Asian Metal visits Dechang Zhineng, JCC Rare Earth, Sichuan Wankaifeng and Mianning Qidian

On April 2, Mr. Carson Wang and Mr. Eric Qiu, the Sales Director and the Senior Analyst & Senior Product Manager of Rare Earth Industry Chain from Asian Metal visited Zhineng Rare Earth Co. of Dechang, Sichuan JCC Rare Earth Co., Sichuan Wankaifeng Rare Earth New Energy Technology Co. and Mianning Country Qidian Rare Earth High Technology Co., with pleasant meetings followed.

On the morning of April 2, Mr. Carson Wang and Mr. Eric Qiu visited Zhineng Rare Earth Co. of Dechang and had a meeting with Mr. Xinyou Zhou, the General Manager, Mr. Jie Xia, the Director of Sales Department and Ms. Irene Zhang, the Customer Manager. Mr. Xinyou Zhou led to visit the group’s sodium hydroxide production line, bastnaesite concentrate processing and rare earth extraction workshops. Mr. Eric Qiu introduced the supply of bastnaesite concentrate in China and imported bastnaesite concentrate from the United States, and analyzed the recent price trend of PrNd oxide, cerium oxide and lanthanum oxide. Mr. Xinyou Zhou expected Asian Metal to offer them accurate and detailed market information and the two sides to further cooperate in the future.

On the afternoon of April 2, Mr. Carson Wang and Mr. Eric Qiu first visited Sichan JCC Rare Earth Co., and had a warm communication with Mr. Ya Zhao, the Deputy General Manager, Mr. Jingyi Tan, the Director of Supply and Marketing Department and Mr. Hongliang Huang, the Sales Manager of the company. Mr. Ya Zhao and Mr. Jingyi Tan introduced their production status quo of rare earth mining and separation, and noted that they are enlarging production of NdFeB magnet and expanding rare earth polishing powder business. Mr. Eric Qiu introduced the markets of bastnaesite concentrate, PrNd mischmetal, cerium oxide and lanthanum oxide. The two sides discussed the impacts of imported rare earth concentrate from United States on Chinese market and related policies on rare earth industry. Mr. Yazhao stressed that Sichan JCC Rare Earth Co. has already cooperated with Asian Metal for near ten years and would actively support Asian Metal’s 12th Rare Earth Summit to be held in Hangzhou during May 27-28, 2021.

Then, Mr. Carson Wang and Mr. Eric Qiu visited Sichuan Wankaifeng Rare Earth New Energy Technology Co. and met with Mr. Libin Liu, the Vice President & Sales General Manager of the company. Mr. Libin Liu introduced their production status and the local policies on safety and environmental protection. Mr. Eric Qiu analyzed current PrNd oxide, cerium oxide and lanthanum oxide prices trend and market situation in China. The two sides also exchanged opinions on market development of PrNd oxide and PrNd mischmetal. Mr. Libin Liu expected Asian Metal to help him to expand sales channels of lanthanum oxide stocks. He stressed that the two sides need to enhance cooperation with each other and he would attend Asian Metal’s 12th Rare Earth Summit to be held in Hangzhou during May 27-28, 2021.

At last, Mr. Carson Wang and Mr. Eric Qiu visited Mianning Country Qidian Rare Earth High Technology Co. and had a pleasant talk with Mr. Xingqiang Liang, Chief Engineer, Mr. Guangjun Ma, Deputy General Manager and Mr. Wei Wang, General Manager Assistant. Mr. Xingqiang Liang introduced the processes of company's infrastructure construction and production and led to visit workshops of PrNd mischmetal, cerium metal, lanthanum metal and LaCe mischmetal. Eric Qiu analyzed the prices, supply and demand situation of related rare earth metals, and the two sides talked about the design, productivity and the new technology process of molten salt electrolytic cell. Mr. Wei Wang noted that with the company reaching target output, they started to take Asian Metals’ prices as a guidance of new contracts. He expected that the two sides would further enhance cooperation and hoped Asian Metal to support Qidian Rare Earth’s development.