Asian Metal visits Fugu Wanxin

On the morning of 26 December, 2024, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Wanxin Coal-Electric Chemical Co., Ltd. and discussed the current market demand and price trends of lignite and magnesium with Mr. Huaibin Lin, the General Manager, and Mr. Baobao Quan, the Marketing Director.

Fugu Wanxin Coal-Electric Chemical Co., Ltd., in accordance with the development concept of marketization, entity operation and industrial diversification, invested 490 million yuan to build facilities of 1.2 million tons of washed coal and 900,000 tons of lignite in the Laogaochuan Dingjiahuopan Industrial Concentration Zone in Fugu, and built a plant of 20,000tpy of magnesium metal. In accordance with the development ideas of "transformation, optimization, upgrading and innovation", the park strives to build a circular economy industrial chain of "raw coal-lignite-tar-coal gas", lignite-magnesium metal, etc., to achieve the goals of energy conservation, emission reduction and comprehensive utilization of resources.

Fugu Wanxin has long paid attention to and used the price information of Asian Metal as the supply and marketing price index, and highly praised its timely, rigorous and objective market reports. With recognition of the previous magnesium summits, the company will actively participate in the 13th Magnesium Summit held by Asian Metal in Xiamen on April 10-11, 2025.