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SO OK TRADING INSIGHT | 12 OCTOBER 2026

Lead Bullion and Lead Ingot are two forms of lead metal that play a vital role in global industries, spanning from upstream production to downstream applications in energy and battery manufacturing. Lead Bullion is the raw material obtained through smelting ores or recycled scrap, while Lead Ingot is the refined product with high purity or controlled alloy composition. Lead ingots are indispensable in precision-demanding industries such as lead-acid batteries, radiation shielding, and backup power systems. In today’s transition toward clean energy and electric vehicles (EVs), lead remains a strategic metal that drives the circular economy. Lead-acid batteries represent one of the most successful recycling models worldwide, achieving nearly 100% recovery and reuse, thereby reducing mining activities and minimizing environmental impact. SO OK TRADING is committed to being your trusted business partner, delivering high-quality lead products — both Lead Bullion and Lead Ingots — to meet the evolving demands of modern energy industries. Guided by the principle FAST • SHARP • RELIABLE, we ensure speed, precision, and reliability in every partnership.

Zinc Ingot: Panorama of the New Era Metal Industry SO OK TRADING | October 12, 2026 In today’s industrial society, Zinc Ingot is no longer just a basic metal. It has evolved into a strategic metal driving clean technology and the green economy

Middle East in Turmoil: Prolonged Stalemate Shakes Global & Thai Economies SO OK TRADING | 11 October 2026 The Middle East crisis is reaching a new boiling point — from military clashes in Yemen and Saudi Arabia, to the maritime disruption in the Strait of Hormuz, and the tense standoff between the United States and Iran. Together, these events reflect a “Prolonged Stalemate of Attrition” where no side gains decisive ground, yet the shockwaves reverberate across the global economy. Oil prices have surged past $104 per barrel, global trade routes are being rerouted, and Thailand, as a major oil importer, faces mounting pressure from rising energy costs, higher living expenses, and disrupted exports. This article dives deep into the battlefronts, economic impacts, and ripple effects — revealing the full scope of a crisis shaking the world, and exploring how Thailand must prepare to navigate this era of uncertainty.

Copper Scrap Classification and Market Trends in Global and Thai Contexts Copper scrap is not merely “old material,” but a strategic resource in modern metal industries and recycling. It is 100% recyclable without losing its electrical or physical properties, making it a cornerstone for reducing production costs, lowering dependence on natural resources, and meeting environmental (ESG) standards. As the world transitions toward a Green Economy and stricter ESG frameworks, copper recycling saves up to 85% of energy compared to mining and refining new ore, while significantly reducing carbon emissions. International standards such as the ISRI Standard play a crucial role in classifying copper scrap, determining its price, value, and recycling process. From the highest purity Bare Bright Copper to mixed Copper Alloys requiring separation and re-smelting, classification directly impacts market valuation. In 2026, both global and Thai copper scrap markets are entering a Structural Uptrend, driven by surging demand from EV manufacturing, data centers, renewable energy, and AI technologies — all of which rely heavily on copper as a primary raw material. SO OK TRADING, as a trusted non-ferrous metals partner from Thailand, is committed to advancing toward a sustainable recycling future. Guided by the principle FAST • SHARP • RELIABLE, we aim to set new standards for the Thai and Asian metals market.

Primary Aluminum Ingot: Grades, Standards, Applications, and Future Outlook SO OK TRADING — October 10, 2026 In today’s industrial era, Primary Aluminum Ingot—produced directly from bauxite ore (not recycled)—stands as a cornerstone material driving global manufacturing. From electric vehicles (EVs) and electronics to premium metal packaging, this pure aluminum plays a pivotal role in shaping innovation worldwide. With precisely controlled purity levels and diverse application forms, ranging from Standard Grade P1020 to High Purity Grade 99.99%, aluminum ingots have become a fundamental resource powering both the global economy and the technologies of the future. SO OK TRADING presents in‑depth insights into the global market structure (2025–2026), the growth trajectory of Green Aluminum, and the comparison between Russia’s GOST standards and international benchmarks such as LME/ASTM/EN, offering a comprehensive view of the aluminum ingot market from a global perspective.

