Business Visits

On the afternoon of January 23rd, 2026, Mr. Qiao Ma, Chief Representative of the Beijing Office of Avani Resources Pte Ltd., along with Sales Manager Mr. Yan Li, visited Asian Metal and held a meeting with Mr. Friday Gao, Chief Consultant.

On the afternoon of 22nd January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Domel d.o.o. Suzhou Office and met Mr. Ales Leben, General Manager of Asia Division, and exchanged opinions on price trend and global supply prospect of NdFeB magnet.

On the afternoon of 22nd January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Kone Elevator Co. and held in-depth discussions with Mr. Mars Zhu, Purchase Director, and Ms. Yaozhen Cai, Purchase Manager of Motor Department, regarding price trend and demand outlook of NdFeB magnet.

On the morning of 22nd January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Suzhou ODL Building Materials Manufacturing Corporation and shared opinions with Mr. Derek Zhou, SCM Manager, and Mr. Steven Feng, Supply Chain Planer of the company, regarding NdFeB magnet price trend and rare earth raw material supply prospect.

On the morning of 22nd January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Suzhou Aichi Technology Co., Ltd. and met Ms. Lei Pei, General Manager, and Ms. Xuemei Xu, Procurement Director, and Mr. Fei Li, Procurement Manager. The both sides exchanged opinions about NdFeB magnet price trends.

On the afternoon of 21st January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Valeo Group China Headquarter and was warmly received by Mr. Liang Zeng, Group Segment Manager. The both sides shared opinions regarding global supply and demand pattern and price trend of NdFeB magnet.

On the morning of 21st January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Solvay Investment Co., Ltd. and was warmly received by Mr. Sébastien Meric, GBU Special Chem-Executive Vice President, Dr. Renaud Rohe, Project Director, Ms. Vivian Wei, Global Commercial Manager, Mr. Ken Sun, Account Manager, and Ms. Fan Jiang, Business Development Manager. The both sides held in-depth discussions regarding rare earth price trend and supply and demand pattern.

On the morning of 21st January, 2026, Ms. Vivian Pang, Rare Earth Market Senior Consultant of Asian Metal, visited Shanghai United Magnetics Co., Ltd. and held in-depth discussions with Ms. Jenny Zhang, General Manager, and Mr. Steven Wang, Manager of Division 5, of the company. Both sides exchanged views regarding the current demand and prospects of NdFeB magnet.

On the afternoon of January 16th, 2026, Mr. Dongmin Jiang, General Manager of Imerys (Zhejing) Zironia Co., and Mr. Tianrong Yao, Sales Director of the company, visited Asian Metal and had a friendly communication with Ms. Maggie Li, Zirconium Senior Market Analyst.

On the afternoon of January 14th, 2026, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Yunnan Lincang Xinyuan Germanium Industry Co., where they held a friendly discussion with Mr. Tony Zhao, the company's Marketing Director. Mr. Tony Zhao indicated that in 2025, the demand for germanium metal had diverged: demand for germanium used in solar applications increased with positive expectations, while civilian infrared demand faced significant substitution, leading to a nearly 50% year-on-year decrease in germanium usage for infrared applications, making the market outlook less optimistic.

On the afternoon of January 14th, 2026, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Yunnan Kaiyu Optoelectronic Technology Co., where they met with Mr. Ziming Wu, General Manager of the company. They engaged in discussions regarding the domestic upstream and downstream markets of the current germanium industry.

On the afternoon of January 14th, 2026, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Kunming Huiquan High-Purity Semiconducting Materials Co., where they met with Mr. Anxiong Tang, General Manager of the company, and Mr. Ruishan Li, General Assistant. Both sides engaged in in-depth discussions on the current supply and demand dynamics of the germanium market both domestically and internationally.

On the afternoon of January 14th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Anshan Yingfeng New Material Technology Co., Ltd. and met with General Manager Mr. Yong Dou. The two parties conducted detailed discussions on industry hot topics such as current mining policies, the phase-out of caustic calcined magnesia capacity, and recent price trends of electric fused magnesia, and exchanged views on the downstream demand outlook for 2026.

