but can complete tasks by invoking different functional agents. Hardware producers will no longer be mere device providers but will become the optimal carriers for these agents to run on. Currently, the exploration of AI implementation has extended from PCs and mobile phones to lightweight devices such as smartwatches and glasses. However, Li Weichang admitted, "These devices still have inherent limitations, such as communication distance, computing power bottlenecks, weight, and size issues.Therefore, a true "native AI device" is still in the exploratory phase, and a clear product form has yet to emerge . This resembles the evolutionary process of a new species, requiring joint exploration by the industry." ▍AI PC Industry Chain Expected to Mature in 2-3 Years According to Canalys data, AI PC shipments in mainland China reached 5.8 million units in 2024, accounting for 15% of the overall PC market. Canalys believes this trend is expected to accelerate, with AI PCs projected to account for 34% of PC shipments in the Greater China region by 2025. " Drawing on the patterns of previous product upgrade cycles, the entire industry chain is expected to mature in approximately 2-3 years ," he further explained. "As upstream costs are optimized, particularly with the decline in chip prices, MP-level chips will demonstrate better cost-effectiveness, creating favorable conditions for the widespread adoption of AI PCs." Xu Yue also believes that with the continuous maturation of technology and reduction in costs, the market penetration rate of AI PCs is expected to continue to rise rapidly. "Chip technology will continue to make breakthroughs, with the performance of NPUs continuously improving. As more AI PCs with computing power exceeding 40 TOPS become available, they will further meet the demands for local large model deployment and more complex AI applications. At this stage, the application scenarios of AI PCs are mainly concentrated in content creation, smart office, etc., with the potential to expand into diversified scenarios such as education, travel, entertainment, and health in the future. In addition, localized deployment is the future direction. " "Due to the high operational costs, data privacy, and security risks associated with cloud-based AI deployment, deploying AI technology from the cloud to localized PCs has become an important trend. " Xu Yue said.

Under the MoU, Gasgoo and A2MAC1 will join forces in several areas which can leverage both parties expertise in the industry to co-create values to customers.

