FAW Jiefang Automotive Co., Ltd. and Guangdong Yuntao Hydrogen Energy Technology Co., Ltd. recently held a signing ceremony for strategic and business cooperation in Guangzhou, Guangdong. Zhang Xiaofan, Member of the Standing Committee of the Party Committee and Deputy General Manager of China FAW, and Yang Qiang, Chairman of Yuntao Hydrogen Energy, attended and witnessed the signing. At the ceremony, Liu Jiangwei, Director of the Hydrogen Energy Industry Development Office of the Strategy and Cooperation Department of China FAW, and Zhang Bei, President of Yuntao Hydrogen Energy, signed a strategic cooperation agreement on hydrogen energy; Fan Guoqiang, Executive Deputy General Manager of the Marketing Headquarters of FAW Jiefang, and Liu Wei, Co-President of Yuntao Hydrogen Energy, signed a business cooperation agreement. The cooperation will focus on hydrogen heavy-duty truck R&D, market promotion, and operational scenario deployment. Against the backdrop of accelerating new energy commercial vehicle development, hydrogen heavy-duty trucks are regarded as a key direction for addressing high carbon emissions in logistics and transportation and filling the green shortfall in heavy-load, long-haul transport. This partnership will move hydrogen heavy-duty trucks from technology pilot projects and scenario demonstrations toward standardized, commercialized, and normalized operations . FAW Jiefang has long-standing expertise in heavy-duty truck vehicle R&D and manufacturing, powertrain matching, and marketing and service networks, providing vehicle platforms and market channel support for the large-scale rollout of hydrogen heavy-duty trucks. Yuntao Hydrogen Energy, meanwhile, has long been engaged in fuel cell engine R&D and hydrogen operational scenarios. In 2025, it ranked among the industry forefront in fuel cell system installations and matching vehicle deployments, and became a hydrogen energy enterprise with deployments exceeding 2,000 units that year. Based on the cooperation focus, the two parties will advance work in three areas: jointly developing customized hydrogen heavy-duty trucks tailored to trunk-line logistics and high-speed transport scenarios; co-building a hydrogen supply network to complete the supporting infrastructure required for commercial vehicle operations; and exploring standardized, scenario-based operational models to create a replicable and scalable hydrogen logistics system. According to the "Implementation Plan for Promoting Large-Scale Application of New Energy Heavy-Duty Trucks" jointly issued by 11 national departments, the new energy heavy-duty truck penetration rate target is 40% by 2030, with ownership exceeding 1.6 million units. This collaboration between Yuntao Hydrogen Energy and FAW Jiefang will accelerate deployment in scenarios such as zero-carbon highway logistics, driving the transition of traditional fuel-based logistics toward low-carbon and clean operations.

SMM July 2 news: Metal markets: As of midday close, base metals on the domestic market mostly fell. SHFE copper and SHFE aluminum each fell within 0.2%. SHFE lead fell 0.72%. SHFE zinc fell 1.04%. SHFE tin rose 0.15%. SHFE nickel fell 0.41%. In addition, the most-traded cast aluminum futures fell 0.97%, while the most-traded alumina futures rose 0.21%. Lithium carbonate most-traded futures extended gains from the previous three trading days, rising another 1.26%. Silicon metal most-traded futures fell 0.18%. Polysilicon most-traded futures rose 0.36%. Ferrous metals mostly fell. Iron ore rose 0.54%. HRC and rebar fell within 0.5% each, and stainless steel fell 0.92%. Coking coal and coke: the most-traded coking coal contract rose 0.28%, and the most-traded coke contract fell 0.96%. In overseas base metal markets, as of 11:39 am, LME metals nearly all fell. LME copper fell 0.31%, LME aluminum fell 0.19%, LME lead was flat at $1,866.5/mt. LME zinc fell 0.2%, LME tin edged lower, and LME nickel fell 0.4%. In precious metals, as of 11:39 am, COMEX gold fell 0.16% and COMEX silver rose 0.03%. In domestic precious metals: SHFE gold rose 1.28%; the most-traded SHFE silver contract rose 2.06%. In addition, as of midday close, the most-traded platinum futures rose 5.12%, and the most-traded palladium futures rose 2.82%. As of midday close, the most-traded European route container freight futures fell 2.12% to 2,561 points. As of 11:39 am on July 2, midday futures quotes for select contracts: Spot and Fundamentals Aluminum: In the morning session, the trading center of the SHFE aluminum 2606 contract was higher than that of the same period on the previous trading day. Warrant cargoes continued to flow out of the market, and circulating spot supply was