LX International visits Asian Metal

On the morning of April 14, Mr. Yong Bum Cho, Professional of Metal Materials Team from LX International, and Mr. Leo Li, Professional of New Project Investment from LX International Qingdao Office, visited Asian Metal and held a meeting with Mr. Friday Gao and Mr. Xianghua Wang, Chief Consultant and Analyst of Aluminum Market.

First of all, both parties exchanged views on the bauxite market. Mr. Leo Li noted that LX International shows interest in bauxite mining investment in Guinea and has carried out investigations on many projects. Given the bauxite export ban from Indonesia and increased demand from China, they are confident in bauxite investment in Guinea. Mr. Friday Gao analyzed the bauxite production capacity and operation in Guinea and introduced several new projects and potential investing opportunities. Meanwhile, he summarized the demand from China.

Then both parties conducted communication with regard to nickel sulfate market. Mr. Yong Bum Cho noted that LX international plans to find partners from China to process battery grade nickel sulfate for them because of the competitive production cost from China. Mr. Xianghua Wang firstly introduced the Chinese battery grade nickel sulfate production by regions in detail as well as the supply and demand in China, and then introduced new electrodeposited nickel projects globally in the coming two years.

On behalf of LX International, Mr. Li will attend the Aluminum Raw Materials Summit organized by Asian Metal on May 18-19 in Xiamen, and hopes to meet more global bauxite miners for investment opportunities.