Asian Metal visits China Minmetals Rare Earth, China Southern Rare Earth Group International Trade, FT Alloy, Tianwen Magnetic and Youli Science and Technology

On March 28, 2018, the rare earth analyst Eric Qiu and the general manager assistant Wei Shuyong from Asian Metal visited China Minmetals Rare Earth Co., Ltd., China Southern Rare Earth Group International Trade Co., Ltd., Ganzhou FT Alloy Co., Ltd., Ganzhou Tianwen Magnetic Industry Co., Ltd. and Ganzhou Rare Earth Youli Science and Technology Development Co., Ltd. After conducting in-depth research, Asian Metal exchanged the views with principals from above companies and invited them to attend the 10th International Rare Earth Summit held by Asian Metal in Sanya of Hainan on May 10 and 11.

On the morning of March 28, Asian Metal visited China Minmetals Rare Earth Co., Ltd. and had a discussion with the company's general manager Wang Longbin to whom Eric Qiu introduced Asian Metal's price mechanism and information services, and Wang Longbin said that he would take part in the Rare Earth Summit. Moreover, Asian Metal also communicated with Yang Dinghai, the manager of Sales Department and Hu Pingping, the business manager from the company.

Later, Asian Metal paid a visit to China Southern Rare Earth Group International Trade Co., Ltd. and deeply communicated with the company's vice general manager Xiao Hui and the manager of Risk Management Department Xu Peng. Miss Xiao said that China Southern Rare Earth Group Co., Ltd. (CSRE) changed its operation model and will seal deals according to the average price provided by the third party like Asian Metal, hoping that Asian Metal can maintain its fairness. Both sides also talked about the listing price mechanism of CSRE and the integration process of Jiangxi-based enterprises for waste recycling. Miss Xiao who had the intention of attending the 10th International Rare Earth Summit also revealed that the information exchange should be strengthened.

On the afternoon of March 28, Eric Qiu and Wei Shuyong called at Ganzhou FT Alloy Co., Ltd. and communicated with Zou Cheng, the vice general manager of the company. Mr. Zou noted that their company is mainly engaged in rare earth metals like yttrium, gadolinium, erbium metals, and rare earth alloys, such as Sc-Al alloy, rare earth aluminum and rare earth magnesium alloys and showed Eric Qiu and Wei Shuyong around workshops, facilities and warehouses, expecting that Asian Metal could provide help in downstream industry development.

Then, they visited Ganzhou Tianwen Magnetic Industry Co., Ltd. and met the company's general manager Xie Shuchun and the vice general manager Wen Weiming. Wen Weiming disclosed that their company currently owns four sintering furnaces with an output of 40-50tpm of rough sintered NdFeB magnet. Xie Shuchun indicated that both sides should conduct closer cooperation and hoped that Asian Metal could provide market situation guide and market trend judgment.

Finally, Asian Metal had a talk with Xiong Yongde, the general manager, Xiao Weidong, the director and chief engineer, Xiong Rongcong, the director of Sales Department and Wang Houqing, the vice chief engineer of Ganzhou Rare Earth Youli Science and Technology Development Co., Ltd. Xiao Weidong showed Eric Qiu and Wei Shuyong around their standard workshops and equipment. Xiong Rongcong said that most rare earth companies faced financial pressures after the Spring Festival holiday and Youli Science and Technology preferred to watch the market considering high raw material costs. Both sides also conducted a deep discussion about tax system changes of waste recycling companies and the issuance of central enterprises' industrial investment funds in poverty-stricken areas. The company has paid for the attendance of Asian Metal's 10th International Rare Earth Summit in Sanya.