Speaker0 Hello. Good afternoon. I was caught up in one of these one-on-one meetings. My name is Armand MacKenzie. I am President of First Phosphate. Please, let me know how many people are interested in the room about mining. Who is an investor in mining? Speaker1 First Phosphate (NasdaqGM:PHOS) FY Conference October 21, 2026 05:00 PM ET I am. Speaker0 You are? Are you? Good. This is really a mining investment in Quebec, in northern Quebec, Labrador. That is what it is. I will put the legal disclaimer here ...

October 6, 2026 09:00 PM GMT Greater China Materials | Asia Pacific 4Q26 Outlook: What To Buy During The Rate Hike Period During the rate hike period we prefer stocks in our Materials coverage with greater earnings visibility and higher dividend yields. We also see attractive entry points in copper and gold stocks following the recent correction. Our preferred stocks: Zijin Mining A&H, CMOC, MMG, Zijin Gold Int'l, China Jushi, Grace Fabric, Huaxin Building Materials A&H, JL Mag, CGN Mining, Kazatomprom. Cop ...

Ac t i o n | 07 Oct 2026 09:20:58 ET │ 98 pages Global Battery Chain The Second Battery Capacity Cycle with More Balanced Landscape, We Are Not Bearish CITI'S TAKE We witnessed the battery price cycle inflection in 2025 (link). Since then, we have seen upward revisions in consensus forecasts across the value chain until recently. Looking ahead into the downcycle as battery capacity catches up, we are not as bearish as market feared. We see a more balanced supply-demand landscape as overall utilization on th ...

October 9, 2026 02:02 PM GMT TCO-equivalent $/kwh premium: Based on our analysis, CATL could justify up to a Rmb0.24/Wh price premium over tier-2 peers to reach a parity level in total cost of ownership. Secondhand car markets also price CATL's batteries at a >Rmb0.1/Wh premium. These are well above CATL's current margin premium of just Rmb0.09/ Wh over tier-2 peers, which we believe should be sustained. This also suggests CATL has passed a significant portion of its quality and performance advantages on to ...