EVE Energy Forecasts Strong YoY Net Profit Growth for First Three Quarters

【Highpower International Forecasts Net Profit Growth for First Three Quarters of 2026】Highpower International released its Q1–Q3 2026 earnings forecast, projecting net profit attributable to shareholders of CNY 233–241 million, up 33%–38% year-on-year, with revenue of CNY 5.153–5.271 billion, up 17%–20% year-on-year. The company attributed the growth to deepened partnerships with major clients in its consumer electronics battery business and expansion into new application scenarios including edge AI and robotics, alongside accelerated order delivery and capacity ramp-up in its energy storage business.

【Glencore Begins Trading on ASX in Secondary Listing Under Ticker GLC】Glencore commenced trading on the Australian Securities Exchange in a secondary listing in the form of CHESS Depositary Interests (CDIs), under the ticker GLC, with each CDI corresponding to one ordinary share; the company’s primary listing remains in London. Glencore operates 16 producing mines and seven metals processing facilities in Australia, employing 16,820 staff and contractors. The stock closed at AUD 11.23 on its first day of trading, below its opening price of AUD 11.44, with over 4 million shares changing hands.

【Electra and Dutch Trader WMC Sign Term Sheet for Ontario Cobalt Refinery Financing and Marketing】Canadian battery materials company Electra Battery Materials and commodity trader WMC Group AG have signed a five-year term sheet under which WMC will provide working capital and commercial support for Electra’s cobalt refinery in Temiskaming Shores, Ontario. Under the arrangement, WMC will finance cobalt feedstock procurement and corresponding battery-grade cobalt sales up to the refinery’s nameplate capacity, serve as the buyer and exclusive marketing agent for the facility’s cobalt sulfate output, and commit to investing in Electra upon execution of definitive agreements. The arrangement supplements Electra’s existing supply agreement with LG Energy Solution. Closing remains subject to completion of due diligence, execution of definitive agreements, and receipt of regulatory and creditor approvals.