Asian Metal visits Fugu Jinwantong

On the afternoon of December 24th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Jinwantong Magnesium Industry Co., Ltd., holding discussions with Mr. Weizheng Su, Sales Director, and Mr. Feng Wang, Sales Manager, on the magnesium market situation and price trends in the fourth quarter of 2025. Both sides agreed that magnesium producers are currently under pressure from cost-price inversion, resulting from the combined effects of a cyclical industry trough, structural supply-demand mismatch, and pessimistic market sentiment. The year 2026 will be a critical validation year for the magnesium industry. Current low prices effectively provide a rare “cost safety cushion” for large-scale downstream trials. In an extreme manner, the market is compelling upstream and downstream participants to reassess magnesium’s full life-cycle value. For well-prepared enterprises, this represents not only a challenge but also a strategic window to unlock new applications through technology and services.

Founded in 2003, Fugu Jinwantong Magnesium Industry Co., Ltd. is a circular economy enterprise characterized by comprehensive resource utilization and environmental protection. Located in the Gaoshan Semi-coke Industrial Cluster, Xinmin Town, in the heart of the Shenfu Coalfield, the company leverages abundant local coal resources and follows a large-scale, diversified, and integrated development model. It has built an integrated production system comprising 900,000 tpy of semi-coke, 40,000 tpy of primary magnesium, three 31,500 kVA ferrosilicon furnaces, two 50 MW gas co-firing power units, and a 2.4 million tpy coal washing facility. Its main products include magnesium ingots, magnesium powder, magnesium alloys, semi-coke, washed coal, coal tar, and ferrosilicon. With stable quality and strong customer trust, the company has established long-term cooperation with multiple large state-owned enterprises.

Jinwantong Magnesium Industry recognizes the Asian Metal Magnesium Summits and will actively participate in the 14th International Magnesium Summit to be held by Asian Metal in Chengdu, China on April 16-17th, 2026.