The 2026 SMM (3rd) Global Renewable Metal Industry Chain Summit & Battery Recycling Forum will be held in Tokyo, Japan, from May 11–12, 2026. The summit aims to bring together leading global enterprises, research institutions, industry experts, and policymakers in the fields of renewable metals and battery recycling.

March 13 (Reuters) - Gold was on track for a second straight weekly loss, even as it edged higher on Friday, as surging oil prices dampened rate cut bets and caused investors to cover margin calls, while a rising dollar and U.S. yields also pressured prices.

We all know the relationship between Gold and US Dollars in the financial markets. When the USD rises, gold tends to fall and vice versa. It sounds simple to you, right? But understanding why this happens, and how to actually trade it like a pro trader, takes more than knowing that the pattern exists.

Recently, CIMC Enric and PT SAMATOR Group , Indonesia’s largest industrial gas and energy services provider, officially signed a strategic cooperation framework agreement in Jakarta. Leveraging their respective strengths, the two parties reached a long-term partnership to jointly promote the optimization of the energy structure in Indonesia and Southeast Asia, as well as green and sustainable development. PT SAMATOR Group is a leading industrial gas enterprise in Indonesia, with business spanning multiple sectors including healthcare, oil and gas, and metallurgy, and with a well-established local market network and operating resources. According to the agreement, the two parties will focus on in-depth cooperation in five major areas: the entire industry chain of industrial gases, natural gas storage and transportation equipment, EPC for energy projects, digital after-sales services, and new business development. CIMC Enric will leverage its strengths in the design, manufacturing, and system integration of energy equipment, together with the other party’s local resources, to jointly advance the implementation of clean energy projects such as industrial gases, hydrogen storage and transportation, and new energy, thereby supporting Indonesia’s energy transition and industrial upgrading. Ju Xiaofeng, Vice President of CIMC Enric, and Rachmat Harsono, Chief Executive Officer of PT SAMATOR Group, signed the agreement on behalf of their respective parties. Ju Xiaofeng said that this cooperation was the result of resource synergy and demonstrated the company’s determination to deepen its presence in the Indonesian market; Rachmat Harsono said that the cooperation would help further strengthen the Group’s local business and expand the space for both parties in markets outside China.

Among precious and rare metals, osmium is a niche yet irreplaceable material, overshadowed by gold, silver, platinum and palladium but critical for high-end industry and scientific research thanks to its unique physical and chemical properties. This report breaks down osmium’s core attributes, supply, applications and market traits to unveil the “densest natural metal”. I. Basic Profile: A Distinct Platinum Group Metal Osmium (Os, atomic number 76) is a Group Ⅷ transition metal and part of the platinum group metals (PGMs), extremely scarce in nature. It has no independent deposits, only extracted and purified via platinum ore smelting alongside platinum, iridium, ruthenium, rhodium and palladium, ruling out large-scale standalone mining. Its standout properties: unmatched density (22.59g/cm³ at 20℃, higher than gold and platinum), exceptional heat resistance (melting point 3033℃, boiling point over 5000℃), and high hardness & corrosion resistance (Mohs hardness 7). It is highly brittle with poor plasticity, mostly used in powder or alloy forms. Key Safety Warning: Osmium oxidizes to toxic, volatile osmium tetroxide (OsO₄) when heated above 100℃ in air. Full-process operations (smelting, storage, transport, processing) require inert gas protection, raising production and application thresholds. II. Supply Landscape: Extreme Scarcity & Monopolized Output Osmium is far rarer than gold and platinum, with a crustal abundance of just 0.001ppm, one of the lowest stable elements globally. Proven recoverable reserves are extremely limited and highly concentrated. Global output hinges entirely on platinum mining and smelting, staying at a tiny scale: annual global production is roughly 1 ton (data from International Platinum Group Metals Association), while China’s annual output is less than 100kg. South Africa and Russia dominate global osmium resources and smelting capacity, forming a highly monopolized, inelastic supply market. Tight supply-demand balance persists, supporting strong price resilience and volatility. III. Core Applications: High-End & Irreplaceable Scenarios Despite low production and narrow application scope, osmium is a rigid material for high-precision sectors with no low-cost substitutes, focusing on four key fields: Special Hard Alloys: Osmium-based alloys excel in hardness, wear and corrosion resistance, used for high-precision bearings (luxury watches, instruments), premium pen nibs, medical scalpels and high-end mechanical wear parts. Industrial Catalysis: Osmium and its compounds act as high-efficiency catalysts for fine chemical and organic synthesis (hydrogenation, oxidation), boosting process efficiency and product purity with stable low-volume demand. Scientific Research: Toxic osmium tetroxide is an irreplaceable stain for electron microscopy samples in materials and life sciences; high-purity osmium powder serves as a specialty lab consumable. Aerospace & Military: Leveraging high density and thermal stability, osmium is used for specialty high-temperature components, precision guidance parts and high-end electrical contacts, with high added value and growing demand amid industrial upgrading. IV. Core Market Traits Osmium is a niche PGM marked by extreme resource scarcity, monopolized inelastic supply, rigid high-end demand and total irreplaceability. Unlike bulk commodities, its market is driven by supply shifts, high-end industrial demand and compliance costs, with a small scale and low trading frequency, remaining a critical material for high-end industry and scientific research.

