Asian Metal visits Fugu Jinwantong, Fugu Jinchuan Hongtai Second Plant, Fugu Jinchuan Hongtai Magnesium Alloy, Fugu Jinchuan Magnesium

On 23 December of 2021, Mr. Hao Zhao, Sales Director and Ms. Daphne Zhang, Consultant & Senior Product Manager of Asian Metal, visited Fugu Jinwantong Magnesium Co., Ltd., Fugu Jinchuan Hongtai Magnesium Alloy Second Plant, Fugu Jinchuan Hongtai Magnesium Alloy Co., Ltd. and Fugu Jinchuan Magnesium Co., Ltd., and were warmly greeted by above companies.

Daphne Zhang and Hao Zhao first visited Fugu Jinwantong Magnesium Co., Ltd., and held in-depth discussion with Mr. Weizheng Su, the Sales Manager of the company, regarding the challenges and opportunities in magnesium industry in 2021. Considering the continuously tightening supply caused by strict environmental protection policy, as well as replenishments from clients, Mr. Su held bullish attitudes towards the market and planned to slow down their sales.

As a years-long partner of Asian Metal, Jinwantong has been referring to market information and prices provided by Asian Metal. Mr. Su 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 attend the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Then, Daphne Zhang and Hao Zhao visited Fugu Jinchuan Hongtai Magnesium Alloy Second Plant and had deep communication with Mr. Meng Li, the Sales Manager of the company, regarding the supply and demand in magnesium industry in 2021 and the challenges and opportunities 2022. Mr Li believed that magnesium ingot prices would keep increasing in Q1 2022 and magnesium producers in Fugu would face severe challenges then because the equipment that nearly 90% of magnesium refining companies use to produce gas could not meet the requirements under the policies of energy saving, security, and environmental protection.

As a long term partner of Asian Metal, Jinchuan Hongtai Magnesium Alloy Second Plant has been referring to market information and prices provided by Asian Metal. Mr. Li spoke 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. The company will attend the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Next, Daphne Zhang and Hao Zhao visited Fugu Jinchuan Hongtai Magnesium Alloy Co., Ltd. and discussed with Mr. Baolin Wang, the Vice President of the company, regarding the challenges and opportunities for magnesium industry in 2021. Under the national Dual Control Policy, price fluctuation for coal and ferrosilicon, and strict environmental control requirements in 2021, Jinchuan Hongtai actively responded to the national requirements and strived to guarantee their clients’ stable demand during the period.

As a member of Asian Metal for years, Jinchuan Hongtai has been using prices and other market information provided by Asian Metal to conduct sales activities. Jinchuan Hongtai spoke highly of objective, timely and professional information provided by Asian Metal and will attend the 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.

Finally, Daphne Zhang and Hao Zhao visited Fugu Jinchuan Magnesium Co., Ltd. and communicated with the company's President, Mr. Guangyao Wang, regarding the supply and demand for magnesium ingot in 2021 and the supply state under the strict environmental protection policy in 2022. With an annual production capacity of 20,000t, Jinchuan’s monthly output could reach about 1,600t.

As a years-long partner of Asian Metal, Jinchuan has been referring to market information and prices provided by Asian Metal. Mr. Guangyao 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. Jinchuan will attend 10th Magnesium Summit to be held by Asian Metal in Kunming on April 14-15, 2022.