Asian Metal visits Honghe Ruixin, Gejiu Jiyuan, Gejiu Jingcui, Gejiu Zhongxin

On January 12, 2024, Mr. Hao Zhao, the Sales Director of Asian Metal, and Mr. Alex Guo, the Tin Market Analyst, visited Honghe Ruixin Mineral Trading Co., Ltd., Gejiu Jiyuan Mining & Metallurgy Co., Ltd., Gejiu Jingcui Mining Co., Ltd., Gejiu Zhongxin Metal Resources Co., Ltd., and were warmly welcomed by the above enterprises.

On the morning of January 12th, Asian Metal first visited Honghe Ruixin Mineral Trading Co., Ltd., and met Mr. Wenjun Peng, the General Manager, and Mr. Bayi Gong, the Business Manager. Mr. Wenjun Peng introduced the current tin mining business of the company and disclosed that the company cooperates with local smelters and has many years of mining business experience. Mr. Wenjun Peng also expressed his intention to subscribe the Asian Metal platform and would actively participate in the Tin Industry Forum to be held by Asian Metal.

After that, Asian Metal visited Gejiu Jiyuan Mining & Metallurgy Co., Ltd., and met Mr. Qinggang Zhang, the General Manager, Mr. Sihao Li, the Business Manager, and Mr. Zenghua Qiu, a client of Jiyuan Mining. Mr. Qinggang Zhang introduced the current production situation of the company's dressing plant and expressed his forecast of the price trend this year. He believed that the supply shortage of raw materials in the first half of the year would support the prices of tin ingot to stay stably at RMB200,000-220,000/t(USD27,812-30,593/t) in spite of the weak downstream demand. He expressed concern about the situation of downstream end customers in the tin industry. The two sides also had in-depth communication on the source of overseas tin mines and the import of refined tin from South America.

In the afternoon, Asian Metal visited Gejiu Jingcui Mining Co., Ltd and Gejiu Zhongxin Metal Resources Co., Ltd., and conducted friendly communications with Mr. Yang Zhang and Mr. Xuwei Xu, the General Manager of the two companies respectively.