On the afternoon of January 14th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Anshan Junteng Refractory Co., Ltd. and met with General Manager Mr. Tiezhu Cui. Established in 2023, Anshan Junteng Refractory Co., Ltd. has rented seven 6,300kVA high-power electric arc furnaces from Anshan Wanli Magnesia Material Technology Co., Ltd. over the past two years, mainly producing electric fused magnesia and consistently maintaining a monthly output of around 6,000t.

On the morning of January 14th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Anshan Iron & Steel Metallurgical Furnace Lining Technology Co., Ltd.and met with Purchasing Director Mr. Feng Zhou and Purchasing Manager Mr. Xinhang Jiang. The two parties conducted in-depth discussions on the current supply situation of various refractory raw materials and the price trends for 2026.

On the morning of January 14th, 2026, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Yunnan Chihong International Germanium Co., where they were warmly received by Mr. Kang Yang, Director of the Marketing Department, and Mr. Haidong Qian, Deputy Manager of the Marketing Department. Both parties exchanged views on the current market conditions of germanium.

On the afternoon of January 13th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Liaoning Donghe New Materials Co., Ltd. and met with Vice Chairman Mr. Baohua Dong and Assistant to the Vice Chairman Mr. Jun Wang.

On the afternoon of January 13th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Haicheng Guotian Mining Co., Ltd. and met with Chairman Mr. Shengchun Bi and Sales General Manager Mr. Guangce Xu.

On the morning of January 13th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Liaoning Lirr Magnesia Composite Material Co., Ltd. and met with Sales Manager Mr. Yongyu Fan. The two parties reviewed the market price trends of dead burned magnesia and electric fused magnesia in 2025 and held detailed discussions on the current supply-demand situation.

On the morning of January 13th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Haicheng Haiming Mining Co., Ltd. and met with Sales Director Mr. Zhi Qiao. The two parties held detailed discussions on the current supply-demand situation and price trends of the high-purity magnesia market and exchanged views on the demand outlook of the downstream building materials industry in 2026.

On the afternoon of January 12th, 2026, Mr. Bang Liu, Magnesia & Graphite Market Analyst at Asian Metal, visited Liaoning Wanxin Technology Material Co., Ltd. and met with General Manager Mr. Jixiang Guo.

On the morning of January 12th, 2026, Mr. Bang Liu, Magnesia & Graphite Market Analyst at Asian Metal, visited Dashiqiao Jinhe Refractory Factory and met with General Manager Mr. Jinhe Xu.

On the morning of January 12th, 2026, Mr. Bang Liu, Magnesia & Graphite Market Analyst at Asian Metal, visited Yingkou Kaining Industry Co., Ltd. and met with General Manager Mr. Gang Wang.

On the afternoon of January 9th, 2026, Mr. Damon Shi, the Abrasives & Refractories Market Analyst at Asian Metal, visited Tianjin Comfort International Trade Co., Ltd. and met with the company's General Manager, Ms. Yali Zhang. The two sides held detailed communication regarding the 2025 bauxite export market and exchanged views on the 2025 international bauxite price forecast, as well as bauxite demand and price trends.

On the morning of January 9th, 2026, Mr. Damon Shi, the Abrasives & Refractories Market Analyst at Asian Metal, visited Jason Refractories (Tianjin) Co., Ltd., where he held in-depth discussions with General Manager Ms. Jinmiao Li regarding the fused alumina and bauxite markets in Europe and North America. Jason Refractories (Tianjin) Co., Ltd. has long-term cooperation experience with Asian Metal, highly recognizes its comprehensive and accurate market information, and spoke highly of the 8th International Refractories and Abrasives Summit they attended in Wuhan last year. Ms. Jinmiao Li stated they would actively participate in the 9th International Refractories and Abrasives Summit organized by Asian Metal in Hangzhou on May 7-8, 2026.

On the morning of January 9th, 2026, Mr. Damon Shi, the Abrasives & Refractories Market Analyst at Asian Metal, visited Tianjin Zexi Mineral Processing Co., Ltd. He held detailed discussions with Export Manager Mr. Ronghua Fan and Business Manager Mr. Hong Zhang regarding the 2025 bauxite export situation and the bauxite price market.

On the afternoon of January 9th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, met with colleagues from Shanghai Xinyinglei Metal Materials Co., Ltd., Shanghai Xihe Industrial Co., Ltd., Shanghai Yuguang Gold & Lead International Trade Co., Ltd., and SDIC Futures Co., Ltd. During the tea party, Mr. Alex Guo introduced the current raw material market situation and shared his judgment on market price trends. After introducing the preparation progress for the Tin Forum 2026 o be held by Asian Metal on April 23-24th, 2026 in Nanning, China, Mr. Alex Guo sent invitations to the colleagues attended.