In the fields of precious and rare metals, compared with well-known categories such as gold, silver, and platinum-group metals, osmium has always remained a niche yet highly distinctive presence. With its unmatched physicochemical properties, it has become an indispensable key material in high-end industry and scientific research. Even though it receives limited market attention, it still possesses irreplaceable value. This article will provide a comprehensive breakdown of osmium metal, covering its basic properties, resource supply, application scenarios, and market characteristics, to offer a full understanding of this “king of density.” I. First Encounter with Osmium: A Hardcore Outlier Among the Platinum-Group Metals Osmium, with the chemical symbol Os and atomic number 76, belongs to the platinum-group metals. It is a Group VIII transition metal on the periodic table and also one of the rarest metals found in nature. As one of the six major members of the platinum-group metal family, osmium has no independent ore deposits and is commonly associated with platinum, iridium, ruthenium, rhodium, and palladium. It can only be recovered through purification during platinum ore smelting and cannot be extracted through standalone large-scale mining. This inherent characteristic directly defines its scarcity. Osmium’s physicochemical properties are truly unique in the world of metals, with highly recognizable core characteristics: first, it has the highest density in the world. Under standard conditions at 20°C, its density reaches 22.59 g/cm³, far exceeding that of gold (19.32 g/cm³) and platinum (21.45 g/cm³). It is currently the densest naturally occurring metal known, and at the same volume, it weighs far more than various conventional precious metals. Second, it demonstrates excellent high-temperature resistance, with a melting point of 3,033°C and a boiling point exceeding 5,000°C. It remains highly stable in high-temperature environments and can adapt to various industrial and scientific applications under extreme heat. Third, it has outstanding hardness and strong corrosion resistance. With a Mohs hardness of 7, it is hard, durable, and wear-resistant, and is difficult to corrode under conventional acidic or alkaline conditions. However, its drawbacks are also quite evident: it is highly brittle and has extremely poor plasticity, making it impossible to process through conventional mechanical methods, so it is mostly used in powder or alloy form. A key safety precaution must be emphasized here: when osmium metal is heated in air to above 100°C, it slowly oxidizes to form osmium tetroxide (OsO₄). This substance is highly irritating, highly volatile, and somewhat toxic. Therefore, the entire process involving osmium, including production smelting, storage and transportation, and deep processing, must be carried out under the protection of inert gas and in strict compliance with operational standards. These exceptionally high compliance and control requirements further raise the barriers to osmium’s production and application. II. Extreme Scarcity: Osmium’s Resource Endowment and Supply Landscape Osmium is far rarer than commonly recognized precious metals such as gold and platinum, and it can be regarded as a “niche treasure” in the precious metals sector. Relevant data show that the average abundance of osmium in the Earth’s crust is only about 0.001 ppm, making it one of the least abundant stable elements in the crust. Globally, identified recoverable reserves are extremely limited, and resource distribution is highly concentrated, without the formation of widely distributed ore deposits. Supply side, the scarcity of osmium is even more pronounced. As there are no standalone mines, global osmium production is entirely dependent on platinum ore mining and smelting, with capacity remaining at an extremely low level year-round. Global annual production is about 1 mt (data from the International Platinum Group Metals Association), while China’s annual production is less than 100 kg, with supply far below that of other platinum group metals. From the global supply landscape, traditional major platinum group metal-producing countries such as South Africa and Russia control the vast majority of the world’s osmium resources and smelting capacity. Industry supply shows a highly monopolized pattern, with extremely low supply elasticity. Minor changes in mining progress, geopolitical conditions, environmental protection-related controls policies, and platinum group metal smelting capacity all directly affect global osmium supply. This dual characteristic of “inherent resource scarcity + constrained supply” has kept the osmium market in a long-term tight supply-demand balance and has also given it strong price resilience and fluctuation elasticity, securing a unique position in the rare metals market. 