Non-Ferrous Recycling in ASEAN 2026 By SO OK TRADING | 10 OCT 2026 In 2026, the world is entering the era of a circular economy

Non-Ferrous Metals: Trends in Thailand and ASEAN SO OK TRADING | 8 OCT 2026 In 2026, the global metals industry is entering a “structural transformation era.” Non-Ferrous Metals — including aluminum, copper, zinc, tin, and nickel — have become the driving force behind the green economy and future technologies. Thailand, as the Downstream Hub of ASEAN, is accelerating the development of electric vehicles (EV), clean energy, and digital infrastructure. These metals are now recognized as strategic raw materials essential to sustaining global economic growth. At the same time, ASEAN is shifting from being a traditional “raw material exporter” to a Global Strategic Hub, powered by carbon neutrality policies, circular economy initiatives, and investments in advanced technologies to ensure long-term sustainability. This article by SO OK TRADING explores the key trends shaping the Non-Ferrous Metals market in Thailand and ASEAN — from the rise of EVs and clean energy, to industry responses to supply shocks, and the creation of circular supply chains that are becoming the “key to the future” of the global metals industry. SO OK TRADING: FAST • SHARP • RELIABLE Your trusted partner in the new era of metals

“Copper: The Metal of the Future Amid Surging Demand and Tight Supply (October 2026)” ✨ Introduction Copper has risen to become the strategic metal of the decade, driving the global transition toward clean energy and advanced technologies. From AI Data Centers and Renewable Energy Infrastructure to Electric Vehicle (EV) systems, every sector relies heavily on high‑purity copper. Amid global supply constraints caused by disruptions in Chilean and Peruvian mines and consolidation efforts in China, copper prices continue to climb. Leading financial institutions such as Goldman Sachs, Citigroup, and Deutsche Bank now regard copper as a “strategic asset of the future.” In Thailand, the copper market remains elevated in line with global dynamics. Key consumers include the wire & cable and electronics industries, while recyclers are adapting to Green Industry practices to reduce carbon footprints and enhance sustainability in global competition.

RDF‑3 & Wood Pellet: Opportunities and Challenges in the Global Clean Energy Market SO OK TRADING | October 7, 2026 As the world accelerates its Energy Transition to achieve the Net Zero Carbon goal, alternative fuels such as RDF‑3 (Refuse Derived Fuel) and Wood Pellet (biomass fuel) have become vital in reducing dependence on coal and heavy fuel oil in both industrial and power generation sectors. Driven by Thailand’s Net Zero 2065 policy, the Carbon Tax, and the EU’s CBAM (Carbon Border Adjustment Mechanism), businesses worldwide are being compelled to shift decisively toward clean energy — and Thailand is at the forefront of this transformation. SO OK TRADING sees significant opportunities in the rapidly growing alternative fuel market, both domestically and internationally. In particular, RDF‑3 is well‑suited for waste‑to‑energy plants and cement industries, while Wood Pellet holds strong potential for exports to Japan, South Korea, and Europe. This is not just a fuel transition — it is the transformation of Thailand’s energy future toward global sustainability

Global Aluminium Market Overview and the Role of Key Asian Producers From P1020 Raw Material to Thailand and Asia’s Industrial Supply Chain SO OK TRADING : 7 OCT 2026 In today’s global economy driven by clean energy and sustainability, aluminium has become a strategic metal playing a vital role across industries — from packaging and automotive to energy and electronics. In particular, P1020 Aluminium Ingot (99.7% purity) is regarded as the fundamental raw material that defines the quality of the entire supply chain. This article provides an in-depth look at the latest developments among major producers in the region: Portland Aluminium and Tomago Aluminium (Australia) — global production bases undergoing recovery and transitioning to renewable energy. Press Metal (Malaysia) — the fastest-growing hub for low-carbon aluminium in ASEAN. INALUM (Indonesia) — a premium ingot producer powered by hydropower, closely linked to Thailand’s supply chain. It also analyzes the Outlook and Industry Direction of the global aluminium market, which is entering a new era of “Supply Stability + Environmental Sustainability.” This shift represents a strategic opportunity for Thai businesses to strengthen competitiveness in the global market. SO OK TRADING : FAST | SHARP | RELIABLE The true expert in Non-Ferrous business from Thailand