On the morning of January 9th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, visited C&D Logistics (Shanghai) Co., Ltd. and met with Ms. Chenchen Wang, Deputy General Manager of the company, and Business Manager Ms. Xiaohua Cheng. Ms. Chenchen Wang introduced the company's current business situation and plans for expanding raw material-related business. Subsequently, Mr. Xiaohua Cheng inquired with Mr. Alex Guo about the current supply and demand situation in the tin market and his views on the prospects of the AI industry. Ms. Chenchen Wang stated that the company would actively participate in the Tin Forum 2026 to be held by Asian Metal on April 23-24th, 2026 in Nanning, China.

On the morning of January 9th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, Shanghai Chongyin Metal Materials Co., Ltd. and met with Mr. Shifa Wu, General Manager of the company. Both parties exchanged views on the current market situation and their judgment on future prices. Mr. Shifa Wu stated that he would actively participate in the Tin Forum 2026 to be held by Asian Metal on April 23-24th, 2026 in Nanning, China.

On the afternoon of January 8th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, visited Shanghai Linjun Metal Materials Co., Ltd. and met with Mr. Jiaqing Qian, General Manager of the company, and his business partners Mr. Cheng Wei and Mr. Rui Chen. Mr. Jiaqing Qian first introduced the company's current business scope. Both parties discussed the current price trends. Subsequently, Mr. Jiaqing Qian expressed the need to broaden tin ingot supply channels with the help of the Asian Metal platform and stated that the company would actively participate in the Tin Forum 2026 to be held by Asian Metal on April 23-24th, 2026 in Nanning, China.

On the afternoon of January 8th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, visited Jinchuan Qirun (Shanghai) International Trade Development Co., Ltd. and met with Mr. Zhen Wu, Tin Business Manager of the company. Mr. Zhen Wu exchanged views with Mr. Alex Guo on the development of the company's current trade business, hoping to actively expand business through the Asian Metal platform. Mr. Zhen Wu stated that the company would actively participate in the Tin Forum 2026 to be held by Asian Metal on April 23-24th, 2026 in Nanning, China.

On the afternoon of January 8th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, visited Shanghai Linsen Industrial Co., Ltd. and met with Mr. Haibin Zhou, General Manager of the company. Mr. Haibin Zhou introduced the current trade situation of the company and the production status of its parent company, Weitai Tin Industry, to Asian Metal. Both parties then exchanged views on the current market price trends. Mr. Haibin Zhou expressed his attention to the Tin Forum 2026 to be held by Asian Metal on April 23-24th, 2026 in Nanning, China.

On the afternoon of January 8th, 2026, Mr. Alex Guo, Tin Market Analyst of Asian Metal, visited Shanghai Xintou Enterprise Development Co., Ltd. and met with Mr. Chongqing Li, Tin Business Manager of the company. Mr. Chongqing Li introduced the basic situation of the company to Asian Metal. The company is a third-level wholly-owned subsidiary under the Xinjiang Commerce & Logistics (Group) Co., Ltd. (referred to as "the Group"), a state-owned Category I enterprise directly supervised by the SASAC of Xinjiang Uygur Autonomous Region. Since commencing business last year, the company has achieved considerable scale in tin ingot trade. Subsequently, both parties exchanged views on the current market situation. Mr. Chongqing Li stated that the company would actively participate in the Tin Forum 2026 to be held by Asian Metal on April 23-24th, 2026 in Nanning, China.

On the morning of January 5th 2026, Ms. Liwen Liang, Deputy General Manager of Capital Market Department (Institute of Industry and Finance), and Mr. Bihao Wang, Manager, visited Asian Metal and held discussions with Mr. Xianghua Wang, Aluminum Market Analyst; Ms. Daphne Zhang, Senior Magnesium Market Analyst; Mr. Alex Guo, Tin Market Analyst; and Ms. Bonnie Song, Lithium Market Analyst.