generally ample. Downstream only saw sporadic restocking, and with bearish sentiment spreading in the futures market, end-user purchase willingness was overall weak. Mainstream transactions were at parity to a premium of 20 yuan/mt over the SHFE aluminum 2607 contract... Macro Front Domestic: [The mandatory national standard "Safety Requirements for Combined Driving Assistance System of Intelligent and Connected Vehicles" was officially released] On June 27, the mandatory national standard "Safety Requirements for Combined Driving Assistance System of Intelligent and Connected Vehicles" (GB 47955—2026), organized, formulated and centralized by the Ministry of Industry and Information Technology, was approved and released by the State Administration for Market Regulation and the National Standardization Administration, and is scheduled to be officially implemented on January 1, 2027. 《Safety Requirements for Intelligent Connected Vehicles—Combined Driver Assistance Systems, grounded in the needs of industry development and regulatory oversight in China, takes into account technical feasibility, product compatibility, and practical implementability, and establishes a safety indicator framework with clear requirements, comprehensive dimensions, and alignment with national conditions. First, it fully considers different product forms and technical routes, proposing applicable safety requirements for three types of combined driver assistance system products: basic single-lane, basic multi-lane, and navigation driver assistance. Second, based on China’s road traffic characteristics, it sets out baseline requirements to ensure the safe operation of combined driver assistance systems across dimensions such as functional requirements, data recording, and vehicle manufacturer safety assurance. Third, recognizing the core positioning of these systems as "assistance" in driving, it puts forward requirements for user usage and operation in areas such as human-machine interaction, usage instructions, and user training, providing a foundational guarantee for proper coordination between users and systems. Fourth, in line with the practical needs of China’s industry management, it builds a multi-tiered evaluation approach encompassing field tests, road tests, and document inspections to comprehensively assess system safety capabilities. The PBOC conducted ¥288.5 billion in 7-day reverse repos today, with an operation rate of 1.4%, unchanged from the previous level. Today, ¥370.5 billion in reverse repos matured. US Dollar: As of 11:39, the US dollar index fell 0.03% to 101.39. Fed Chairman Warsh said Wednesday that inflation expectations and inflation risks have both declined in recent weeks, while reiterating the Fed’s commitment to bringing inflation down to the 2% target. "In the first few weeks of this period, inflation expectations have pulled back, and inflation risks have also eased," Warsh said. "If households, the business community, or financial markets think the Fed is comfortable with inflation above 2%—well, they are likely to be disappointed: we will ensure price stability in the US." Fed Chairman Warsh sidestepped questions on whether the Fed might raise rates at its July meeting. "I hope that when we meet in four weeks, we can have a robust 'internal family debate,'" he said. "When we close the doors and sit down together, we will have a vigorous debate. But beyond that, I have no further information to share." Warsh made the remarks at the ECB’s annual policy conference in Sintra, Portugal; this was his first public appearance since his inaugural press conference at the Fed last month. Since then, investors have begun to anticipate more rate hikes from the Fed, but the market currently sees the likelihood of a first hike this month at less than 50%. According to CME "Fed Watch": The probability that the US Fed will keep rates unchanged in July is 71.7%, and the probability of a cumulative 25-basis-point rate hike is 28.3%. The probability that the Fed will keep rates unchanged by September is 36.1%, the probability of a cumulative 25-basis-point hike is 49.8%, and the probability of a cumulative 50-basis-point hike is 14.1%. (Jin10 Data APP) On the data front: US manufacturing expanded for a sixth consecutive month in June, with the war-driven surge in input costs easing. Printing, electrical equipment, and textiles led the gains, while paper products, furniture, and wood products contracted. Market attention has now shifted to Thursday's US employment report. Julien Lafargue, chief market strategist at Barclays Private Bank and Wealth Management, noted that with Warsh prioritizing inflation, the June non-farm payrolls data is "unlikely to change rate