泰国电机与空压机 —— 驱动全球经济的力量 SO OK TRADING | 2026年10月5日 泰国正处于全球战略要地，作为仅次于中国和墨西哥的世界第三大空调出口国，其核心在于“电机”和“压缩机”，它们是支撑全球冷却系统与相关产业的心脏

Aluminum Coil 2026: Transitioning into the Era of Sustainability and Innovation SO OK TRADING | October 4, 2026 In 2026, the aluminum coil industry is entering a pivotal era of transformation worldwide. With advancements in technology, recycling, and sustainability, global producers are accelerating development to meet the rising demand in electric vehicles (EVs), modern construction, and eco-friendly packaging. From Alcoa, Hindalco, Norsk Hydro, and Rusal to emerging players such as Aluminum Dynamics, EGA, Speira, and new entrants from China — every company is competing through AI-driven innovation, automation, and recycled scrap utilization, creating materials that are lightweight, durable, and low in carbon emissions. Thailand continues to serve as a vital hub in the ASEAN region, with Closed-Loop Recycling initiatives capable of turning used cans into new ones within just 60 days, saving up to 95% of energy compared to primary smelting. The aluminum packaging industry has become the cornerstone of this new growth era — from beverage cans to food packaging — utilizing specialized alloys such as 3004, 3104, 5182, and 5052, ensuring both strength and safety in application. As the world advances toward sustainability, SO OK TRADING remains a trusted business partner, delivering global-quality solutions and deep insights to clients across industries. SO OK TRADING — FAST • SHARP • RELIABLE

Aluminum & Copper Market Outlook in the U.S.: Costs, Supply Chains, and the Drive of AI & Clean Energy SO OK TRADING | October 4, 2026 In an era where technology and clean energy are rapidly reshaping the world, the United States is facing immense pressure in the supply chains of strategic metals — Aluminum and Copper. These two metals are not only vital industrial raw materials but also the “core drivers” of future innovation, powering everything from Electric Vehicles (EVs) to AI Data Centers and renewable energy systems. Import tariffs, supply constraints, and global resource competition are shaking the foundations of the metals industry worldwide. The U.S., in particular, must adapt swiftly to safeguard its economic and technological stability. This article will explore: The current situation of the U.S. aluminum and copper markets The direction of investment and usage in the age of AI and clean energy The future trends of recycling and material substitution Together, these insights reveal how aluminum and copper are set to become the pillars of the new global economy.

Oil, Naphtha & Plastics Q4/2026: Industry Outlook and Thai Market Trends

Thailand Metal Outlook 2036: Aluminum, Copper & Steel SO OK TRADING | 3 OCT 2026 Thailand is entering a major turning point in its metal industry, driven by Electric Vehicles (EVs), renewable energy, and the rapidly growing Green Economy. This article explores the outlook for aluminum, copper, and steel — three core metals shaping Thailand’s industrial future — analyzing usage trends, growth rates (CAGR), and how industries are adapting toward sustainability.