3. Exclusive to High-End, Cutting-Edge Applications: Core Application Scenarios of Osmium Although osmium has limited production and a relatively narrow range of applications, its exceptional physical and chemical properties have enabled it to take root precisely in high-end niche fields, making it an irreplaceable core material in many advanced applications. Downstream demand is concentrated and highly rigid, with no low-cost substitutes currently available. Its core applications are mainly concentrated in four major fields: 1. Special Hard Alloys: Core Raw Material for High-End Wear-Resistant Components Osmium-based alloys made by melting osmium with metals such as iridium and platinum combine ultra-high hardness, wear resistance, and corrosion resistance, making them key core materials for high-end precision instruments. These alloys are widely used in high-precision bearings for high-end watches and precision instruments, premium fountain pen nibs, professional turntable styluses, medical precision scalpels, and high-end wear-resistant mechanical components. They can significantly improve component service life and durability, making them suitable for long-term, high-load, high-wear operating environments, and they are core wear-resistant materials in the high-end manufacturing sector. 2. Industrial Catalysis: Dedicated High-Efficiency Additive for Fine Chemicals Osmium and its compounds have excellent catalytic activity and serve as dedicated catalysts in certain fine chemical and organic synthesis reactions. Especially in special chemical processes such as hydrogenation and oxidation reactions, they offer high catalytic efficiency and strong reaction selectivity, effectively optimizing process flows and improving product purity and yield. Although the unit consumption of osmium catalysts is extremely low, they are rigid process necessities and are difficult to replace with other common metal catalysts, resulting in relatively strong downstream demand stability. 3. Scientific Research and Detection: Essential Specialty Consumable for Laboratories Although osmium tetroxide is toxic, it has irreplaceable value in scientific research. It is a high-quality staining agent for biological samples and microscopic material sections under electron microscopes, significantly enhancing the clarity and contrast of observed samples, and is an indispensable experimental reagent in frontier research fields such as materials science and life sciences. Meanwhile, high-purity osmium powder was also widely used in high-end scientific research experiments and the R&D of specialized new materials, serving as a niche but essential consumable for major research institutes and high-end laboratories. 4. High-End Specialized Fields: Core Components for Military and Aerospace Applications Leveraging its core advantages of high density, high-temperature resistance, and high stability, osmium was also applied in specialized high-temperature components for aerospace and military applications, precision guidance components, as well as niche scenarios such as high-end electrical contacts and wear-resistant coatings. These applications were all concentrated in cutting-edge, high-precision sectors. Although the volume of each individual application was small, the product value-added was extremely high. Moreover, with the technological iteration and development of high-end manufacturing and the military and aerospace industries, related demand had the potential for steady growth. IV. Summary of the Core Characteristics of the Osmium Metal Market Overall, as a rare category among platinum group metals, osmium had highly distinctive core characteristics: extreme scarcity on the resource side, highly monopolized supply with insufficient elasticity; application-side concentration in high-precision, cutting-edge fields, with rigid and irreplaceable demand; and unique physicochemical properties, combining both advantages and application barriers. Unlike the market-driven fluctuation logic of conventional bulk commodities, the osmium market was significantly affected by factors such as supply-side changes, downstream demand from high-end industries, and compliance costs. The overall market size was small, and trading frequency was relatively low, placing it in the category of niche rare precious metals. Its core value always revolved around the two key points of “scarcity” and “irreplaceability,” making it an indispensable key metal material in high-end industrial and scientific research fields.

This article explains the 2026 revision of Vietnam's Mineral Law, including adjustments to mineral classification, optimization of mining permit rules, and enhancements to mineral control. These changes may have a significant impact on mining enterprises, particularly those involved in metallic mining activities in Vietnam, possibly affecting areas such as business operations, policy and tax compliance, upstream mining, and open new opportunities in mineral recycling business.