expectations on its own." He added that hiring related to the FIFA World Cup is expected to distort the data. (Wall Street Insights) Data front: Today will see the release of the US June unemployment rate, US June seasonally adjusted non-farm payrolls, US initial jobless claims for the week ended June 27, US June average hourly earnings year-over-year, US June average hourly earnings month-over-month, US May factory orders month-over-month, Switzerland June CPI month-over-month, eurozone May unemployment rate, among other data. Additionally, watch for: the Ministry of Commerce's regular press conference for the first week of July, and 2027 FOMC voting member and San Francisco Fed President Daly’s participation in a conference on the Spanish economy. Due to the US Independence Day holiday (July 3), the US June non-farm payrolls data will be released earlier on July 2 (Thursday) at 20:30 Beijing time. US stock markets will be closed on July 3 (Friday). Trading in precious metals, energy, foreign exchange, US Treasury, and equity index futures contracts on CME will end early at 01:00 Beijing time on July 4. Trading in Brent crude oil futures contracts on ICE will end early at 01:30 Beijing time on July 4. Investors are advised to take note. (Jin10 Data APP) Crude oil: As of 11:39, oil prices in both markets extended their decline from the previous two trading sessions, with WTI down 1.4% and Brent down 1.24%. International crude oil prices pulled back due to progress in Middle East peace talks. (Wall Street Insights) As supply through the Strait of Hormuz rebounded, OCBC Group Research lowered its quarterly crude oil forecasts through the end of Q2 2027. Two OCBC strategists noted in a research report: "With the signing of a memorandum of understanding between the US and Iran, shipping and crude oil supply through the Strait of Hormuz have rebounded."They also said, "Market expectations that crude oil supply would return to normal quickly pushed oil prices back to pre-conflict levels, rekindling oversupply rhetoric." OCBC cut its Brent crude price forecast for Q3 2026 from $85 to $75 per barrel, Q4 2026 from $80 to $75, Q1 2027 from $75 to $73, and Q2 2027 from $75 to $71. (Jin10 Data APP) Increasing energy flows through the Strait of Hormuz prompted UBS to cut its 2026-2027 oil price forecast. UBS now expects Brent crude to average $84 per barrel this year, down $9 from its previous forecast. The bank also cut its 2027 oil price forecast from $85 to $75 per barrel. UBS said, "The decline in geopolitical risk and the rapid rebound in supply led to a larger price drop than we had expected." The bank expects oil prices to rebound slightly to $80 per barrel in H2 this year as floating storage in the Gulf region normalizes and demand recovers. UBS also believes risk premiums will be higher because the path to normalization may remain bumpy. UBS said, "The need to replenish inventories should continue to support prices through the end of 2027, but the required magnitude of stock rebuilding is smaller than the 1 billion barrels we previously expected." (Jin10 Data APP) Spot Market Overview: ► ► ► ► ► ► ► ► ► ► ► ► ►

★ Macro ★ 01 ★★ [Oil Prices May Return to the 7-Yuan Era] According to China's refined oil product price adjustment cycle, the 13th adjustment window of the year will open at 24:00 on July 3, with only 3 statistical working days remaining and 70% of the current pricing cycle completed. As reported by Dazhong Daily, the decline in oil prices has continued to widen during this cycle, deepening for six consecutive days from an initial drop of just over 0.4 yuan to the current level exceeding 0.65 yuan. The trend of a substantial cut appears largely irreversible, and this Friday evening may mark the year's first triple consecutive decline in oil prices, as well as the fourth price reduction in 2024. As of the calculation data from the 7th working day, estimated figures show a cut of 820 yuan/mt for gasoline and 790 yuan/mt for diesel. Converted to retail terminal unit prices, estimates show a drop of 0.66 yuan per liter for 92-octane gasoline, 0.7 yuan per liter for 95-octane gasoline, and 0.68 yuan per liter for 0# diesel. The two previous adjustments in June had already achieved a double consecutive decline, with cumulative cuts of 1,040 yuan/mt and 1,000 yuan/mt for gasoline and diesel respectively, equivalent to a cumulative price drop of between 0.84 and 0.89 yuan per liter. The price of 92-octane gasoline has fallen below 8 yuan, returning to the 7-yuan range. Once this round of cuts takes effect, the national average price for 95-octane gasoline may fall below 8 yuan, re-entering the 7-yuan era. 02 ★★ [US and Iranian Officials to Hold Indirect