Asian Metal visits Shanxi Yinguang Huasheng

On the morning of 4 December, Consultant & Senior Product Manager of Asian Metal, Ms. Daphne Zhang visited Shanxi Yinguang Huasheng Magnesium Co., Ltd., and was warmly greeted by General Manager, Mr. Zongkun Wang. Both sides held in-depth discussions on the price competition on the raw material. Due to advantage of production cost, magnesium ingot production has transferred from Shanxi to Shaanxi. In order to pursue a better development, Shanxi magnesium plants have no choice but to deal with the downstream products. Yinguang has made active efforts in magnesium bar, extrusion, die casting, surface treatments and processing. In addition, they expect to focus on the machining and surface treatment in the future days to fight for better profits.

Later, Ms. Daphne visited Yinguang’s plants, including die casting, extrusion, magnesium bar, magnesium alloy, machining and anode plants.

With a regular monthly output of 2,400t of magnesium ingot, 900t of magnesium alloy and 2,200t of reductive calcium ingot, Shanxi Yinguang reduced their production volume for magnesium ingot to 1,000t from October restricted by the slow demand and price inversion. In order to avoid price competition in magnesium ingot 99.9%min industry, Yinguang is committed to produce highly quality magnesium bar production, light alloy products and expand the application of magnesium products in military and aerospace industries. They expect to pursue reasonable profits in the processing of high-value products.

As a years-long partner of Asian Metal, Yinguang has been referring to market information and prices provided by Asian Metal for long. Mr. Zongkun Wang thought highly of objective, fair and timely market information provided by Asian Metal and also gave positive comments on previous magnesium summits held by Asian Metal, planning to participate in the 9th Magnesium Summit to be held by Asian Metal in Hangzhou on April 16-17, 2020. In addition, Mr. Wang will give a report in our Summit.