On March 13, the average price of SMM battery-grade nickel sulphate rose slightly.

Mar 2026 , Hong Kong’s shipping industry reached a pivotal moment in its green transition: Sinopec CNOOC Fuel Supply, a subsidiary of COSCO SHIPPING Group, together with Sinopec Hong Kong and CMG RoRo, successfully completed Hong Kong’s first green methanol bunkering operation , while also setting a national first record for green methanol bunkering at anchorage , marking Hong Kong’s official entry into a new stage of bunkering green alternative marine fuels. The operation was carried out throughout by the “Daqing 268” vessel , independently operated by Sinopec CNOOC Fuel Supply. The vessel was China’s first methanol dual-fuel powered bunkering ship for both oil products and chemicals, featuring advanced technical performance and independently controllable core equipment. Its propulsion system achieved 100% localisation and adopted a dual-fuel drive mode using methanol and conventional fuels. The vessel is 109.9 meters in length, has a deadweight of 7,500 mt, and a total tank capacity of 10,362 m³. It can transport and bunker multiple clean energy products, including methanol, biodiesel, and fuel oil, meeting the needs of multiple batches and multiple bunkering standards. It is also legally qualified to operate on Hong Kong and Macao routes, making it a critical link in green shipping services connecting the Guangdong-Hong Kong-Macao Greater Bay Area. The successful completion of the first bunkering operation through the coordination of multiple central state-owned enterprises fully demonstrated their collaborative strength in the field of green shipping. It not only aligned with the Hong Kong SAR Government’s green shipping plans, but also laid a solid foundation for the future normalised development of green methanol bunkering business between mainland China and Hong Kong and Macao.

Entering the Emergency Command and Production Monitoring Center at the headquarters of Shaanxi Nonferrous Metals Group, one saw data converging like streams on a giant LCD screen: robotic arms in the titanium processing workshop were moving with precision, and the current parameters of the aluminum electrolysis cells were fluctuating in real time... The production and operational status of more than a dozen subsidiaries, spanning hundreds of kilometers, was condensed into a limited space and transformed into vivid strings of numbers. “In the past, dispatching relied on phone calls, inspections relied on walking, and emergency response took at least two hours; now, with a click of the mouse, real-time conditions at the site are instantly displayed. We no longer depend on verbal descriptions from personnel, the scenarios are more realistic, command is more precise, and contingency plans can be activated within minutes.” The words of the person in charge of the Enterprise Management and Operations Information Department of Shaanxi Nonferrous Metals Group conveyed a sense of composure and confidence. That composure stemmed from a profound digital transformation. In 2025, Shaanxi Nonferrous Metals Group fully launched its “Year for Enhancing Digitalized Management and Control,” placing information technology development at the core of efforts to drive high-quality transformation and upgrading. Over the past year, with the overall objective of “vertical integration, horizontal connectivity, real-time online operations, coordinated action across all levels, and precise, effective execution,” Shaanxi Nonferrous Metals Group systematically advanced work across multiple dimensions, including business process reengineering, information system integration, and unified data standards, gradually building a digital system covering all areas of business operation and management, and injecting strong momentum into the enterprise’s modern governance and industrial upgrading. Top-Level Planning Seeing One Blueprint Through to the End In 2025, the information technology work of Shaanxi Nonferrous Metals Group closely focused on the annual goal of “initial visible results” in high-quality transformation and upgrading, serving the development of a modern industrial system and governance system. By building a management and control business system featuring “vertical integration and horizontal connectivity,” it established three major implementation paths: first, comprehensively reviewing and redesigning business processes to achieve standardized management; second, joining forces with leading technology companies in the industry to build a vertically integrated management and control system spanning all levels of the group; and third, unifying the standards and coding for eight categories of master data, including organization, personnel, materials, and accounting subjects, breaking through horizontal business barriers and focusing on in-depth digital development in key business areas such as investment, procurement, safety, finance, human resources, and Party building. To ensure effective implementation, Shaanxi Nonferrous Metals Group innovatively established a promotion mechanism featuring “three meetings, three lists, and three services.” It strengthened overall planning and coordination through the monthly meeting of the information technology leadership group, special project meetings, and work promotion meetings; relied on demand, project, and progress lists to achieve refined and period-based management; and ensured the solid implementation and sustained operation of information technology projects through full-cycle services covering consulting, development, and operations and maintenance. Building on Systems Constructing a Solid “Digital Tower” Shaanxi Nonferrous Metals Group used a major push in digital and