Talks in Doha] Sources stated on July 1 that officials from the US and Iran will hold indirect talks in the Qatari capital, Doha, later that day. ★ Industry and Downstream ★ 01 ★★ [Shenzhen Real Estate Market Hits New High for June Transactions in Nearly Six Years] According to data released today by the Shenzhen Centaline Research Center, first-hand and second-hand residential transactions in Shenzhen totaled 8,878 units in June, down 11.9% MoM yet up 14.2% YoY. The combined transaction volume was the highest for the same period since 2021. Specifically, online registrations for new housing (pre-sale and existing) amounted to 3,785 units, a decrease of 16.7% MoM but an increase of 15.6% YoY, while second-hand housing transfers reached 5,093 units, down 8% MoM but up 13.1% YoY. Monitoring data indicates that both new home pre-sales and second-hand home transactions in Shenzhen for the month reached record highs for the same period over the past six years, marking the best June performance for the property market in nearly six years. 02 ★★ [China-Made Air Conditioners See Export Orders Surge from Europe] Data shows that only about 20% of European households have air conditioning installed. Due to the concentrated surge in European demand for cooling, export orders for Chinese-made air conditioners have continued to grow. Air conditioning enterprises are working overtime to produce and fulfill these export orders. At an enterprise's air conditioner production workshop in Jiangmen, Guangdong, workers are rushing to assemble air conditioner parts. Since March this year, the enterprise’s export orders to the European market saw a sharp increase, with exports in May exceeding 800,000 units, up 20.3% YoY. The person in charge told the reporter that many residential buildings in Europe were built long ago, building facades are subject to strict controls, and installation procedures for traditional split air conditioners are complicated with high approval thresholds. Mobile air conditioners produced by Chinese enterprises, which require no outdoor unit and no wall drilling, precisely match the usage scenarios of local homes, apartments, and shops. An air conditioner enterprise’s sales in the French market in June surged over 100% YoY, while its Italian market sales rose 30% YoY in June. 03 ★★ [Chongqing: Promoting Housing "Trade-in" and Optimizing Support Policies such as "Selling Smaller to Buy Larger" and "Transfer with Mortgage"] The Chongqing Municipal Housing and Urban-Rural Development Committee is publicly soliciting opinions on the "Chongqing Urban Housing High-Quality Development 15th Five-Year Plan (Draft for Comments)". It proposes to promote a virtuous cycle in the new and second-hand housing markets, advance housing "trade-in", optimize support policies such as "selling smaller to buy larger" and "transfer with mortgage", reduce transaction costs, and foster synergy between the new and second-hand housing markets. Based on the "Yuyue Anju" system, fully implement online contract signing services for existing homes, establish and improve mechanisms for supervision of existing home transaction funds, listing and release of property listings, and price monitoring; simplify the transaction process, strengthen real estate registration information sharing, automatically verify property information, and promote "one-stop acceptance" and full online processing of transaction services. 04 ★★ [TISCO Steel Science & Technology Company Successfully Trials T1100S-Grade Ultra-High-Strength Carbon Fiber in a Single Attempt] According to China Baowu, recently, the TISCO Steel Science & Technology Company under China Baowu successfully trial-produced T1100S-grade ultra-high-strength carbon fiber in a single attempt, with excellent performance across all key indicators, reaching domestic leading and international advanced levels. Carbon fiber is a key strategic material supporting aerospace and high-end equipment manufacturing. From aircraft structural components to rocket casings, breakthroughs in lightweight materials directly determine the performance ceiling of equipment. The T1100S grade, meanwhile, is a top-tier high-modulus, ultra-high-strength carbon fiber in the industry, with extremely high technical barriers, and has long been a key focus of China’s new material breakthroughs. 