Asian Metal visits Yaosheng Tungsten, Zhangyuan Tungsten, Nankang Kangfei Mining, Nankang Qianyu Mining and Ganzhou Qianshun New Materials

On June 30, 2023, Asian Metal sales director Mr. Hao Zhao and tungsten market analyst Ms. Alina Fang visited Jiangxi Yaosheng Tungsten Industry Co., Ltd., Chongyi Zhangyuan Tungsten Co., Ltd., Ganzhou Nankang Kangfei Mining Co., Ltd., Ganzhou Nankang Qianyu Mining Co., Ltd. and Ganzhou QIanshun New Materials Co., Ltd., and were warmly greeted by the companies.

On the morning of June 30, Mr. Hao Zhao and Ms. Alina Fang first visited Jiangxi Yaosheng Tungsten Industry Co., Ltd. and met with President of the company Mr. Huabin Guo, Vice General Manager Mr. Yuming Cui, Director of Raw Material Procurement Mr. Shanlin Qiu, and Sales Director Mr. Mingyou Guo. The two sides held in-depth view exchange and discussion on tungsten raw material supply and end market demand for tungsten alloy. Focusing on tungsten industry and having integrated operations including mining, beneficiation, processing, smelting, powder production, cemented carbide production and trading, Yaosheng Tungsten has a complete tungsten industrial chain ranging from primary products mining, intermediates smelting to production of end product cemented carbide. With a registration capital of RMB268.53 million (USD37.43 million) and total assets of RMB1.6 billion (USD223 million), the company now has nine production units (two directly controlled mines, three fully-owned mining subsidiary companies and four tungsten product processing plants), the company's main products include ammonium paratungstate (APT), tungsten powder and tungsten carbide powder of various granularities, cemented carbide spray mixtures, and high-performance rod products. It has existing annual production capacities including 3,000t of tungsten concentrate (with certain production of paragenic/associated minerals such as tin, molybdenum, copper, lead and zinc), 9,000t of APT, 6,000t of tungsten oxide, 4,000t of tungsten powder, 2,500t of tungsten carbide powder, 200t of cemented carbide spray mixture, and 300t of cemented carbide rod. Its brand Jinlong Yaosheng is awarded as famous trade mark in Jiangxi province, covering series of tungsten products including tungsten powder, tungsten carbide powder and tungsten oxide. Yaosheng Tungsten maintains long-term steady communication with Asian Metal in relation to tungsten raw material procurement and sales, and thinks highly of Asian Metal's objective, impartial and professional market information service.

Subsequently, Mr. Hao Zhao and Ms. Alina Fang visited Chongyi Zhangyuan Tungsten Co., Ltd (hereinafter referred to as Zhangyuan Tungsten) and met with Ms. Xiang Tang, Sales Director, Mr. Shigui Huang, Director of Marketing Department, Mr. Mingqi Guo, Manager of Purchasing Department, Mr. Mingxin Li, Manager of Powder Department, Mr. Bing Wu, Deputy Manager of Import and Export Department, and Mr. Liang Zeng, Manager of Alloy Department. Both parties discussed the end-user consumption of the tungsten powder and alloy in 2023 and exchanged views. Zhangyuan Tungsten is a group enterprise integrating the mining, smelting, milling of tungsten and cemented carbide production, deep processing and trade. The company has 94,600t of tungsten reserves under its mining rights. As of the end of 2022, it has 252 authorized patents, including 58 invention patents. The company has drafted or participated in the drafting of 29 national/industry standards, and has won 16 provincial and ministerial science and technology awards. Among them, the project of Complete Technology and Industrialization of Clean and Efficient Production of High Performance Tungsten Powder from Scheelite and Wolframite and the project of Integrated Innovation and Industrialization of Key Technologies and Equipment of Scheelite Green Smelting in Ammonium Salt System won the second prize of the National Science and Technology Progress Award. In 2022, the first phase of the company's ultra-high performance tungsten powder intelligent manufacturing project was completed and put into operation. In addition, the cemented carbide coated blades produced by its subsidiary Ganzhou Achteck Tool Technology Co., Ltd. (hereinafter referred to as Ganzhou Achteck) have been used by some customers to replace imported products from Europe and America, promoting the localization of tools in the equipment manufacturing industry. At the same time, Ganzhou Achteck continues to explore the international market, and its products are exported to more than 40 countries and regions, including Europe, America, Southeast Asia, Russia, Turkey, Japan and South Korea. As a long-term member of Asian Metal, Zhangyuan Tungsten maintains long-term and stable communication and cooperation with Asian Metal in the purchase and sales information of tungsten raw materials, and highly recognizes its timely, objective, and professional market consulting services.

On the afternoon of June 30, Mr. Hao Zhao and Ms. Alina Fang visited Ganzhou Nankang Kangfei Mining Co., Ltd., and met with the company's Chairman, Mr. Xuehai Huang and General Manager Mr. Yangcheng Huang as well as Mr. Shaolin Huang, the Chairman of Ganzhou Nankang Qianyu Mining Co., Ltd., Mr. Xuezhong Huang, the General Manager of Ganzhou Zhenghao Tin Co., Ltd. and Mr. Shaoxin Huang, the General Manager of Ganzhou Qianshun New Material Co., Ltd. They exchanged views on status quo and plans for the development of tungsten market in Nankang city. Focusing on tungsten business and integrating processing, metallurgy and production, Ganzhou Nankang Kangfei Mining has an annual production capacity of 8,000t of APT 88.5%min and an annual consumption capacity of 12,000t of tungsten concentrate. Ganzhou Nankang Qianyu Mining mainly engages in processing and marketing of tungsten, tin, bismuth, copper, nickel, lead and zinc and is able to supply 6,000t/y of APT 88.5%min. As a company specializing in the production of refined tin ingot, crude tin ingot and other products and the comprehensive utilization of national resources, Ganzhou Zhenghao Tin Co., Ltd. owns a complete and scientific quality management system with a designed production capacity of 6,000t/y. Adopting state-of-the-art metallurgical technology, the company is able to process 35,000t/y of tin scrap at the moment. Ganzhou Qianshun New Material mainly conducts the import of raw materials for tungsten, tin, tantalum, niobium and other products as well as the processing and marketing of these products in both domestic and international markets. Specializing in dressing and separation of tungsten-tin ore, tin-tantalum ore and other kinds of ores, the company has unique opinions on the dressing and separation of single-metal ores and multi-metal ores. Its annual purchase and sales volume for tungsten, tin and tantalum-niobium reaches 4,800-9,600 dry tons, 12,000-18,000 dry tons and 360-720 dry tons respectively.