intelligent transformation and upgrading to strengthen the foundation of its industrial reform and transformation, focusing on building a “big digital intelligence” empowerment system and using new models, new business forms, and new tools to amplify reform results. Consolidate the digital foundation. Strengthen digital infrastructure development across all industry chain clusters and all affiliated enterprises, accelerate the enhancement of data collection, processing, management, and application capabilities across the entire industry chain of “exploration, research, construction; mining, beneficiation, smelting; materials, equipment, trade,” and build a solid foundation for digital transformation. Focus on building a robust and reliable digital foundation and establish the overall “5 Ones + N” information architecture: “one foundation,” the Shaanxi Nonferrous enterprise cloud platform and a high-speed broadband network covering the Group’s information applications; “one platform,” a digital empowerment platform; “one portal,” the Group’s unified portal (external portal + internal portal); “one safeguard,” an information security and operations and maintenance support system; “one standard,” a standards and specifications system; and “N applications,” N business application systems covering the three levels of strategic decision-making, business management, and production operations. Improve data connectivity. Build a network interconnection environment and data flow mechanism covering all affiliated enterprises, accelerate information interconnection and computing power support, break down “data silos” across different links such as R&D, production, management, and marketing, and improve the level of internal business data integration and collaboration across the entire system. Through five major measures, including strict implementation of the “top leader accountability system,” the use of domestically developed and controllable products for basic software and hardware, PTN dedicated lines plus zero-trust technology to provide data exchange channels, the implementation of classified cybersecurity protection assessments for important information systems, and regular attack-and-defense drills, Shaanxi Nonferrous Metals Group built a multi-dimensional cybersecurity defense line to firmly safeguard the enterprise’s digital assets. At the same time, guided by the core objectives of “unified standards, unified platform, unified interfaces, and unified operations and maintenance,” supported by three major systems—the master data standards system, master data management system, and master data integration system—and carried by one intelligent master data management platform, it established a “1+3+1” data resource management system to achieve the aggregation, governance, and value mining of dispersed data. Strengthen intelligent integration. Focus on all links of “exploration, design, mining, ore dressing, smelting, processing, and trade,” vigorously advance the development of digital and intelligent demonstration scenarios, and build demonstration projects for advanced green digital and intelligent technologies. Centered on the entire value chain, all asset elements, and the full life cycle, make every effort to build an intelligent collaboration platform to support high-end upgrading, underpin green development, ensure production safety, and achieve efficient operations. Breakthroughs on Multiple Fronts Key Projects Demonstrate Digital Results The implementation of a series of key projects has become vivid testimony to the transformation and upgrading of Shaanxi Nonferrous Metals Group. Party-building informatization turned “soft tasks” into “hard indicators.” In response to the characteristics of primary-level Party organizations being “numerous in points, extended in lines, and broad in coverage,” the “Nonferrous Pioneer” Party-building informatization platform launched in 2025 integrated big data and artificial intelligence technologies to build a management matrix covering 6 major modules, 35 core businesses, and 80 detailed items, moving Party-building work from “paper” to “online.”Since the platform began operation, the efficiency of Party affairs processing has increased by 80, the incidence of overdue tasks has fallen by more than 50, the error rate in manual reporting has decreased by 80, and work traceability has achieved 100 digital coverage. By transforming Party-building assessment indicators into value-output dimensions such as strategic enforcement and risk prevention and control capability, a closed-loop mechanism of “push-execute-supervise-feedback” has been established, enabling deep integration between Party-building work and production and operations, with visible data and tangible results. Human Resources Informatization, Unlocking the Potential of the “Primary Resource.” Human resources informatization has entered a new stage of process-based and collaborative management, realizing full-process online and standardized management across organization management, personnel management, compensation and benefits, and performance management. It has not only addressed the problems of low efficiency and long processing times for procedures such as onboarding, confirmation of employment, job transfer, and resignation, but also resolved pain points such as non-standard approvals, inconsistent policy enforcement, and error-prone data verification. The effectiveness of operations management, compliance management, and data management has been improved in parallel, making human resources a true core driver of enterprise development. Financial Informatization, Building a Strong “Embankment” for Risk Prevention and Control. By implementing a decentralized, penetrative, group-wide