On the afternoon of December 27th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Shaanxi Sanxin Group Industrial Co., Ltd. Second Factory and held discussions with General Manager Mr. Lei Zhu regarding the ongoing challenges faced by magnesium producers in Shaanxi, particularly the persistent issues of coke oversupply and the price inversion of magnesium. Since the second half of 2025, as the price gap between magnesium and aluminum has widened and the substitution of magnesium for plastics and aluminum has advanced, the magnesium industry is entering a critical transition phase—shifting from "scale expansion" to "value chain upgrading."

On the afternoon of December 27th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Taida Coal Chemical Co., Ltd., and held in-depth discussions with Deputy General Manager Mr. Weifeng Wang and Foreign Trade Manager Mr. Haiyun Zhang regarding the supply and demand situation of the magnesium market in 2025 and the market outlook for 2026. Mr. Wang noted that in the short term, magnesium prices remain suppressed by high inventory and weak exports, with market sentiment still sluggish. In the medium to long term, as the price gap between magnesium and aluminum widens and the lightweight industry structure takes shape, the demand elasticity for magnesium is expected to significantly increase. By 2026, the industry landscape is poised to shift from a resource-driven “cost-oriented” model to a deep-processing model driven by “technology and application.”

On the morning of December 27th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Yide Magnesium Alloy Co., Ltd. and held in-depth discussions with Deputy General Manager Mr. Hui Wang on the current status and development trends of the magnesium industry. Currently, primary magnesium producers are generally considering industrial expansion, which is not only a tactical adjustment to cope with short-term price pressures but also a strategic necessity in response to the restructuring of the industry chain’s value. The profit margin in the upstream smelting segment continues to be squeezed, while the lightweight application demand in sectors such as new energy vehicles, aerospace, and 3C consumer electronics has surged, creating high-value opportunities. The model of solely producing magnesium ingots is no longer sustainable. Extending the business to magnesium alloy preparation and even further to the design and manufacturing of end-use components is a critical path to seizing discourse power in the industry chain and transforming raw material cost advantages into performance premiums for end products.

On the morning of December 27th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Fangzheng Magnesium Co., Ltd. and held discussions with Mr. Xin Zhang, the Deputy General Manager, regarding the current magnesium industry undergoing profound adjustments and transitional challenges. Primary magnesium producers are facing dual pressures from inverted coke prices and persistently low magnesium prices. However, the historically widened price gap between magnesium and aluminum has significantly enhanced magnesium’s cost-performance advantage across multiple application sectors, which is expected to serve as a fundamental economic driver for downstream substitution and demand expansion in 2026.Fugu Fangzheng Magnesium Co., Ltd. is a privately-owned enterprise specializing in the comprehensive utilization of coal, coke, electricity, and metallurgical resources. The company operates a 2×12 MW self-sufficient power generation line utilizing mixed combustion of coal gangue, coal slime, and raw gas, a 2×13,000 kVA ferrosilicon production line, a 900,000 t/year comprehensive coke utilization project, and a 20,000 t/year magnesium and magnesium alloy production line.

On the afternoon of December 26th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Dalian Sino Minerals Co., Ltd., where he met with Sales Director, Mr. Lei Chi. Both sides held detailed discussions on the price trends and export situation of various magnesia products in 2025 and exchanged views on domestic supply and overseas demand for 2026.

On the afternoon of December 26th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Haicheng Houying Economic & Trade Group Co., Ltd. Dalian Branch and was warmly received by General Manager, Mr. Zhujin He, and Foreign Trade Manager, Ms. Meiyu Luo. Mr. Zhujin He provided a detailed introduction to recent changes in magnesia export prices, overseas market demand for magnesia, and the current difficulties and challenges facing Chinese magnesia exports. Mr. Bang Liu shared his insights on the current global demand for magnesia and its development trends in 2026.

On the afternoon of December 26th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, first visited Jia County Hengfeng Magnesium Co., Ltd. and held discussions with the Chairman, Mr. Yanwen Xu on the production landscape of magnesium ingot in 2025 and the application prospects for 2026. In 2025, primary magnesium production exhibited a pattern of "regional concentration and profit pressure" amid high costs and environmental constraints. Entering 2026, as the price gap between magnesium and aluminum continues to widen, downstream industries such as two-wheeled vehicles and automotive die-casting are poised for a profound transition from "substitutive applications" to "strategic applications." Areas including integrated die-casting for new energy vehicles, structural components for energy storage systems, and high-end electronic housings will accelerate adoption due to their outstanding lightweight and economic advantages, driving the magnesium industry from upstream resource competition toward a new phase of downstream technology integration and value chain enhancement.

