**Shanghai Lead Prices Peak Then Decline, Spot Market Shows Strong Wait-and-See Attitude**

[Lead-acid Battery Enterprise Updates] It was reported that Camel Group stated on its investor platform that the company has released a new five-year strategic plan. Centered on the "battery ecosystem" strategy, the plan is expected to drive the coordinated development of four major business segments: lead-acid batteries, low-voltage lithium batteries, battery recycling, and the battery industry chain. Core strategic initiatives include: expanding the automotive low-voltage lead-acid battery business, strengthening the automotive low-voltage lithium battery business, optimizing the battery recycling business, and deepening and broadening the battery industry chain business.

[Lead-acid Battery Enterprise Updates] It was reported that Tianneng Co., Ltd. (688819) was newly granted a utility model patent titled "A Bubble-guiding Sheet for Battery Acid-filling Pot and Battery Acid-filling Pot," with patent application number CN202521044278.9 and an authorization date of May 15, 2026.

[Lead Smelter Updates] Recently, Yuguang Gold and Lead Group stated on an investor platform that the company is actively advancing its pan-semiconductor high-purity metal materials project. It has successfully produced 7N-grade high-purity indium, tellurium, and other products, and has been conducting trial use and business negotiations with multiple downstream clients. The company's development strategy focuses on technological innovation and industry chain extension in the new materials sector, enhancing core competitiveness through independent R&D.