Asian Metal visits Shanxi Bada, Shanxi Wulong, Shanxi Kaixiangwei and other magnesium companies

On 5 December of 2019, Consultant & Senior Product Manager of Asian Metal, Ms. Daphne Zhang visited Shanxi Bada Magnesium Co., Ltd., Shanxi Wulong Investment Group and Shanxi Kaixiangwei Metal Material Co., Ltd., and was warmly greeted by above companies.

On the morning of 5 December, Ms. Daphne visited Shanxi Bada Magnesium Co., Ltd., and discussed about the market supply and demand status for magnesium ingot and magnesium alloy, environmental requirements and equipment upgrading and also about the market outlook for magnesium industry in 2020. Commenting on the usage of reduction retorts, the outstanding advantage is that it solves the bottleneck of human resources. In addition, it also has some new problems, such as usage of center tank, the strength of the ball's gravity. Therefore, we also confront some issue in using the vertical retort. Actually, investment is the easiest problem, management team and defect problem solving are the challenges to meet. Anyway, the popularity of vertical retort is still an irreversible trend to produce magnesium ingot in the future time. In addition, quality and continuous improvement of service are elements to ensure the stable market and high-quality clients.

Under Wanfeng Auto Holding Group, Shanxi Bada Magnesium Co., Ltd. is a direct subsidiary of Meridian Canada that is engaged in auto parts, intelligent robot, new materials, financial investment, general aviation and other fields. With seven production bases and five R&D centers in the United States, Canada, United Kingdom, Czech, India, Mexico and other countries, the company is one of China's top 500 private companies and a world's leader in magnesium alloy manufacturing and application. As the audited supplier of GM, Ford, Volkswagen, BWM, Range Rover, Tesla and other top brands, the company expects to use 100,000 tons of magnesium alloy per annum. Owning more than 1,000 employees and an annual production capacity of over 35,000 tons of magnesium ingot and 25,000 tons of magnesium alloy, it's a benchmarking enterprise and the largest plant in Chinese magnesium metal industry. It's also a magnesium metal producer integrating ore mining, logistics, magnesium metal smelting and alloy production that is rarely seen in China.

As a years-long partner of Asian Metal, Bada has been referring to market information and prices provided by Asian Metal for long. Mr. Yingwei Liu 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.

Later, Ms. Daphne visited Shanxi Wulong Investment Group and talked with Mr. Binhong Zhang, Sales Manager from Wulong about the production cost, market demand and environmental protection. With an annual production capacity of 60,000t, Wulong uses vertical kiln to produce calcined dolomite and their monthly output for magnesium ingot is 1,800t now. They plan to increase the volume to 2,700t from next March and they have no pressure on selling. In addition, Ms. Daphne visited their vertical kiln, reduction workshop and refining workshop.

Mr. Binhong Zhang thought highly of objective, fair and timely market information provided by Asian Metal and has great interests in attending the 9th Magnesium Summit to be held by Asian Metal in Hangzhou on April 16-17, 2020.

Afterwards, Ms. Daphne visited Shanxi Kaixiangwei Metal Material Co., Ltd., and had a close discussion with Mr. Yalin Deng, General Manager, Mr. Xiaokun Yang, Sales Manager and Foreign Saleswoman, Ms. Jie Ning. With a regular monthly trading volume of about 2,000t, Kaixiangwei mainly concerns with the export and domestic trading business for magnesium ingot. Entering 2019, due to fluctuation of exchange rate and prices in Chinese domestic market, they got tiny profits and also hold cautious attitudes towards the market trend. In addition, they also plan to develop the business for silicon and electrolytic manganese. Kaixiangwei thought highly of objective, fair and timely market information provided by Asian Metal and will attend the 9th Magnesium Summit to be held by Asian Metal in Hangzhou on April 16-17, 2020.

At last, Ms. Daphne visited Mr. Chong Guo, General Manager of Wenxi Gufengze Trading Co., Ltd., Mr. Chonghua Li, General Manager of Shanghai Kunhe Metal Material Co., Ltd. and Mr. Weijie Wang, General Manager of Wenxi Chengyouyuan Trading Co., Ltd. The related insiders plan to attend the 9th Magnesium Summit to be held by Asian Metal in Hangzhou on April 16-17, 2020.