On the morning of December 26th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Wanxin Coal Electricity and Chemical Co., Ltd. and discussed with the Deputy General Manager, Mr. Baobao Quan for the current "cost dilemma" faced by Shaanxi magnesium plants—the inverted price of semi-coke, a key raw material, stands in stark contrast to the persistently low and fluctuating magnesium prices, profoundly revealing the profit squeeze and structural vulnerability in the upstream smelting segment. Entering 2026, the widening price gap between magnesium and aluminum will translate into strong economic momentum, fueling explosive growth in the magnesium die-casting industry. This industrial wave, ignited by the "price gap dividend," goes far beyond mere substitution; it represents a profound "lightweight revolution." With its excellent strength-to-weight ratio and vibration-damping properties, magnesium alloys are expanding from traditional component applications to new fields such as large integrated die-casting structural parts for new energy vehicles and high-end consumer electronics. This shift is elevating lightweighting from a singular goal of "weight reduction" to a systematic value innovation that enhances product performance, range, and design aesthetics. The cost pressures upstream are, in fact, accelerating the reshaping of the downstream industry chain and the value reassessment of magnesium as a strategic material.Adhering to market-oriented, entity-based operations, and industrial diversification, Fugu Wanxin Coal, Electricity, and Chemical Co., Ltd. invested 490 million yuan to build a 1.2 million-ton coal washing plant, a 900,000-ton semi-coke plant, and a 20,000-ton annual metal magnesium facility in the Dingjiahuopan Industrial Concentration Zone of Laogaochuan, Fugu. Following the development philosophy of "transformation, optimization, upgrading, and innovation," the park focuses on constructing circular economy industrial chains such as "raw coal - semi-coke - tar - gas" and "semi-coke - metal magnesium," aiming to achieve energy conservation, emission reduction, and comprehensive resource utilization.

On the morning of December 26th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Wanxin Coal Electricity and Chemical Co., Ltd. and discussed with the Deputy General Manager, Mr. Baobao Quan for the current "cost dilemma" faced by Shaanxi magnesium plants—the inverted price of semi-coke, a key raw material, stands in stark contrast to the persistently low and fluctuating magnesium prices, profoundly revealing the profit squeeze and structural vulnerability in the upstream smelting segment. Entering 2026, the widening price gap between magnesium and aluminum will translate into strong economic momentum, fueling explosive growth in the magnesium die-casting industry. This industrial wave, ignited by the "price gap dividend," goes far beyond mere substitution; it represents a profound "lightweight revolution." With its excellent strength-to-weight ratio and vibration-damping properties, magnesium alloys are expanding from traditional component applications to new fields such as large integrated die-casting structural parts for new energy vehicles and high-end consumer electronics. This shift is elevating lightweighting from a singular goal of "weight reduction" to a systematic value innovation that enhances product performance, range, and design aesthetics. The cost pressures upstream are, in fact, accelerating the reshaping of the downstream industry chain and the value reassessment of magnesium as a strategic material.Adhering to market-oriented, entity-based operations, and industrial diversification, Fugu Wanxin Coal, Electricity, and Chemical Co., Ltd. invested 490 million yuan to build a 1.2 million-ton coal washing plant, a 900,000-ton semi-coke plant, and a 20,000-ton annual metal magnesium facility in the Dingjiahuopan Industrial Concentration Zone of Laogaochuan, Fugu. Following the development philosophy of "transformation, optimization, upgrading, and innovation," the park focuses on constructing circular economy industrial chains such as "raw coal - semi-coke - tar - gas" and "semi-coke - metal magnesium," aiming to achieve energy conservation, emission reduction, and comprehensive resource utilization.

