Asian Metal visits Fugu Xintian

On the morning of 25 December, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Xintian Magnesium Alloy Co., Ltd. and held in-depth discussions with Mr. Haibo Su, the Vice President, and Mr. Weiping Wang, the Sales Director of the company, regarding the supply and demand for magnesium in 2024 and the anticipation of magnesium application in 2025. Mr. Haibo Su claimed that the balance and adjustment of the oversupply for magnesium would be the only way for suppliers to go through under the plenty supply but slowdown demand.

Fugu Xintian Magnesium Alloy Co., Ltd. was established in 2008. It is an enterprise focusing on the production of magnesium and supporting recycling industry chain. It is located in the hinterland of Shenfu Coalfield Development Zone, a national energy and heavy chemical base, and the Gaoshan Industrial Concentration Zone of Xinmin Town, Fugu County. The company has built an annual production line of 50,000t of magnesium (including 30,000t of vertical tank new process), a supporting gas production workshop with an annual output of 600,000 tons of semi-coke and 40,000t of tar, and a ferrosilicon production line with one furnace of 40500kVA. With a total output value of 1.2 billion yuan per year, the company has formed an emerging enterprise integrating resource transformation, recycling and comprehensive utilization, and transformation and upgrading of the industrial chain.

As a years-long partner of Asian Metal, Fugu Xintian has been referring to market information and prices provided by Asian Metal and thinking highly of its objective, fair and timely market information. With positive comments on previous magnesium summits, Fugu Xintian would participate in the 13th Magnesium Summit to be held by Asian Metal in Xiamen on April 10-11, 2025.