UK battery recycling company Altilium has secured funding under the UK government's Battery Innovation Programme to lead the REMADE project alongside Nyobolt, Talga Group and a leading automotive OEM. The project aims to establish a domestic closed-loop supply chain for low-carbon battery anode materials by recycling graphite and niobium tungsten oxide (NWO) from end-of-life batteries and manufacturing scrap. The initiative is expected to support sustainable battery production, strengthen the UK's battery supply chain and reduce reliance on imported critical materials.

Yahua Group said its Zimbabwe-based KMC company is accelerating construction of its lithium sulfate processing project. With a total investment of approximately US$200 million, the project includes a smelter and a sulfuric acid plant, designed to process 350,000 mt of lithium concentrate annually and produce 75,000 mt of lithium sulfate per year. Commercial operation is scheduled for 2027. KMC is also developing a tin-niobium-tantalum separation project to enhance overall mineral resource utilization.

"Tin" Leads the Future: Industrial Transformation and Value Reshaping in a New Cycle Conference Background Currently, the global tin industry is at a historic turning point. Traditional cyclical logic has been completely overturned, and its strategic value is fully highlighted. In 2026, the tin market is exhibiting an unprecedentedly complex pattern and profound transformation: 1. Deep Restructuring of Supply-Demand Pattern, Unprecedented Enhancement of Strategic Attributes. The static reserve-production ratio of global tin ore resources is only 14 years, and its scarcity is becoming increasingly pronounced. The supply side faces "triple pressures": repeated reversals in Myanmar's production resumption process, continually tightening policies in Indonesia, and elevated geopolitical risks in the DRC. Resource constraints have become the new normal. At the same time, the demand structure has undergone a fundamental shift. Tin has become a strategic resource bridging traditional manufacturing and the digital future. 2. Price System Breaks Historical Records, Industry Ecosystem Faces Reshaping. In early 2026, SHFE tin prices broke through 470,000 yuan/mt, hitting a record high. This price breakthrough is not only a manifestation of supply-demand imbalance but also a sign of the reassessment of the tin industry's value. Traditional trade models, risk management systems, and supply chain collaboration approaches all urgently need innovative breakthroughs. 3. Technology-Driven and Green Transition Giving Rise to a New Symbiotic Ecosystem. Digital and intelligent technologies are deeply empowering the tin industry chain. The global green transition requires the tin industry to upgrade toward low-carbon and circular economy development. Recycled tin recovery and green smelting processes have become the path forward. Every link in the industry chain must shift from competition to collaboration and build an open, resilient, and innovative symbiotic system. Against this backdrop, August 19-21, 2026 in Changsha, Hunan held 2026 SMM (16th) Tin Industry Chain Conference will gather global industry elites for in-depth discussions. Ganzhou Qianshun New Materials Co., Ltd. will attend this grand event, discuss industry development trends with industry peers, and jointly push the tin industry to new heights. Click to register now and join the conference, witness and participate in this significant and far-reaching industry event, and create a brilliant new chapter together! Ganzhou Qianshun New Materials Co., Ltd. was established in 2018, primarily engaged in the processing and sales of tungsten-tin associated ores, tantalum-niobium associated ores, and other polymetallic complex ores. Contact Information Huang Shaoxin 13617078696 Huang Shaoming 15270620268 Huang Qili 15297821623 Long press to scan the QR code and register now 2026 SMM (16th) Tin Industry Chain Conference

SMM, June 30: Although market procurement demand remained mediocre, spot prices for Pr-Nd oxide recorded a second consecutive increase, supported by fluctuations in futures, difficulty in finding low-priced cargo in the market, some large manufacturers entering procurement, and a MoM decline of about 6% in Pr-Nd oxide production in June. On the demand side, long-term demand expansion expectations in the new energy industry chain such as robotics, along with the upcoming Q3 downstream concentrated procurement season in China and rising market expectations for subsequent demand recovery, bolstered the rare earth permanent magnet concept to strengthen on June 30, with the concept rising 2.79% by the close on June 30. In terms of individual stocks: Dongfang Zirconium Industry, Sinomine Resource Group, and Zhong Ke San Huan hit the daily limit up, while Hanghua Co., Ltd., Longhua Co., Ltd., Zhongxi Nonferrous, Sinosteel NMC, and Ningbo Yunsheng led the gains. Pr-Nd Oxide Spot Prices See Second Consecutive Increase; June Production Declines MoM In the spot market, on June 30, the average price of Pr-Nd oxide extended its upward trend from the previous trading day, rising another 0.68%. Currently, overall prices in the rare earth market remain stable. The increase in Pr-Nd oxide futures prices drove a simultaneous rise in supplier spot offers, making low-priced oxides hard to find in the market. However, metal enterprises were cautious in procurement due to unsatisfactory inquiries for metals, leading to generally moderate market trading activity. In the metal market, inquiry activity picked up slightly on the afternoon of the 30th, mainly driven by tender procurement from major magnetic material manufacturers, but most magnetic material enterprises remained on the sidelines, resulting in overall poor transactions. In the short term, Pr-Nd product prices may move sideways without significant improvement in downstream demand. On the supply side, further providing price support logic: in terms of production, according to SMM's latest survey, overall rare earth oxide production declined MoM in June, with Pr-Nd oxide seeing the most prominent decrease, shrinking approximately 6% MoM. Institutional Views SDIC Securities emphasized that heavy rare earths are accelerating inventory depletion due to a cliff-like decline in imports from Japan, opening a window for domestic substitution, with prices of dysprosium oxide and terbium oxide rebounding strongly. Materials such as AI high-capacity MLCCs, high-end ceramic substrates, and dental zirconia all require the addition of heavy rare earths. Growing demand combined with hard supply constraints is driving the price centers of both light and heavy rare earths upward together. Meanwhile, inflation trends in AI upstream materials such as MLCC dielectric powder, Low CTE electronic fabrics, M9 copper foil, and tantalum metals are clear, and the medium and long-term outlook is positive for the allocation value of strategic metals like rare earths, tungsten, copper, tin, molybdenum, antimony, germanium, gallium, tantalum, niobium, uranium, rhenium, and lithium. A research report from China Securities stated that domestic dental zirconia enterprises have confirmed "receipt of a notice from Japan's Tosoh Corporation regarding the suspension of zirconia powder supply," marking a shift in raw material shortages from expectations to reality following overseas rare earth supply restrictions. Yttria-stabilized nano zirconia (YSZ) is a high-performance ceramic material with yttrium oxide added as an additive. Due to restricted rare earth supply outside China, the price spread between Chinese and overseas markets has reached hundreds of times at its peak. The domestic price spread for yttrium oxide between Chinese and overseas markets is huge. Rare earths are indispensable additives for high-end materials and high-end manufacturing. As overseas rare earth supply tightens and the price spread between Chinese and overseas markets widens, domestic high-end materials containing rare earths are expected to gain a larger share of the global market, benefiting the upstream, midstream, and downstream segments of the rare earth industry chain. Recommended reading:

Xinjinlu Group announced in June a planned investment of RMB 496 million to implement integrated mining, dressing, and metallurgical upgrades at its Guangxi Limu Mining subsidiary. The project includes upgrading mining operations to 600,000 tons/year, constructing a 1.5 million tons/year dressing line, building a tantalum-niobium hydrometallurgical workshop, and recovering associated metals like rubidium from tailings. Upon completion, it will form a complete industrial chain for tantalum, niobium, tin, and tungsten, yielding approximately 840 tons of tantalum oxide and 867 tons of niobium oxide annually.

[SMM Tantalum Flash] Ningxia Orient Tantalum Industry disclosed the progress of its private placement projects in June. Installation and commissioning are underway for pyrometallurgical smelting and high-end product lines, while construction of the hydrometallurgical digital plant is accelerating. Concurrently, the smart production line for niobium superconducting cavities is advancing on schedule, with full operational status targeted for June 30. Strategically, the firm will invest RMB 100 million to establish a wholly-owned subsidiary, Ningxia CNMC Key Metal Materials Co., Ltd., dedicated to hydrometallurgical operations to bolster self-sufficiency in upstream raw materials.

[SMM Titanium Flash] Western Metal Materials announced on June 15 that its niobium alloy capacity has surged 80% to 90 tonnes per annum following the successful qualification of NASA and SpaceX standards. As a principal supplier to China's commercial launch sector, the firm's order book is fully booked through Q3 2027. Concurrently, the Phase II expansion—adding 4,000 tonnes of advanced titanium alloy ingot capacity—is slated for an August commissioning. This will elevate total output to 12,000 tonnes, effectively doubling the company's supply capability for defense and aerospace titanium applications.

[SMM Titanium Flash] Baoji Yesheng Titanium Industry's "Advanced Preparation Process Production Line for High-Performance Titanium, Hafnium, Niobium, and Tantalum Metal Materials" entered the public notice phase for EIA approval on June 12. The greenfield project involves a total investment of RMB 36 million and will procure key equipment, including vacuum consumable arc furnaces and electron beam melting furnaces. Upon commissioning, the facility will achieve an annual production capacity of 4,000 tons of titanium, hafnium, niobium, and tantalum ingots, along with 158.3 tons of titanium machined parts, further optimizing the high-end refractory metals processing landscape.

Backed by mining magnate Gina Rinehart, rare earth and niobium company St George Mining, with a market capitalisation of A$435 million, has launched a new funding round to advance drilling and exploration at its core projects in Brazil. The placement issues new shares to institutional investors at A$0.10 per share, a 9.1% discount to the previous trading day’s closing price. Joint lead managers Canaccord Genuity and Jett Capital Advisers are soliciting bids from Asia-Pacific investors, with the offer closing at 7 p.m. Monday. The placement has a base raising target of A$50 million, with the underwriters reserving A$10 million in oversubscription capacity; the raising is not underwritten. Funds will be used for development and exploration at the company’s Araxa project in Minas Gerais, Brazil, which the company describes as the second-highest-grade rare earth deposit in the Western world.

Aldoro Resources reported that hydrometallurgical testing of the Kameelburg niobium and rare earth deposit in Namibia yielded encouraging results, with a simple process but relatively high recoveries of rare earths and strontium, while drilling also intersected high-grade niobium ore. Tests commissioned by the company and conducted by ALS Metallurgy Services in Western Australia showed that Kameelburg can be treated using a direct acid leaching method, eliminating the need for flotation or magnetic separation processes used at MP Materials' Mountain Pass operation in the US and Lynas Rare Earth's Mt Weld rare earth mine in Western Australia. The hydrochloric acid leaching process can be carried out at ambient temperature and pressure, and if scaled up, is expected to significantly reduce development costs.