On the morning of December 26th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Wanxin Coal Electricity and Chemical Co., Ltd. and discussed with the Deputy General Manager, Mr. Baobao Quan for the current "cost dilemma" faced by Shaanxi magnesium plants—the inverted price of semi-coke, a key raw material, stands in stark contrast to the persistently low and fluctuating magnesium prices, profoundly revealing the profit squeeze and structural vulnerability in the upstream smelting segment. Entering 2026, the widening price gap between magnesium and aluminum will translate into strong economic momentum, fueling explosive growth in the magnesium die-casting industry. This industrial wave, ignited by the "price gap dividend," goes far beyond mere substitution; it represents a profound "lightweight revolution." With its excellent strength-to-weight ratio and vibration-damping properties, magnesium alloys are expanding from traditional component applications to new fields such as large integrated die-casting structural parts for new energy vehicles and high-end consumer electronics. This shift is elevating lightweighting from a singular goal of "weight reduction" to a systematic value innovation that enhances product performance, range, and design aesthetics. The cost pressures upstream are, in fact, accelerating the reshaping of the downstream industry chain and the value reassessment of magnesium as a strategic material.Adhering to market-oriented, entity-based operations, and industrial diversification, Fugu Wanxin Coal, Electricity, and Chemical Co., Ltd. invested 490 million yuan to build a 1.2 million-ton coal washing plant, a 900,000-ton semi-coke plant, and a 20,000-ton annual metal magnesium facility in the Dingjiahuopan Industrial Concentration Zone of Laogaochuan, Fugu. Following the development philosophy of "transformation, optimization, upgrading, and innovation," the park focuses on constructing circular economy industrial chains such as "raw coal - semi-coke - tar - gas" and "semi-coke - metal magnesium," aiming to achieve energy conservation, emission reduction, and comprehensive resource utilization.

On the morning of December 26th, 2025, Ms. Daphne Zhang, the Consultant & Senior Product Manager of Asian Metal, visited Fugu Jinchuan Magnesium Co., Ltd. and held in-depth discussions with the General Manager, Mr. Guangyao Wang on the supply and demand status of metal magnesium in 2025, as well as the market demand and price trends for 2026. Entering 2026, a structural transformation driven by the convergence of technology, cost, policy, and demand is quietly taking shape. For industry participants, the challenge lies in bridging the technological and order gaps across different application fields. Meanwhile, the opportunity lies in who can take the lead in achieving breakthroughs in high-end applications, securing the most advantageous position in this round of "material value reassessment," and jointly welcoming a truly "magnesium" bright era.

On the afternoon of December 25th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Liaoning Wancheng Magnesium Group Co., Ltd. and met with Deputy General Manager, Mr. Guochen Dong. Both sides communicated in detail regarding the current supply situation of Liaoning ore, the phasing out of CCM reflection kilns, and the progress of constructing new furnaces such as rotary kilns and suspension kilns. Mr. Guochen Dong stated that tightening ore supply and the large-scale elimination of reflection kilns would certainly push up light-burned magnesia prices, further increasing production costs for high-purity magnesia and large crystal fused magnesia.

On the afternoon of December 25th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Yulin Magnesium (Group) Co., Ltd. She engaged in in-depth discussions with Deputy General Manager Mr. Daniel Chu and Sales Director Mr. Zhenguo Yang regarding the supply and demand dynamics of the magnesium market in 2025 and the global landscape and application prospects for 2026. In 2025, while base metals such as copper and aluminum took center stage in the global market's macro narratives and supply-demand dynamics, experiencing intense price fluctuations, magnesium remained largely on the sidelines in a state of near "strategic silence." Looking ahead to 2026, magnesium alloys, magnesium alloy particles, and high-end magnesium-based materials stand on the brink of industrial expansion, driven by the structural lightweighting revolution spurred by integrated die-casting in new energy vehicles and the growing demand for enhanced performance and user experience in the wave of electric two-wheeler adoption.

On the afternoon of December 25th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Xintian Magnesium Alloy Co., Ltd. She held discussions with General Manager Mr. Haibo Su regarding the cost situation and development prospects of magnesium plants in Shaanxi. Mr. Su stated that the magnesium industry is currently at a major historical inflection point, transitioning from cost competition to value creation and moving from cyclical fluctuations toward structural growth. The widening magnesium-aluminum price gap is not only a short-term substitution window but also a significant transformation that triggers a shift in downstream design thinking, accelerating the transition of magnesium alloys from "optional" to "essential." Furthermore, the dual engines of two-wheeler and new energy vehicle applications represent how industry practitioners are redefining the future boundaries of magnesium as a strategic material through deep innovation in lightweight and integrated design.