05 ★★ [In H1, New Home Prices in 100 Chinese Cities Edge Up Cumulatively, While Second-Hand Home Prices Fall] In the first half of this year, new home prices in 100 Chinese cities continued a structural uptrend. In June, the average new home price in the 100 cities was 17,184 yuan per m², up 0.16% MoM and up 2% YoY. Second-hand home prices in the 100 cities fell cumulatively. In June, the average second-hand home price in the 100 cities was 12,639 yuan per m², down 0.42% MoM and down 7.68% YoY. Core cities were the first to show positive signals: Shenzhen’s second-hand home prices turned to a month-on-month increase in June, while Shanghai’s second-hand home prices rose MoM for four consecutive months. ★Other Hot Topics★ ⭕ [China Fully Enters Main Flooding Season Today] Starting July 1, China fully entered the main flooding season. According to forecasts and comprehensive assessments, during the main flooding season (July–August), both northern and southern China will see areas of heavy rainfall, with the north facing relatively severe flooding, more frequent localized extreme rainstorms and floods, and stronger typhoons moving northward to affect inland areas. Meanwhile, parts of the southwest and northwest may experience periodic droughts due to high temperatures and low rainfall. The flood control and drought relief situation is severe and complex. On the morning of July 1, the Ministry of Water Resources organized a rolling consultation to analyze and assess the current and near-term development of rainfall, water conditions, flooding, and drought, and deployed targeted key preventive measures accordingly. Based on the 24-hour rainfall forecast, the ministry issued province-specific targeted early warnings to 14 provinces (autonomous regions and municipalities), including Liaoning, Shanghai, Zhejiang, Anhui, Jiangxi, Hubei, Hunan, Guangxi, Sichuan, Guizhou, Yunnan, Gansu, Qinghai, and Xinjiang. These warnings detailed lists of counties (cities and districts) under heavy rainfall coverage, reservoir lists, and flash flood disaster risk areas and locations, and reminded relevant parties to ensure safe reservoir operation during flooding, and to guard against small and medium river floods and flash flood disasters. ⭕ [Domestic Route Fuel Surcharges to Be Sharply Cut from July 5] 9 Air issued a notice today stating that effective July 5, 2026 (ticket issuance date), domestic route fuel surcharges will be reduced. For routes over 800 kilometers, each passenger will be charged 100 yuan, and for routes of 800 kilometers or less, each passenger will be charged 50 yuan, representing cuts of 50 yuan and 30 yuan, respectively, from the previous levels. In April and May this year, domestic fuel surcharges were raised significantly for consecutive months. Starting June 5, they were reduced by 20 yuan and 10 yuan for the two categories. With the decline in fuel prices, the fuel surcharge reduction in July is much larger. ⭕ ["US ADP Employment Data" Lower Than Expected] US ADP employment for June was 98,000, the lowest increase since March, below the expected 118,000. The prior reading was 122,000. *This report is an original work and/or compilation produced exclusively by SMM Information & Technology Co., Ltd. (hereinafter referred to as "SMM"). SMM legally holds the copyright and is protected by the Copyright Law of the People's Republic of China and other applicable laws and international treaties. No reproduction, modification, sale, transfer, display, translation, compilation, dissemination, or any other form of disclosure of the above content to third parties or licensing thereof is permitted without written authorization. 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Ferrari and BMW are introducing aluminum wiring into new vehicle models, joining Tesla and several Chinese EV manufacturers in replacing part of their copper wiring with aluminum. Aluminum costs roughly one-quarter as much as copper and offers significant weight savings, helping improve vehicle efficiency and driving range. JPMorgan noted that aluminum substitution is accelerating across multiple sectors—including automotive, power cables and home appliances—and estimated that the broader substitution trend could affect around 2% of global copper demand in 2026. Under a scenario where copper supply remains tight and prices stay structurally elevated, the bank projects that as much as 6% of annual copper demand could be replaced by aluminum by 2030. However, due to copper's superior electrical conductivity and performance in high-specification applications, it is expected to remain the dominant conductor material in the near term.

[SMM Monthly Wire and Cable Operating Rate] SMM learned that the operating rate of wire and cable enterprises in June fell 0.11 percentage points MoM to 72.22%, and declined 0.19 percentage points YoY. The operating rate for large enterprises was 77.62%, for medium-sized enterprises it was 47.54%, and for small enterprises it was also 47.54%. The operating rate is expected to increase 0.43 percentage points MoM to 72.65% in July.

