“War, Oil & Gold Shock: The World Trembles Again as the Middle East War Erupts and the Global Economy Enters the Stagflation Era – Analysis by SO OK TRADING”

“The New Era of Metal Recycling — Aluminum & Copper Driving the Circular Economy in Thailand and Worldwide” SO OK TRADING | August 27, 2026 As the world accelerates toward Net Zero and embraces the Circular Economy, the metal recycling industry—particularly aluminum and copper—has become a cornerstone of the transition to a truly green future, both globally and in Thailand. With aluminum recycling saving up to 95% of energy compared to new production, and the adoption of Closed Loop Recycling systems enabling materials to be reused endlessly, the world is witnessing a major revolution in metal recycling. This transformation not only reduces carbon emissions but also generates immense economic value. Thailand is keeping pace with global leaders. The government and private sector have jointly launched the Aluminium Loop model, aiming for 100% recycling of aluminum cans. Meanwhile, the growth of the E-Waste industry (2026–2032) is set to drive the country’s green economy to new heights. In this article, SO OK TRADING explores: Global and Thai market trends showing continuous growth Key drivers including EVs, AI Data Centers, and carbon regulations Innovations in recycling such as AI Sorting and Closed-Loop Supply Chains Challenges and opportunities that Thai businesses must closely monitor

Copper prices are expected to remain elevated and bullish in 2026, driven by strong demand from the green energy transition (EVs, renewables, grid upgrades) and persistent mine supply constraints/disruptions, with forecasts generally placing prices in the $10,000 to over $12,000 per tonne range, although some analysts foresee a slight cooling to $10,000-$11,000 as market balances tighten. Key factors include IRA spending, AI infrastructure needs, constrained new mine supply, and potential Chinese economic recovery, creating tight markets despite some projected minor surpluses. Key Price Predictions (2026): Goldman Sachs: $10,000 - $11,000/tonne range, averaging $10,710/tonne in H1 2026. J.P. Morgan: Averaging around $12,075/tonne, with potential spikes to $12,500/tonne in Q2. Bank of America: Average of $11,313/tonne, with potential for $15,000/tonne spikes. UBS: $11,000/tonne by Sept 2026. World Bank: Average of $9,800/tonne. Bullish Drivers: Energy Transition: Massive demand for grid expansion, EVs, and renewable infrastructure. AI Infrastructure: Increased demand for data centers. Supply Deficit: Mine disruptions (Grasberg, Kamoa-Kakula, etc.) and difficulty bringing new mines online. China: Potential economic rebound acting as a catalyst. Potential Headwinds/Volatility: Policy-induced Surpluses: E.g., from IRA incentives or scrap availability. Stronger USD: Can weigh on commodity prices. Slower Demand: If China's recovery falters. Overall Outlook: Expect a tight market with strong underlying demand, leading to high prices, but with significant volatility due to policy shifts and mine output fluctuations. The market is moving towards a structural deficit, supporting higher prices long-term

ALUMINUM MARKET UPDATE – April 21, 2026 ADC12 & A6063: The Premium and Scarce Metals Driving Global Industry The aluminum market is entering a turbulent phase. Prices are soaring, supply is tightening, and premiums have reached record highs. With the Middle East supply shock cutting global output by nearly 9%, and LME prices surging to $3,500–$3,626/ton, ADC12 and A6063 have become the most critical — and costly — materials shaping automotive, EV, and construction sectors worldwide. ADC12 powers die-cast components for vehicles and electronics, while A6063 defines the future of low-carbon architecture and EV frames. Both alloys now stand at the center of global manufacturing, reflecting the new reality: scarcity, volatility, and opportunity.