Beijing Founde Star visits Asian Metal

On the morning of 28 July 2017, Cui Deqiang, the general manager of Beijing Founde Star Science & Technology Co., Ltd. (“FDC”), visited Asian Metal and had a conversation on rare earth products and indium, germanium and gallium products respectively with Minor Metals market analysts Eric Qiu and Shelly Liu.

Eric Qiu, the rare earth market analyst, gave an introduction of Asian Metal and the current rare earth market conditions to GM Cui. Eric stated that prices for major rare earth products kept rising affected by policies of inspection on environmental protection, the crackdown on illegal mining of rare earth, national reserves and tax management, etc. Prices for rare earth products still tend to go up due to the tightened supply. Manager Cui introduced to Eric FDC’s rare earth target material business as well as the terminal utilization for some rare earth products. They also conducted an in-depth communication on market prices trend, supply and demand pattern as well as the downstream application for rare earth products including dysprosium oxide, europium oxide, gadolinium oxide and lutetium oxide, etc.

Shelly Liu, the indium, germanium and gallium market analyst, had a discussion with Manager Cui on the current supply and demand pattern for indium, germanium and gallium in Chinese market as well as the investment advice. Manager Cui stated that the indium, germanium and gallium market has been sluggish over the recent two years and prices, especially those for indium have been hovering at low levels. Besides, the spot market saw severe oversupply after the “Fanya Incident”, which led to poor liquidity and more cautious investment demand outlook.

Founded in 2004, FDC is a comprehensive technology company which engages in the R&D, production and marketing of new materials including sputtering target material. The company’s main products include sputtering target, evaporation materials, rare earth products, alloy materials and ceramic material, etc. In particular, its large-sized low melting point rotating target material products are of world-leading standard.