On 25,June,Premier African Minerals Limited ("Premier" or the "Company") has provided an update on the optimisation progress of the upgraded flotation plant at the Zulu Lithium and Tantalum Project ("Zulu"), as well as on ongoing discussions regarding the extension of the Long Stop Date under the Company's prepayment and offtake arrangements. Managing Director Graham Hill commented that the initial results from the upgraded flotation circuit are very encouraging and represent the most positive operating performance seen from the plant to date. Although commissioning was cut short due to the exhaustion of available ore feed, the circuit demonstrated a significant improvement in concentrate quality and overall operating stability compared with the previous configuration. The immediate priority is to ensure sufficient ore is available on the ROM pad to support continuous operation, as flotation optimisation requires sustained operation over an extended period. Establishing an adequate stockpile before recommencing commissioning activities is considered the most efficient approach. The objective is to operate the plant continuously for approximately 30 days, which should provide the data and operating experience required to fully optimise the circuit and assess its long‑term performance. In parallel, the Company is engaging constructively with Canmax regarding a further extension of the Long Stop Date. Discussions are positive and Canmax is currently reviewing the latest operational data generated during commissioning. Operational Performance Initial commissioning of the upgraded flotation circuit has demonstrated encouraging performance improvements. Based on internal laboratory analyses conducted during commissioning, the upgraded circuit achieved rapid froth formation following start‑up and produced concentrate grades materially exceeding those previously achieved. Internal assay results recorded sample concentrate grades exceeding 5.0% Li₂O, with peak sample grades of up to 5.58% Li₂O. These results are preliminary in nature and should not be regarded as independently verified. The commissioning programme was curtailed by the exhaustion of available ore feed, preventing the plant from undergoing the extended period of continuous operation typically required to fully optimise and stabilise the flotation circuit. The limited ore availability reflects the Company's current financial position and the associated constraints on mining activities at Zulu, with operations continuing on a reduced scale due to insufficient resources to mobilise a large‑scale mining contractor. Nevertheless, the Board believes that the encouraging commissioning results achieved to date provide a strong platform for the next phase of optimisation work and anticipates that, subject to continued operational progress and stakeholder engagement, the Company will be better positioned to secure the resources necessary to support the mobilisation of a larger‑scale mining contractor capable of providing sufficient ore for sustained plant operations. The improved performance and throughput achieved during commissioning resulted in substantially all of the approximately 6,000 tonnes of ore made available for commissioning and optimisation activities being processed. As a result, additional ore will need to be mined and stockpiled before extended optimisation activities can recommence. Further optimisation, continuous operation and independent verification, where appropriate, will be required before the Company can fully assess the performance and operational capability of the upgraded flotation circuit. Regarding the handling of concentrate produced during commissioning and test work, the Company is currently evaluating options. Subject to obtaining any necessary approvals, including the consent of Canmax where required, and compliance with all applicable regulatory and contractual obligations, the Company may seek to market and sell certain quantities of concentrate produced during the commissioning process in country. No assurance can be given that any such sales will occur or as to the timing or terms of any such transactions. ROM Stockpile and Ongoing Optimisation Programme The improved performance of the upgraded flotation circuit resulted in the processing of substantially all of the approximately 6,000 tonnes of ore that had been made available for commissioning and optimisation activities. As flotation optimisation requires sustained and continuous operation over an extended period, the Company's immediate focus is on rebuilding ore inventories on the ROM pad to support a planned continuous operating campaign of approximately 30 days. Given the current reduced scale of mining activities, the Board believes that establishing an adequate ore stockpile prior to recommencing optimisation represents the most efficient use of available resources and will maximise the value of future optimisation activities. The Company is therefore prioritising the accumulation of sufficient ore feed to support an uninterrupted optimisation programme and enable a comprehensive assessment of plant performance under sustained operating conditions. Based on current mining and stockpiling activities, the Company expects to have sufficient ore available on the ROM pad to recommence plant operations during July 2026. This timetable remains subject to mining performance and other operational factors. Long Stop Date Discussions The Company has approached Canmax Technologies Co., Ltd. ("Canmax") regarding a further extension of the Long Stop Date (see announcement on 5 January 2026 for further information) under the existing prepayment and offtake arrangements. Discussions with Canmax are constructive and positive. As part of its review process, Canmax is currently assessing the latest operational and commissioning data generated by the upgraded flotation circuit, together with the broader technical progress achieved at Zulu. While discussions remain ongoing and no definitive agreement has yet been reached, the Board is encouraged by the engagement to date and believes that both parties remain committed to finding a mutually acceptable path forward. Under the existing prepayment and offtake arrangements, the Long Stop Date is the date by which Premier will have delivered either sufficient spodumene SC6, or provided cash settlement, to Canmax to settle the advance purchase amount provided by Canmax to Premier in full. As previously announced on 5 January 2026, Premier and Canmax agreed, subject to certain conditions, to extend the Long Stop Date to the earlier of 30 June 2026 or the date on which a reputable buyer acceptable to Canmax executed a binding agreement to settle and/or manage Canmax's Prepayment Amount plus interest on terms to be agreed by Canmax. Publication of Audited Accounts The Company's report and accounts for the year ended 31 December 2025 ("Accounts") are due for publication on or before 30 June 2026 ("Publication Date"). The Accounts are at an advanced stage of preparation and remain subject to final review and auditor signoff, including consideration of ongoing discussions regarding the proposed extension of the Long Stop Date. The Company continues to work towards publication by the Publication Date. Further updates will be provided as and when appropriate. Source: polaris.brighterir.com/public/premier_african_minerals/news/rns/story/rd623px

In H1 2026, lithium battery recycling capacity construction accelerated, with seven provinces and regions—Ningxia, Jiangxi, Hunan, Anhui, Sichuan, Hubei, and Xinjiang—collectively announcing environmental impact assessment documents for a batch of scrap lithium battery recycling and comprehensive utilization projects. These projects cover various types of scrap resources such as LFP, ternary battery packs, positive and negative electrodes, and wires and cables, showing a clear trend of lithium battery recycling expanding from eastern coastal regions to the inland areas of central and western China.

Guangdong is a core hub of China’s wire and cable industry cluster, with a well-established industry chain, distinct locational advantages, and market reach extending across South China, Hong Kong, Macau, and Southeast Asia. The sector currently faces both opportunities and challenges: new energy and infrastructure markets outside China are expanding the space for going global, yet fluctuations in copper and aluminum raw materials, capacity homogenization, and low-price involution are squeezing corporate profits. Digital and intelligent upgrading has thus become the key to breaking through. will be held from July 14 to 15, 2026 at the Wyndham Hotel in the Guangzhou Design Capital, Guangdong . SMM , in partnership with Luoyang Sanwu Cable Group Co., Ltd. , invites you to attend. Leveraging entire industry chain data and in and outside China resources, the summit will focus on market analysis, transformation and upgrading, supply-demand matchmaking, and empowerment for going global, helping local enterprises enhance quality and expand markets while driving high-quality, internationalized development in the regional wire and cable industry. Click to . We look forward to meeting you at the summit. Sanwu Cables Reach Across the Seas Conductors and Wires Connect the Continents Luoyang Sanwu Cable Group Co., Ltd. (“Sanwu Group” for short, formerly Luoyang Sanwu Cable Co., Ltd.) was established in 2016 and now has over 600 employees. It is a mixed-ownership group enterprise integrating science, industry, and trade, headquartered in the Guobao Building in Luoyang, with three manufacturing entities and one trading company under its umbrella. Its production site is in the East Park of the Yichuan Advanced Manufacturing Development Zone, covering over 300 mu of land, with workshop space exceeding 150,000 m² and total annual capacity of more than 700 kt. Sanwu Group pursues a diversified development strategy rooted in specialization. Its main products include electrical round aluminum rod series, overhead conductor series, cable series, and deoxidized aluminum products series. These four product lines are mutually reinforcing, forming a solid business ecosystem. Sanwu products are widely used in electric power, transportation, new energy, metallurgy, petrochemicals, national defense, and urban construction. Its domestic clients include over 30 state-owned enterprises, central state-owned enterprises, and publicly listed firms, while its export markets have expanded to 37 countries and regions, 15 of which—including the Philippines, Singapore, Australia, Chile, and Kazakhstan—lie along the Belt and Road route. Sanwu Group’s subsidiaries have successively passed the “three-system” certification. All product series comply with IEC, ASTM, BS, and other international electrotechnical standards and authoritative detection requirements. The group has been recognized as a National High-Tech Enterprise, a Green Factory, a technology-based small and medium-sized enterprise, a provincial-level specialized and sophisticated small and medium-sized enterprise, and a Gazelle Enterprise. Its detection center collaborates deeply with Longmen Laboratory and has been accredited as a provincial engineering technology center and enterprise technology center. The group currently holds 10 inventions, 39 utility model patents, and 12 software copyrights, has contributed to the formulation of national standards, and has received a scientific and technological achievement evaluation report rating as domestically leading. It serves as the honorary chair organization of the Henan Electrical Industry Association and is an industry-academia-research base for Henan University of Science and Technology, Henan Institute of Technology, and Luoyang Institute of Science and Technology. Since 2023, it has been consistently listed among the top 100 enterprises in Luoyang, and in 2025, it was listed among the top 100 enterprises in Henan. Contact Information SMM Conference Contact Chen Bo 183 7089 1981 chenbo@smm.cn

The northern region is a core hub of China's wire and cable industry. Drawing on its industrial heritage, entire industry chain support, and favorable policies from Beijing-Tianjin-Hebei coordinated development, it has established a complete industrial cluster integrating raw material processing, wire and cable production, new material R&D, and intelligent equipment manufacturing. The annual output value of the regional wire and cable industry has surpassed 100 billion yuan, with a solid industrial foundation and broad market potential. will be held on July 23-24, 2026 at the Crowne Plaza Qingdao Jinshui, Shandong . The conference will focus on three major themes: industrial synergy, green intelligence, and globalization. SMM , in partnership with Guangdong Superconducting Cable Co., Ltd. , invites merchants from across the entire industry chain to gather, explore industry opportunities, and promote the quality upgrade of the northern wire and cable industry. Click to attend. We look forward to meeting you at the