[SMM Titanium Express] LB Group's Jiaozuo Sc-V New Materials Industrial Park Phase I project has commenced production, with annual capacity of 2,500 tonnes of high-purity V₂O₅ and 20,000 m³ of vanadium electrolyte. Total investment is 1.08 billion yuan across three phases. Full completion is expected to generate 1.767 billion yuan in annual revenue. Leveraging its vanadium-titanium magnetite and TiO₂ by-product resources, LB Group is accelerating its vanadium electrolyte value chain.

【SMM Steel】Salzgitter's SZMF launched Project KLASSE to recover strategic metals like vanadium and manganese from steel slag. Combining "cold" processing with direct reduction, the process uses far less energy than conventional methods. Remaining mineral fractions will be used for high-quality construction. The three-year project aims to cut import dependence and turn slag into a sustainable resource.

Markets frequently mistake an industry's sudden breakout for its origin. China's long-duration energy storage (LDES, ≥4 hours) sector did not abruptly emerge in 2026. Following policy incubation (2023-2024) and initial scaling (2025), 2026 marks a definitive inflection point, driven by a validated, closed-loop business model and exponential growth in grid-connected capacity.

1. Procurement Conditions The purchaser of this procurement project, Pangang Vanadium April 2026 Gansu PCI Semi Coke (PGWZMYHHD260327277329), is the Fuel Division of Pangang Group Materials Trading Co., Ltd. The funds for the procurement project were self-raised. The project had met the procurement conditions, and a public single-round negotiation was now conducted. 2. Project Overview and Procurement Scope 2.1 Project Name: Pangang Vanadium April 2026 Gansu PCI Semi Coke 2.2 Alternative Procurement Method in Case of Procurement Failure: Direct procurement 2.3 For the content, scope, and scale of this project procurement, please refer to the attachment "Material List Attachment.pdf" for details. 3. Bidder Qualification Requirements 3.1 Consortium bidding was not allowed in this procurement. 3.2 This procurement required bidders to have the following qualification requirements: (1) Trading business license (2) Manufacturing business license 3.3 This procurement required bidders to meet the following registered capital requirements: Manufacturing registered capital: 5 million yuan and above Trading registered capital: 5 million yuan and above 3.4 This procurement required bidders to have the following performance requirements: Bidders were required to provide similar project performance from January 1, 2023 to the bid submission deadline (copies of contracts must be provided), as well as scanned copies of VAT invoices for the relevant performance. 3.5 This procurement required bidders to have the following capability requirements, financial requirements, and other requirements: Financial requirements: The registered capital of the bidder for this project shall not be less than 5 million yuan, and multiple awards were allowed for this project. The registered capital of bidders that are manufacturing suppliers or trading suppliers shall not be less than 30% of the amount (excluding tax) of the section or bid quantity amount for which they bid; Capability requirements: See the attachment for details (if applicable) Other requirements: (1) Scanned copy of the business license (or duplicate); (2) Scanned copy of the tax registration certificate (or duplicate) (except where the three certificates have been combined into one); (3) Scanned copy of the organization code certificate (or duplicate) (except where the three certificates have been combined into one). (4) New suppliers (those that did not provide a copy of a Pangang contract within the past 6 months under the performance requirements were deemed new suppliers) were required to provide, at the time of bidding, a sample review qualification report issued by Pangang's technical quality department or another state-owned detection entity, valid for three months and dated no earlier than the date of publication of the tender announcement. 3.6 For projects that were legally required to undergo tender, bids submitted by dishonest persons subject to enforcement were invalid. 4. Access to the Procurement Documents 4.1 Any bidder intending to participate was requested to log in to the Angang Intelligent Tender and Bidding Platform at http://bid.ansteel.cn from 13:45 on March 28, 2026 to 13:45 on March 30, 2026 (Beijing time, the same hereinafter) to download the electronic procurement documents. Click to View Tender Details:

SMM Morning Meeting Minutes: On Friday night last week, LME copper opened at $12,871.5/mt. After fluctuating rangebound in early trading, it dipped to $12,805.5/mt, then the center rose to a high of $12,927.5/mt, and finally closed at $12,869/mt, up 0.08%. Trading volume fell by 3,517 lots from the previous trading day to 24,000 lots; open interest increased by 2,377 lots from the previous trading day to 308,000 lots, mainly reflecting bulls adding positions overall. On Friday night last week, the most-traded SHFE copper 2604 contract opened at 100,250 yuan/mt. It bottomed at 100,180 yuan/mt in early trading, then the center rose to a high of 100,820 yuan/mt, and finally closed at 100,250 yuan/mt while fluctuating rangebound, down 0.53%. Trading volume fell by 58,000 lots from the previous trading day to 69,000 lots; open interest increased by 1,229 lots from the previous trading day to 197,000 lots, mainly reflecting bears adding positions overall.

1. Procurement Conditions This procurement project for Pangang Vanadium Graphite Electrodes (UHPφ400) (PGPWZBHGXHD260226269611) was procured by the Materials Business Department of Pangang Group Materials Trading Co., Ltd. The procurement project funds came from self-raised funds. The project has met the procurement conditions and is now open for inquiry and comparison. 2. Project Overview and Procurement Scope 2.1 Project Name: Pangang Vanadium Graphite Electrodes (UHPφ400) 2.2 Transition to Other Procurement Method after Failed Procurement: Transition to Negotiated Procurement 2.3 The procurement content, scope, and scale of this project are detailed in the attachment "Material List Attachment.pdf". 3. Bidder Qualification Requirements 3.1 Consortium bidding is not allowed for this procurement. 3.2 This procurement requires the bidder to possess the following qualification requirements: See attachment for details (if required) 3.3 This procurement requires the bidder to meet the following registered capital requirement: Registered capital for production-type enterprises: 2 million yuan and above 3.4 This procurement requires the bidder to possess the following performance requirements: The bidder must provide performance evidence (scanned copies of invoices) for supplying the same specification graphite electrodes (UHPφ400) from January 1, 2023, until the bid submission deadline. Failure to upload supply performance records for Pangang will be considered as a new supplier. New suppliers will undergo a "supply for trial" period. Only after the steel mill completes usage and the supplier is converted to a normal supplier based on evaluation results can they participate in subsequent tenders and bids. 3.5 This procurement requires the bidder to possess the following capability requirements, financial requirements, and other requirements: Financial Requirements: See attachment for details (if required) Capability Requirements: See attachment for details (if required) Other Requirements: 1. The bidder shall possess legitimate business qualifications, verified as valid through public websites such as Qixinbao, Tianyancha, and Qichacha. 2. From January 1, 2023, until the bid submission deadline, there shall be no records of serious legal violations in business activities (based on the enterprise data analysis from the Intelligent Bidding Platform). 3. To ensure supply security, the minimum bid quantity for the bidder shall not be less than 256 mt. 3.6 For this procurement project, which by law must undergo tender, bids from discredited persons subject to enforcement for dishonesty are invalid. 4. Procurement Document Acquisition 4.1 Interested bidders please log in to the Ansteel Intelligent Bidding Platform at http://bid.ansteel.cn to download the electronic procurement documents from 13:45 on February 27, 2026, to 13:45 on March 6, 2026 (Beijing Time, the same hereinafter). Click to view tender details: