[SMM Tin News Flash: He Tingbo: The external environment restrictions have set very harsh constraints for us, but they have also given us a purer motivation to work]

SMM learned that a carrier's intelligent computing center in East China is currently offering Huawei Ascend 910-B2 computing power resources for lease at a monthly rent of approximately 15,000 yuan, which is quite price-competitive in the current domestic computing power leasing market. The resources are of the Ascend 910-B2 specification (64GB video memory/full machine), suitable for mainstream large model training and inference workloads. However, SMM understands that the actual clearance of these resources faces certain obstacles: the prospective lessee's existing computing equipment is deployed in its own IDC computer room, and it needs to integrate the newly leased resources with the existing equipment into a unified computing cluster to achieve coordinated scheduling. But the carrier's resources are located in a remote intelligent computing center, and due to constraints such as network latency, cross-room interconnection bandwidth, and operational consistency, the "device travel" solution (i.e., cross-room remote management of computing power resources to incorporate them into the client's own cluster) is difficult to implement, causing the transaction to stall.

SMM learned that a computing power operation enterprise in Guizhou currently has no idle computing power resources available on its platform for scheduling, with its existing GPU servers and domestically produced AI accelerator cards all operating under full load. Recently, as multiple industry large models have entered the fine-tuning and inference deployment stages intensively, computing power demand surged in the short term, causing the platform's computing power resources to be fully strained. It is understood that the enterprise is actively seeking domestically produced computing power resources as a supplement. As a core hub of the "East Data West Computing" project, Guizhou, according to the Guizhou Provincial Big Data Development Administration's publication *Compute to Guizhou | Digital Intelligence Empowers the Building of a Computing Power Hub*, had its total computing power scale surpass 160 EFLOPS in 2025, with the domestically produced intelligent computing share exceeding 98%. However, short-term structural supply-demand mismatch still exists, and the phenomenon of "one card is hard to find" during peak seasons occasionally occurs on some small and medium-sized computing power platforms.

[China Zinc Ingot Sees Slight Destocking, but Price Rise Faces Certain Obstacles] The most-traded SHFE zinc 2608 contract opened at 24,310 yuan/mt. After opening, SHFE zinc moved sideways above the daily average, dipping to 24,285 yuan/mt during the session. Near the close, bears reduced positions, and SHFE zinc consolidated to touch a high of 24,505 yuan/mt. It finally settled up at 24,470 yuan/mt, gaining 70 yuan/mt or 0.29%. Trading volume decreased to 72,207 lots, and open interest decreased by 5,987 lots to 102,000 lots.....