On the afternoon of December 25th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Yulin Tianlong Magnesium Co., Ltd. She engaged in in-depth discussions with Deputy Chairman Mr. Jie Chen and Sales Director Mr. Li Yang regarding industrial extension. The magnesium industry in Shaanxi is currently at a historic strategic inflection point. Leveraging significant resource and energy cost advantages, Shaanxi-based magnesium plants have long established their position as a global primary magnesium supply base. However, in the face of structural changes in downstream applications and the redistribution of industry value, the production of magnesium ingots alone is no longer sufficient to support sustainable development. Extending the industrial chain from magnesium ingots to magnesium alloys represents a systemic value leap critical to survival and upgrading.

On the morning of December 25th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Shaanxi Sanxin (Group) Industry Co., Ltd. She held discussions with Deputy General Manager Mr. Lin Yang on the core trends of the magnesium industry, focusing on the demand growth driven by the "magnesium-aluminum price gap" and the "two-wheeler application." The "continuously widening magnesium-aluminum price gap" serves as the most direct catalyst triggering the substitution process. Behind this trend lies the first prominent cost-performance advantage of magnesium, as the lightest structural metal material, in broad commercial applications. Furthermore, the "upgrading of two-wheelers" provides the first application scenario poised for large-scale expansion, which will become a "demonstration project" with significant exemplary effects. As a regional industry leader, Sanxin's development path reflects this trend. Leveraging Shaanxi's resource and energy advantages, the company has stabilized its supply foundation through industrial chain integration and technological transformation, while proactively investing in downstream deep processing and application research—a strategic choice to meet the competition of the new era.

On the morning of December 25th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Haotian Coal Metallurgy Chemical Co., Ltd. She engaged in discussions with Deputy General Manager Mr. Huicheng Wang and Sales Deputy Minister Mr. Yanlong Zhang regarding the magnesium price trend throughout 2025, which experienced a process from low-level fluctuations to moderate upward movement. In 2026, the magnesium industry is expected to usher in a favorable situation characterized by "demand expansion, supply optimization, and price recovery." The core market contradiction will shift from "resolving overcapacity" to "how to meet the demand for high-quality growth." Enterprises that take the lead in completing capacity upgrades, technological iterations, and can collaborate with downstream strategic customers for innovation will reap the greatest benefits from the industry's development.

On the morning of December 25th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium, Bismuth, Germanium, and Gallium Market Analyst, visited Guangxi Yusheng Germanium Industry High-tech Co., where they engaged in in-depth discussions with Mr. Qing Yan, Deputy General Manager of the company, Ms. Qiman Huang, Marketing Department Manager, and Mr. Xinquan Huang, Imported Ore Business Assistant, regarding the supply and demand dynamics of the germanium market.

On the morning of December 25th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium, Bismuth, Germanium, and Gallium Market Analyst, visited Guangxi Nandan Nanfang Nonferrous Co. and met with Ms. Sheng Huang, Manager of the Business Operations Department. They engaged in in-depth discussions on the current market trends of indium and bismuth.

On the morning of December 25th, 2026, Mr. Bang Liu, Magnesia Market Analyst at Asian Metal, visited Xiuyan Wanrun Magnesium Products Factory and met with General Manager, Mr. Ye Huang. Both sides held detailed discussions regarding the current supply and demand situation for light-burned magnesia and the relevant policies on phasing out reflections kilns. They also exchanged views on the price trends for 2026. Mr. Ye Huang noted that the comprehensive shutdown of CCM reflection furnaces would inevitably lead to short-term supply shortages, thereby driving up prices, with feed-grade caustic calcined magnesia granules being the most significantly affected.

On the afternoon of December 24th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Yufeng Magnesium Alloy Co., Ltd., holding in-depth discussions with Mr. Shaowen Wang, General Manager, on the supply-demand situation of the magnesium industry in 2025 and demand growth drivers for 2026. Over the past year, nonferrous metals such as copper and aluminum have experienced repeated volatility amid macro narratives and supply-demand dynamics, with prices remaining elevated. In contrast, the magnesium market has shown a striking “silence,” with prices lingering at low levels near cost lines. Looking ahead to 2026, from the structural revolution of integrated die casting in new energy vehicles to the wave of lightweight upgrades in electric two-wheelers, magnesium alloys and magnesium-based materials such as alloy granules present broad application prospects. The magnesium industry is poised to build momentum, with a promising outlook ahead.

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.