The US Exempts Certain Goods from "Reciprocal Tariffs" According to Xinhua News Agency, the US Customs and Border Protection announced on the evening of April 11 that the federal government has agreed to exempt electronic products such as smartphones, computers, and chips from so-called "reciprocal tariffs." Documents released by the Customs and Border Protection show that these products are excluded from the so-called "reciprocal tariffs" imposed by the government on trading partners. The documents indicate that the exemptions apply to electronic products entering the US after April 5, and "reciprocal tariffs" already paid can be refunded. Bloomberg reported that the measure may alleviate the price pressure faced by US consumers to some extent, while benefiting electronics giants including Apple and Samsung Electronics. Financial analyst Hussein Kubesi pointed out that this marks a "180-degree turn" in the US government's tariff policy. Recently, the US government has implemented extensive and erratic tariff policies, causing turmoil in financial markets and drawing criticism from Republican heavyweights, including former Vice President Mike Pence. The First Round of Indirect Negotiations Between the US and Iran Concludes, Both Sides Agree to Continue Talks Next Week According to CCTV News, the first round of indirect negotiations between Iran and the US on lifting sanctions and nuclear issues concluded in Oman on the afternoon of April 12. The Iranian Foreign Ministry stated that the talks were conducted in a constructive atmosphere of mutual respect, and both sides conveyed their respective government positions on lifting illegal sanctions against Iran and Iran's peaceful nuclear program through the Omani Foreign Minister. Both sides agreed to continue the talks next week. Additionally, after the indirect negotiations, the heads of the Iranian and US delegations had a brief face-to-face exchange witnessed by the Omani Foreign Minister as they left the meeting venue. According to Global Times citing AFP and other media reports, before the US and Iran held talks in Oman on April 12 on issues including Iran's nuclear program, US President Trump stated on April 11 that he "hopes Iran becomes a great country, but without nuclear weapons." What Lies Ahead for Crude Oil Prices? This week, Trump announced comprehensive tariff measures, intensifying expectations of a global economic recession and dampening crude oil consumption expectations. WTI crude oil fell to a four-year low of $55.12 per barrel. Regarding this week's performance of crude oil futures, Chen Dong, a senior energy and chemical researcher at Baocheng Futures, explained that while the US "reciprocal tariff" policy suppressed global economic growth expectations, OPEC+'s accelerated production increase decision significantly exceeded market expectations. Against the backdrop of weakening macro and industry factors, both domestic and overseas crude oil futures prices plummeted. Chen Dong believes that the recent sharp decline in crude oil futures prices is due to two factors: first, the US "reciprocal tariff" policy has sparked concerns of a global economic recession, turning macro sentiment pessimistic and causing a sharp decline in risk asset prices; second, eight OPEC+ oil-producing countries recently decided to increase production by 411,000 barrels per day starting in May, significantly exceeding market expectations and further weakening already fragile oil prices. He noted that OPEC+'s unexpected production increase is a response to long-term overproduction by Kazakhstan and Iraq. Meanwhile, OPEC+ faces the dilemma of choosing between market share and price stability. Non-OPEC+ supply led by the US is eroding OPEC+'s market share. The EIA expects non-OPEC crude oil supply to increase by 1.44 million barrels per day YoY in 2025. The IEA believes non-OPEC crude oil supply will grow by 1.5 million barrels per day YoY in 2025. Additionally, OPEC expects non-OPEC crude oil supply to increase by 1.01 million barrels per day YoY in 2025. With supply expectations continuing to rebound, the price center of both domestic and overseas crude oil futures is steadily declining. Sui Xiaoying, chief petrochemical researcher at the trading consulting department of Founder Midterm Futures, stated that US tariff measures have escalated global trade friction, increased the risk of a global economic recession, exacerbated financial market turmoil, and caused a sharp decline in international oil prices. "Affected by US tariff policies, crude oil consumption faces a blow," Sui Xiaoying said. Against the backdrop of OPEC+'s further production increases, global crude oil supply will rebound in 2025. Meanwhile, under the expectation of a global economic recession, crude oil consumption growth will decline. With increased US sanctions, there is a risk of reduced crude oil supply from Iran and Venezuela, potentially alleviating expectations of a crude oil market surplus. The EIA expects the crude oil market to face a supply surplus in H2 2025, with the surplus reaching 640,000 barrels per day in Q4. The IEA expects the surplus to reach 1.1 million barrels per day in Q4 this year, with an annual surplus of 600,000 barrels per day. Additionally, Sui Xiaoying noted that future escalation of the trade war will negatively impact the global economy, further dampening crude oil consumption. After the US announced the "reciprocal tariff" policy, Goldman Sachs lowered its 2025 and 2026 crude oil demand growth forecasts to 300,000 and 400,000 barrels per day, respectively, while Morgan Stanley reduced its H2 2025 crude oil demand growth forecast to 500,000 barrels per day. Yan Lili, a crude oil and asphalt analyst at the New Era Futures Research Institute, stated that this week's EIA monthly report significantly lowered crude oil demand and price forecasts. The EIA expects global crude oil consumption to increase by 900,000 barrels per day in 2025 and 1 million barrels per day in 2026, down by 400,000 and 100,000 barrels per day, respectively, from last month. Overall, affected by tariff policies, short-term oil price trends are weak but may experience significant fluctuations. US-Iran negotiations are crucial, with the US Treasury pressuring Iran again, and Iran considering a temporary nuclear agreement with the US to buy more negotiation time. If negotiations break down, geopolitical risks may escalate. Chen Dong believes that short-term crude oil futures may continue to decline. Although US President Trump announced a 90-day suspension of "reciprocal tariffs" on some countries, this 90-day period is a negotiation phase, and high tariffs may still be implemented after the period ends. Additionally, OPEC+ is entering a production increase cycle. As the summer oil consumption season in the Northern Hemisphere approaches, it may bring phased support to crude oil futures prices. Looking ahead, Sui Xiaoying stated that US tariff policies will further depress oil prices in the long term. Recent consecutive sharp declines in crude oil have released negative sentiment, and short-term tariff policy trends will continue to dominate market sentiment and oil prices. In the absence of further negative news, oil prices may experience an oversold rebound, but overall upward momentum is limited. In the long term, as Trump's tariff policies and various countries' countermeasures gradually take effect, deteriorating trade conditions will increase the risk of a global economic downturn, potentially leading to a global economic recession, negatively impacting crude oil consumption and further depressing oil prices. Therefore, the overall trend for crude oil remains bearish.

[SHFE Releases Announcement on Approving Henan Guochu Logistics Co., Ltd. to Increase the Approved Storage Capacity for Aluminum Futures] On September 24, 2024, the Shanghai Futures Exchange (SHFE) released the Announcement on Approving Henan Guochu Logistics Co., Ltd. to Increase the Approved Storage Capacity for Aluminum Futures. In accordance with the relevant regulations such as the Administrative Measures for Designated Delivery Warehouses of the Shanghai Futures Exchange, after research and decision, it was agreed that the approved storage capacity for aluminum futures at the warehouse located at No. 2, Xiaoyi Road, Gongyi City, Henan Province, operated by Henan Guochu Logistics Co., Ltd., would be increased from 15,000 tons to 25,000 tons. Source: Shanghai Futures Exchange