financial control model, Shaanxi Nonferrous Metals Group established a three-in-one risk prevention system covering “operational risk-business risk-financial risk,” achieving end-to-end penetrative management “from business to statements, and from statements to funds,” and providing intelligent decision-making support throughout the full cycle of “post-event review-in-process optimization-pre-event predictive simulation.” The finance-supply chain integration project launched in January 2026 will further connect key links such as procurement, accounting, and capital, providing real-time and accurate data support for decision-making. Safety and Environmental Protection Informatization, Building a “Dual Line of Defense” Through Whole-Chain Intelligent Control. Taking the development of safety and environmental protection informatization as a starting point, Shaanxi Nonferrous Metals Group continuously deepened its intelligent monitoring and early warning capabilities and accelerated the construction of a whole-chain, visualized intelligent safety and environmental protection control system, thereby reinforcing the safety foundation for high-quality transformation and upgrading. Deepening intelligent monitoring to improve the precision of early warning. After the Group’s dual-prevention informatization platform went online, it established three-dimensional data coordinate models for major hazard sources such as mines, tailings ponds, and hazardous chemicals, accurately mapped key risk monitoring points onto the models, and visually presented hidden disaster-causing factors, thereby enabling intelligent risk analysis, assessment, and early warning. At the same time, it comprehensively promoted an informatized management platform for hazard identification and rectification, achieving full-process closed-loop management of issues and hazards from discovery and rectification to closure through real-time entry, dynamic updating, and whole-process tracking, and strictly preventing “omitted hazards and delayed rectification.” Strengthening process control to reinforce the on-site safety line of defense. Tianhong Ruike, through linkage with the digital dual-prevention system, achieved precise positioning of workers, real-time risk monitoring, and intelligent early warning, building a visualized safety assurance system deeply integrating “human-based prevention + technology-based prevention,” and driving on-site safety management from “passive response” to “proactive prevention.”Empowering outsourced operations oversight to achieve penetrative management. Relying on its safety and environmental protection information management and control platform and the Safety Assistant app, the Smelting Branch of Jinduicheng Molybdenum Group has established a model of “full-process online supervision + dynamic data empowerment” for contractors, enabling real-time tracking and closed-loop management across multiple links, and advancing outsourced operations oversight from “blurred control” to “precise penetration,” with both the penetrative strength and timeliness of supervision improved in tandem. In addition, a number of key projects, including the private cloud platform, the group-wide backbone network, and the electronic tendering and procurement platform, were completed and put into operation one after another, playing an important role in improving resource utilization rates, ensuring safety and compliance, and strengthening risk prevention and control. The outline of “Digital Nonferrous” is becoming increasingly clear. Intelligence Ushers In the Future Embarking on a New Journey Toward “AI+” Looking ahead to the 15th Five-Year Plan period, Shaanxi Nonferrous Metals Group’s information technology development will deepen the transformation toward “penetrative” management, use the “AI+” initiative as a key driver, and promote the intelligent upgrading of the traditional “mining, beneficiation, smelting, and processing” industries. Adhering to the approach of “building benchmarks, focusing on exemplars, and leading through demonstration,” the group will advance, in a coordinated and step-by-step manner, the full-chain work of “construction, trial operation, and acceptance” for more than 20 information technology projects currently under implementation. It will create typical application scenarios in fields such as mine exploration, mining and beneficiation, metal smelting, processing and manufacturing, and design and construction, so as to drive quality improvement and efficiency gains across the entire industrial chain from key points to the broader whole, and inject new vitality into traditional industries. Starting from applications in production scenarios, it will also build foundational computing power platforms in parallel, and gradually establish a working path for the fine-tuning and deployment of industry-specific large models. Ultimately, it will realize a shift from “experience-driven” to “data- and AI-driven,” move from single-point breakthroughs to system-wide empowerment, advance the intelligent upgrading of industry, and comprehensively enhance enterprises’ core competitiveness in such areas as resource security, production efficiency, cost control, green development, and decision-making capability. The surging tide spurs us forward, and the wind is just right for setting sail. Shaanxi Nonferrous Metals Group will take information technology and intelligent technology as its oars, lead with innovation, strive for excellence through solid work, ride the waves on the voyage toward high-quality transformation and upgrading and tangible improvement in quality and performance, and press ahead at full speed toward the goal of building a world-class enterprise.