Asian Metal visits Haoren Technology, Chongyang Vanadium Group, Earth Vanadium Research Institute, Chongyang Yongheng Vanadium

On January 13, 2022, Mr. Hao Zhao, the Sales Director of Asian Metal, and Mr. Jambo Jiang, the Vanadium Market Analyst of Asian Metal, visited Hubei Haoren Technology Co., Hubei Chongyang Vanadium Group Co., Chongyang Earth Vanadium Research Institute, Chongyang Yongheng Vanadium Co., and were warmly received by the above enterprises.

On the morning of January 13th, Mr. Hao Zhao and Mr. Jambo Jiang first visited Hubei Haoren Technology Co. and had an in-depth exchange with Mr. Hongwu Zhang, the General Manager of the company, regarding the current market demand and prices of vanadium pentoxide flake, ammonium metavanadate and vanadium nitride. Haoren Technology is located in the Chongyang Vanadium Industry Base and mainly engages in trade of various vanadium products with major steel mills in China. Afterwards, the two sides jointly met Mr. Yachi Wang, the Chairman of Chongyang Vanadium Group Co., and exchanged views and discussions on current status and outlook of vanadium battery and high purity vanadium markets. Chongyang Vanadium Group aims at forming a joint force of vanadium enterprises in Chongyang to stimulate the collective market competitiveness and jointly build a industrial cluster worth tens of billions China Yuan. The group already promoted the construction of two spent vanadium catalyst extraction projects to increase the self-sufficiency of raw materials in Chongyang area, and plans to build professional high-purity vanadium production lines to support vanadium battery industry layout. Mr. Zhang and Mr. Wang spoke highly of Asian Metal's independent, objective, and high quality market information which is based on forefront market investigation, and hope to further strengthen the cooperation with Asian Metal in the future.

Later, Mr. Hao Zhao and Mr. Jambo Jiang visited Chongyang Earth Vanadium Research Institute, and exchanged views with Mr. Liya Ding, the General Manager of the company, on the development status and trend of high purity vanadium pentoxide production by extraction from vanadium-bearing wastes. Mr. Ding indicated that the vanadium alloy market demand increase, which greatly subjects to steel industry, remains unclear in the future, and the main demand increase in vanadium industry comes from the demand for high purity vanadium products from vanadium battery industry. Mr. Ding has been deeply engaged in the field of high purity vanadium for more than 40 years, and has won a number of vanadium-related patents. The high purity vanadium products produced by the company stand in the leading postion in China. Mr. Ding highly praised the objective, timely, and fair vanadium market information of Asian Metal and hoped to maintain close cooperation with Asian Metal in the rapidly-changing vanadium market.

On the afternoon of January 13, Mr. Hao Zhao and Mr. Jambo Jiang visited Chongyang Yongheng Vanadium Co. and had an in-depth communication regarding various production technologies, testing methods, product quality control, pricing methods and other aspects of ammonium metavanadate with Mr. Zhigong Hong, the Chairman of the company, and Mr. Hongfu Liu, the General Manager of the company. Both sides achieved consensus on the optimistic expectation of vanadium chemical market in the first half of 2022. Yongheng Vanadium mainly produces vanadium pentoxide powder 98%min-99.5%min with a monthly output of around 60t, ammonium metavanadate, sodium metavanadate and other vanadium chemical products, which are widely applied in vanadium-aluminum alloy, catalyst, ceramic pigment and other industries. Yongheng Vanadium highly recognized the working mode of Asian Metal's market information which is based on production technology and actual investigation, and plans to keep deepening the cooperation with Asian Metal.