Jiangsu Xiongfeng Technology visits Asian Metal

In the afternoon of January 10, 2013, Zhang Xiaoquan, GM assistant and Sheng Xiaodong, Sales Manager of Jiangsu Xiongfeng Technology Co., Ltd. visited Asian Metal and shared cobalt market information and opinions with Joy Kong, Associate Analyst of Asian Metal.

After several months’ price falling in cobalt market, cobalt price rebounds after the New Year holiday in 2013. As supply is a little bit tight in cobalt sulfate market, the price of cobalt sulfate rises obviously, while prices of other products only increase marginally. Since Chinese Lunar New Year is approaching and participants are busy in getting back money, cobalt market is not so active and it is expected that there is limited room for cobalt price to go up.

Mr. Zhang and Mr. Sheng reported that China holds high stock now, so they cannot hold high expectation towards the market in 2013, and they are cautious in making procurement of cobalt concentrates. At the same time, Jiangsu Xiongfeng Technology plans to expand the market share in cobalt salts export market in 2013. They think highly of the service of Asian Metal and they are willing to attend the 5th World Cobalt & Lithium Forum, which will be held in Chengdu, Sichuan on April 17-20.

Jiangsu Xiongfeng Technology Co., Ltd. is a modern cobalt production enterprise, with scientific research, production and trade as a body. It is located in the Zhengyu Industrial Park of Haimen city, and the total investment reaches more than RMB180 million, with a land area over 80,000m2, and a total construction area of 38,000m2, and the annual production capacity of cobalt products is 1,600 metal tons. Our company imports cobalt concentrate as the materials, separating and extracting the valuable elements such as cobalt from cobalt ore through advanced hydrometallurgical technique.

The main products are cobalt chloride, cobalt oxalate, cobalt sulfate, cobalt carbonate, cobalt powder, cobalt tetroxide, cobalt metal etc. with copper sulfate, manganese carbonate, ammonium chloride as the by-products. The chemical, composition and physical properties of our cobalt products are mainly designed, produced and inspected according to the strict requirement of rechargeable battery, and they can meet the requirement from cemented carbide industry. Our products can be widely used in the rechargeable batteries, alloy materials, catalyst, and ceramics industries, etc..