Global Nickel Market Outlook (Nickel Outlook) October 2026 – 2036 SO OK TRADING | FAST | SHARP | RELIABLE | October 2, 2026 ✨ Introduction The year 2026 marks a pivotal turning point for the global nickel market — a strategic metal driving the clean energy economy and future technologies. Nickel is not only a key raw material in the stainless steel industry but also the backbone of electric vehicle (EV) batteries and advanced energy storage systems. In October, the nickel market is shifting from a state of oversupply to a more balanced and tightening market, reflecting a restructuring of the global supply chain. At the center of this transformation is Indonesia, the dominant producer shaping global price direction. ⚙️ Industry Overview Supply: Indonesia has cut mining quotas by over 30%, reducing output to 250–270 million tons in 2026 → tightening supply and raising costs. Demand: Recovery across regions: Europe +1.8% United States +0.9% Africa +26.3% Geopolitics: With North and South America’s share of production down to just 7%, the U.S. and its allies are accelerating long-term agreements to secure supply chains.

Tin: The Strategic Metal of the Digital and Green Era SO OK TRADING | October 2, 2026 In an age where technology and clean energy drive global progress, Tin (Sn) has emerged as a strategic metal vital to the world’s supply chain. From electronics and semiconductors to electric vehicles (EVs) and green energy, tin is no longer just an ordinary industrial metal—it has become the backbone of future manufacturing and innovation. With its outstanding properties—silver-white appearance, softness, high corrosion resistance, and rust-free durability—tin is widely applied across industries. Its uses range from soldering circuits, tin-plating for food and beverage cans, alloy production, and float glass manufacturing, to advanced chemical compounds and stabilizers. In 2026, the global tin market price has reached USD 53,700–54,300 per metric ton, driven by surging demand in AI and EV sectors. Analysts forecast that prices will remain elevated throughout 2027 amid a structural supply deficit, reinforcing tin’s role as a critical resource in the digital economy. Tin is no longer a conventional industrial metal—it is a precious resource of the digital era, symbolizing the transformation of the global economy toward a sustainable, technology-driven future. SO OK TRADING — FAST • SHARP • RELIABLE Your trusted partner in the non-ferrous metals market

Global Copper Price Analysis | October 2, 2026 : SO OK TRADING The year 2026 marks a historic turning point for the global metals market, with copper emerging as the strategic centerpiece of the new economy. Driven by the rapid expansion of AI Data Centers and the global Energy Transition, copper prices surged to record highs before entering a short-term correction in October, pressured by a stronger U.S. dollar, rising oil prices, and China’s economic slowdown. Despite near-term headwinds, structural fundamentals remain robust — from strategic stockpiling in the U.S. and China to rising demand across technology and clean energy sectors. Copper continues to stand as a “strategic metal”, reflecting both risks and opportunities in the evolving global economy. SO OK TRADING delivers in-depth analysis covering current market conditions, future outlook, and technical evaluations, providing a clear perspective on the global copper market — from record highs to correction, and toward a future that remains undeniably “hot.”

Global Antimony & Lead Price Outlook — October 2026 Supply, Demand, and Strategic Market Insights By SO OK TRADING | October 1, 2026 In October 2026, the global non‑ferrous metals market reveals two contrasting stories. Antimony remains elevated amid persistent supply constraints and strong demand from defense and clean‑energy sectors, while Lead faces downward pressure from oversupply and slowing battery demand. This month’s analysis from SO OK TRADING explores the latest price movements, structural drivers, and forward‑looking insights shaping both metals — from China’s export policies to global industrial trends. Discover how these dynamics define the Q4/2026 outlook, investment opportunities, and strategic implications for manufacturers and traders worldwide.

Global Aluminium Outlook October 2026 — Analysis by SO OK TRADING The global aluminium market (LME) has entered a short-term consolidation phase after a strong rally in the previous quarter. The latest spot price stands at $3,156.50 per ton, while the 3-month futures are quoted at $3,169.50 per ton. The spread of +$13 clearly reflects a Contango structure — signaling that supply is sufficient and there is no immediate rush for physical demand. Although prices have corrected to $3,170 per ton, the overall sentiment remains a “Buy on Dip” opportunity, as the market continues to face a structural supply deficit. Demand growth driven by the Green Transition — electric vehicles (EVs), solar energy, and renewable infrastructure — underpins the long-term bullish outlook. This analysis explores bullish drivers and risk factors, provides insights from leading global financial institutions, and outlines the price outlook for Q4 2026, enabling businesses and investors to craft confident procurement strategies in a market that remains strong yet volatile.

