[SMM Flash] MinRes FY26 Attributable Spodumene Concentrate Sales Reach 559,000 Tonnes

【Glencore Announces ASX Secondary Listing Date and Raises Full-Year Marketing Earnings Guidance】Glencore announced that its secondary listing on the Australian Securities Exchange is expected to commence trading on Wednesday, October 14, 2026, under the ticker GLC, in the form of depositary interests with each interest corresponding to one ordinary share. The company also raised its earnings guidance, now expecting full-year 2026 adjusted marketing EBIT to exceed USD 5 billion, up from the approximately USD 4.9 billion indicative range provided alongside its interim results. Glencore additionally reset its long-term through-the-cycle marketing guidance from 2027, widening the range from USD 2.3–3.5 billion to approximately USD 2.8–4.2 billion with a midpoint of approximately USD 3.5 billion, based on readily marketable inventory of USD 32.2 billion and an assumed financing cost of approximately 5%.

[SMM Analysis: Solid-State Battery Next Decade Series, 7 of 9: Global Competitive Landscape—The "Patent Shadow War" and Industrialisation Race Among China, Japan, and South Korea] Is the development of global solid-state batteries measured by patents, determining the endpoint of each country's technological route? Currently, the global competition features China leading in quantity, while Japan and South Korea hold key patent positions. China is pursuing a dual-track approach, with solid-liquid batteries already in mass production and all-solid-state batteries catching up; Japan is doubling down on sulphide, South Korea is targeting dual markets, and Europe and the US are adopting technology imports plus local manufacturing. 2027-2028 is a critical window, with patents, industrialisation speed, and lithium sulphide capacity deciding the outcome.

【Third-Gen Ray-Ban Meta Smart Glasses Launch in India, Audio Model Teased for Market Entry】Meta announced that the third-generation Ray-Ban Meta smart glasses are now on sale in India, starting at INR 44,300, available through its official website, Ray-Ban India's official site, and local consumer electronics and eyewear retailers. The model offers up to 9 hours of battery life per charge — one hour more than its predecessor — along with a 12-megapixel camera supporting 3K ultra-HD video recording and a six-microphone array capable of eliminating over 90% of background noise, with 27 frame and lens combinations available. Meta also teased the upcoming India launch of the camera-free Ray-Ban Meta Audio, which weighs 43g and offers up to 12 hours of battery life per charge with an additional 48 hours via the charging case; pricing and launch date for India were not disclosed.