conference. Guangdong Superconducting Cable Co., Ltd. is located in Zengcheng District, Guangzhou. It is a specialized cable manufacturer integrating R&D, production, and sales, primarily engaged in various conductor, wire, and power cable products. The company relies on advanced automated production equipment, mature and stable manufacturing processes, comprehensive detection instruments and standardized detection procedures, complemented by a modern enterprise management system and a full-process closed-loop quality control system, to achieve full-chain quality control from raw material incoming inspection, production processing to finished product delivery, thereby solidifying the foundation of product quality. The business scope covers: wire and cable manufacturing, non-ferrous metal rolling processing, production and sales of metal materials, metal wire ropes and their products, as well as wholesale and retail of wire and cable, electrical equipment, power distribution switch control devices, hardware products, and building decoration materials—spanning the entire industry chain. This meets procurement needs across multiple fields such as power engineering, construction engineering, industrial and mining support, and dealer supply. The company adheres to the quality policy of "guaranteeing operation standards through strict management, forging product quality through excellent processes, and always centering on customer needs." It upholds the business philosophy of customer first, integrity and pragmatism, continuous improvement, and concerted efforts. Committed to technological iteration and product innovation, it strives to build a modern cable benchmark enterprise with superior quality, innovation-driven, and continuous advancement, consistently providing cost-effective cable products and one-stop supporting solutions to cooperative clients both in and outside China. Contact: Zhang Yaobo 139 2407 0890 SMM Conference Contact Chen Xiaolong 180 1708 9983 chenxiaolong@smm.cn

Guangdong is the core cluster region of China’s wire and cable industry, with a fully developed industry chain, pronounced regional advantages, and influence extending across South China, Hong Kong, Macau, and Southeast Asian markets. Currently, the industry is navigating a landscape of both opportunities and challenges. Outside China, new energy and infrastructure markets are broadening the space to go global, while copper and aluminum raw material fluctuations, homogenous capacity, and low-price involution are squeezing enterprise profits. Digital and intelligent upgrading has emerged as the key to breaking through the impasse. will be held on July 14-15, 2026 at the Wyndham Guangzhou Design Capital, Guangdong . SMM , in partnership with Shanghai Rottweil Electronic-Mechanical Technology Co., Ltd., sincerely invites you to join the conference. Leveraging entire industry chain data and resources in and outside China, the conference will focus on market analysis and outlook, transformation and upgrading, supply-demand matchmaking, and going global empowerment. It aims to help local enterprises improve quality and expand markets, driving high-quality, internationalized development within the regional wire and cable industry. Click to attend. We look forward to meeting you at the conference. Preferred Brand in China's Wire and Cable Industry Enduring Leadership in the Coding and Marking Industry Shanghai Rottweil Electronic-Mechanical Technology Co., Ltd. is a professional company providing high-grade industrial coding equipment and marking identification solutions , integrated with R&D, design, production, and sales . Headquartered in Shanghai, it has one production site in China; five logistics centers in the US, Germany, South Africa, China, and India; and has established branches or distributors in over 30 countries globally, including the US, Germany, South Africa, Russia, Brazil, and India. In China, it has a dedicated team of 200 and 15 offices across key economic centers, enabling it to serve clients in any Chinese city. The Rottweil factory has obtained ISO 9001 quality certification and ISO 14001 environmental management system certification, with products conforming to multiple international safety standards such as CE and RoHS. Its solutions are widely applied across numerous industry sectors, including wire and cable, food and beverage, building materials, pharmaceuticals, daily chemicals, pipes and tubes, electronics, civil explosives, and military industries . To enhance the purchasing experience and after-sales service quality for clients globally, Rottweil adopts an after-sales service system based on "One-on-One Service," "Prompt Response," and "Individual Accountability" . Adhering to the principles of client supremacy, sincerity, and efficiency, it serves every client, establishing Rottweil as a well-recognized brand with high client recognition, loyalty, and satisfaction. Contact Information Ren Jianjun 139 2220 8945 SMM Conference Contact Chen Xiaolong 180 1708 9983 chenxiaolong@smm.cn