Global Aluminium Market Overview & Outlook — September 29, 2026 SO OK TRADING Insight: From Structural Tightness to a New Price Era in the Clean Energy Transition ✍️ Introduction By late September 2026, the global aluminium market continues to trade at elevated levels of USD 3,240–3,260 per metric ton, reflecting persistent structural tightness in supply and the accelerating demand for clean energy. Aluminium is now at a pivotal turning point — evolving from a conventional industrial metal into a “strategic metal of the future”, powering electric vehicles, solar energy, wind turbines, and AI data centers. Despite short-term pressures from China’s economic slowdown and expectations of U.S. Federal Reserve rate hikes, the medium- to long-term outlook remains firmly bullish. Prices are expected to establish a higher base between 2027–2033, driven by clean energy demand and rising carbon costs.

In an era where the world is transitioning toward clean energy and future technologies, copper has emerged as the true strategic metal driving the global economy. China — the world’s largest consumer and smelter of copper — is now at the center, shaping both pricing and the global supply chain. From the Dexing Mine in Jiangxi Province to the Chating deposit in Anhui, China has built the most influential copper empire in Asia. At the same time, through mining giants such as Zijin Mining, Jiangxi Copper, and China Railway Group (CREC), China has expanded its influence globally, investing in copper projects from the Congo to South America. Meanwhile, the Yangshan Premium has surged to multi‑year highs, reflecting China’s genuine physical demand for copper and the tightening of supply in global markets. China is therefore not merely a “buyer” but has established itself as the game‑changer of the global copper market in the 21st century.

China: The Global Aluminum Powerhouse SO OK TRADING | 28 SEP 2026 As the world moves toward clean energy and future technologies, aluminum has become one of the most strategic metals of our time. From electric vehicles (EVs) and renewable energy infrastructure to aerospace and sustainable packaging, aluminum plays a vital role across industries. China, as the world’s largest producer and exporter of aluminum, accounts for more than half of global output. It is also the hub of cutting-edge manufacturing technologies. Unsurprisingly, China is recognized as the “Global Aluminum Powerhouse”, shaping the direction of the international market. This article by SO OK TRADING provides an in-depth look into China’s aluminum market — covering production structures, key players, pricing references, and market outlook for 2026–2027. It also explores opportunities and strategies for Thai businesses to manage costs and mitigate risks in the evolving global metals landscape. SO OK TRADING — FAST • SHARP • RELIABLE Your trusted partner in the world of strategic metals.

In a world rapidly accelerating toward clean energy and a low‑carbon economy, aluminum has emerged as a strategic metal driving the future of global industries — from electric vehicles (EVs) to renewable energy infrastructure and large‑scale AI data centers. Among the nations shaping this transformation, Russia stands out as a key player. With an annual production capacity of 3.5–4 million tons, accounting for 5–6% of global output, and led by UC RUSAL, Russia has become the cornerstone of the full‑scale transition into the era of Green Aluminum. Powered by Siberian hydropower and strengthened by world‑class innovations such as ALLOW and ALLOW INERTA, which reduce carbon emissions to near zero, Russia is not only a major producer but also a global standard‑setter in aluminum — at a time when every country must adapt to increasingly strict environmental regulations. This article by SO OK TRADING will take you deep into: The strength and potential of Russia’s aluminum industry The impact of war and sanctions reshaping global supply chains Market outlooks for both the global stage and Thailand between 2026–2030 And the critical role of the Green Transition in defining the future of the low‑carbon economy ✨ Aluminum Russia is not just about metal — it is about the future of a world economy driven by clean energy and sustainability. SO OK TRADING — FAST • SHARP • RELIABLE