[SMM Flash News] ESDM Warns 106 Mining Companies as 90% of 2026 RKAB Quotas Are Approved

The latest research by the US Geological Survey (USGS) indicated that the Appalachian region in the eastern US contains enough lithium to reduce the country's dependence on imports for centuries to come. The study showed that this area, covering Maine, New Hampshire, and the Carolinas, holds approximately 2.3 million mt of previously unnoticed and economically viable lithium ore. This lithium ore is sufficient to meet the demand of 130 million EVs or 1.6 million power grid-scale batteries. Calculated based on the amount of lithium ore imported by the US last year, these reserves could replace 328 years of imports.

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Maintained Low-Level Sideways Movement During the Night Session, and the Spot Market Trading Atmosphere Recovered Notably Compared to the Previous Period]

[SMM Morning Meeting Minutes: Overnight LME Zinc Recorded a Shaven-Head Bearish Candlestick with Daily Candlestick Center Shifting Downward] Overnight LME zinc recorded a shaven-head bearish candlestick, with the daily candlestick center shifting downward and the 5-day moving average forming resistance above. As increased uncertainty over the US-Iran conflict triggered inflation concerns, the US dollar strengthened, non-ferrous metals were overall in the doldrums, and bears