Announcement on the Adjustment of the Presentation of SMM Lithium related Prices

Previously some of the USD prices shown in the China domestic spot prices for lithium on SMM's English website, metal.com, are simply converted by dividing the RMB prices by the exchange rate. To eliminate misunderstandings and confusion, SMM will only retain and display the RMB price in the future. If you wish to use the China domestic spot prices for import and overseas price settlement, please divide these prices by exchange rate and 1.13(VAT). SMM will be making the change on Friday, November 24th. Please contact SMM for any further inquiries. Thank you for your understanding.