LME

Antimony – The Strategic Mineral of Indochina In an era driven by clean energy and advanced technology, Antimony (Sb) has been elevated to a Critical Mineral that every nation needs — powering batteries, electric vehicles, and defense industries. Indochina — Laos, Cambodia, Myanmar, and Thailand — is rapidly emerging as a vital stage in the global antimony supply chain:

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.

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.

Global Aluminum Market Outlook: Price Pressures and Future Trends (October 2026) Aluminum futures on the London Metal Exchange (LME) plunged more than 2.6% in a single day and nearly 10% over the past month, reflecting mounting pressure from both macroeconomic factors and supply–demand dynamics. Meanwhile, other metals such as gold, copper, and zinc continued to rise, a phenomenon described as “Fundamental Decoupling.” This correction is not merely a short-term signal but highlights structural changes in the industrial metals market. Aluminum, in particular, faces headwinds from rapid supply recovery and new production capacity coming online, while Chinese demand has failed to rebound as expected. This post will dive into the macro, supply, and demand factors weighing on prices, analyze key technical support and resistance levels, and explore the long-term perspective that positions this downturn as a potential Buy on Dip opportunity for businesses reliant on raw materials.

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

“Aluminium Coil Packaging Outlook 2027: Conversion Costs and Global Market Directions” SO OK TRADING | October 8, 2026 Introduction In 2027, the aluminium packaging industry is set to enter a major turning point. As the world moves toward a Circular Economy and environmental regulations become increasingly stringent, rising energy costs and China’s production limits are driving sustained growth in demand for aluminium coils for beverage and food packaging. SO OK TRADING, as your trusted partner in Non-Ferrous Metals and Aluminium Packaging, provides key insights into: Conversion Cost Trends: 780–870 USD/MT LME Aluminium Price Forecast: Expected to reach 3,000 USD/MT Strategic Procurement Approaches: Preparing for Green Premium and CBAM compliance This article offers a deep dive into the global market outlook, procurement strategies for Series 3000 and 5000, and the evolving landscape of major producers in China and ASEAN — ensuring your business is ready for a year defined by competition and sustainability. SO OK TRADING — FAST • SHARP • RELIABLE The true leader in Non-Ferrous & Aluminium Packaging from Thailand

“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.

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

Thailand Financial Market Weekly Overview (October 6, 2026) This week, Thailand’s financial market continues to face external pressures, particularly from the strengthening US dollar and persistently high US Treasury bond yields. As a result, the Thai baht shows signs of temporary weakness, global gold prices remain in a correction phase, and the SET Index moves lower following foreign investor sell-offs. Despite these global headwinds, Thailand’s economic fundamentals remain resilient. The recovery in tourism and sustained earnings growth of listed companies provide strong support, offering opportunities for market rebound in the medium to long term.

Global Aluminium Market Q4/2026 — Japan Premium (MJP) Under Supply Pressure SO OK TRADING | 6 OCT 2026 As the fourth quarter of 2026 begins, the global aluminium market is entering a decisive turning point. The Japan Premium (Main Japan Premium – MJP) for Q4 has yet to reach a final settlement, reflecting cautious negotiations between buyers and sellers. Although structural demand from electric vehicles (EVs) and clean energy remains strong, the market is under pressure from tight supply in the Middle East and sluggish demand across Asia. As a result, the Japan Premium is expected to settle below $280 per ton, following Rio Tinto’s latest offer cut from $310 to $280 per ton (CIF Japan). Meanwhile, China has accelerated production and boosted exports by more than 17% year-on-year to offset supply gaps caused by Middle Eastern disruptions. This has created a fragile balance in the global market — prices remain elevated compared to 2025, but buyers are increasingly cautious. This analysis from SO OK TRADING explores every dimension of the aluminium market in Q4/2026: the state of MJP negotiations, the Middle East supply crisis, China’s counterbalance, LME price trends, and the industrial impact across Asia. ✨ FAST. SHARP. RELIABLE. SO OK TRADING — Your Trusted Partner in Non-Ferrous & Aluminium 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

Middle East Crisis 2026: From Ceasefire Rejection to Full-Scale War Risk and Global Economic Shockwaves ✨ Introduction As of October 5, 2026, the Middle East is entering one of its most critical turning points in decades. The United States, under President Donald Trump, has rejected Iran’s proposed 7‑day ceasefire plan, rapidly escalating tensions across diplomatic, military, and economic dimensions. This confrontation between two major powers in the region not only threatens political stability but also sends shockwaves through oil prices, gold markets, and international logistics systems. Global markets are already reacting to the rising uncertainty day by day. At a time when the world is closely watching the Strait of Hormuz — the vital artery of global energy trade — U.S. and allied maneuvers, along with Iran’s and the Houthis’ responses in Yemen, are becoming decisive factors for the global economy in the final quarter of 2026. SO OK TRADING — FAST • SHARP • RELIABLE

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

Global Metal Market Powerhouses: LME vs ShFE (London Metal Exchange & Shanghai Futures Exchange) SO OK TRADING : October 4, 2026 Introduction In the global trade of non-ferrous metals, two exchanges dominate the stage in setting world-standard prices — the London Metal Exchange (LME) from the United Kingdom and the Shanghai Futures Exchange (ShFE) from China. These two markets stand as the “twin pillars” of the global metals industry, reflecting both the pulse of the world economy and the industrial heartbeat of China. LME serves as the international hub for metal trading, using the US dollar (USD) as the benchmark currency and providing the global reference price relied upon by industries worldwide. ShFE mirrors China’s domestic supply and demand, trading in renminbi (RMB) with value-added tax (VAT) included, and driven by the power of Chinese producers and industrial enterprises. As the world transitions toward clean energy and electric vehicles (EVs), demand for copper, nickel, and aluminium continues to surge. This makes both exchanges critical in shaping the direction of global raw material pricing. Far from being rivals, LME and ShFE are strategic partners — bridging East and West, balancing international benchmarks with China’s domestic realities. SO OK TRADING Your trusted partner in NON-FERROUS METALS from Thailand 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.

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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 Zinc Insight Q4 2026 — Supply Tightness, Demand Slowdown, and Leading Financial Institutions’ Perspectives By SO OK TRADING | October 1, 2026 Global zinc prices remain elevated, though they have entered a slight correction phase following the September peak season. As of October 1, 2026, zinc is trading at USD 3,819–3,821 per metric ton, down about 1% month‑on‑month, yet still more than 26% higher year‑on‑year. This reflects the persistent supply constraints across the global market. This analysis explores the bullish and bearish drivers shaping zinc prices, the latest developments in the LME and SHFE markets, and insights from leading financial institutions including JP Morgan, Goldman Sachs, and SMM. All three agree that despite slowing demand, zinc prices are expected to remain at high levels throughout Q4 2026, supported by tight supply and historically low inventories. Readers will gain a clear view of the expected price range of USD 3,400–3,950 per ton, the average forecast of USD 3,500–3,650 per ton, the impact of rising Asian premiums, and practical risk management strategies for Thai businesses in the non‑ferrous metals industry.

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.