On the afternoon of December 24th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Yihe Magnesium Co., Ltd., where she exchanged views with Mr. Heping Hao, Deputy General Manager, on the supply-demand dynamics of the magnesium industry in 2025. Primary magnesium prices showed signs of bottoming out and stabilizing toward year-end. Under cost pressures, some enterprises chose to extend their value chains or suspend and curtail production, leading to subtle shifts in the supply-demand structure and laying the groundwork for recovery in 2026.

On the afternoon of December 24th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited visited Nandan Jilang Indium Co. and were warmly received by Mr. Xiaozhong Tong, General Manager, and Mr. Huawei Zhang, Deputy General Manager. Both sides engaged in in-depth discussions on the current indium market situation and future trends.

On the afternoon of December 24th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Guangxi Yintai Technology Co. and discussed the domestic upstream and downstream markets for indium and indium products with Mr. Qi Zhang, Deputy General Manager.

On the morning of December 24th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Jingfu Coal Chemical Co., Ltd., where she held in-depth discussions with Mr. Dong Shi, General Manager, Mr. Wei Liu, Sales Director, and Mr. Daoyi Zhou, Sales Supervisor, on the current supply-demand situation of the magnesium market and trends for 2026. Mr. Dong Shi noted that a new round of equipment upgrading is imminent, requiring substantial investment and long-term commitment for primary magnesium plants. Coupled with the current price inversion and severe sluggishness in the semi-coke market, losses among magnesium producers have widened. Nevertheless, he expressed firm confidence that after enduring this phase of cyclical pain, the industry will usher in a broader wave of application expansion and development.

On the afternoon of December 24th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited visited Nandan Jilang Indium Co. and were warmly received by Mr. Xiaozhong Tong, General Manager, and Mr. Huawei Zhang, Deputy General Manager. Both sides engaged in in-depth discussions on the current indium market situation and future trends.

On the morning of December 24th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Guangxi Debang Technology Co., where they met with Mr. Yi Liang, General Manager, and Mr. Min Huang, Deputy General Manager. Both parties exchanged views on the current indium market situation.

On the morning of December 24th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Arthur Yang, Indium Bismuth Germanium Gallium Market Analyst, visited Guangxi Crystal Union Photoelectric Materials Co., where they were warmly received by Mr. Shicheng Huang, General Manager of the company.

On the afternoon of December 19th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited Henan Fude Technology Co. and met with General Manager Mr. Hongwei Zhang, who introduced that they focus on aluminum fluoride production and increased export market share from this year due to the oversupply in Chinese domestic market. He expressed confidence in the export demand and plans to expand the business in the coming year. Mr. Friday Gao discussed demand growth in India and the Middle East and analyzed the global production supply. Mr. Hongwei Zhang mentioned that they refer to Asian Metal's index for aluminum fluoride exports and look forward to strengthening cooperation with Asian Metal in the future.

On the afternoon of December 19th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited Henan Chuanwang Mining Co. and had a meeting with Deputy General Manager Mr. Chaofeng Shangguan, who explained that they focus on Chinese domestic bauxite trading now and plan to start with imported bauxite since the domestic bauxite supply becomes tight. Mr. Friday Gao analyzed the current growth in bauxite supply from Africa and Europe, as well as recent price trends. Mr. Chaofeng Shangguan expressed his intention to attend the 16th Aluminum Raw Materials Summit to be held by Asian Metal on May 28-29th, 2026 in Haikou, China to connect more global bauxite suppliers.

On the morning of December 19th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited Henan Ronda Mining Co. and met with Deputy General Manager Mr. Junpo Wang. Mr. Junpo Wang introduced that they focus on bauxite processing with the annual production capacity of 2 million tonnes and began bauxite import business a year ago. They expressed interest in overseas monohydrate bauxite resources and plan to expand the business in 2026. Mr. Friday Gao introduced the bauxite supply structure from Turkey, Montenegro and Pakistan. Mr. Junpo Wang mentioned that they refer to the bauxite market reports published by Asian Metal and hope to strengthen cooperation and explore overseas business on the 16th Aluminum Raw Materials Summit to be held by Asian Metal on May 28-29th, 2026 in Haikou, China.

On the afternoon of December 18th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited Kaiman Aluminum (Sanmenxia) Co. and met with Mr. Hongyu Han, Domestic Bauxite Purchase Director.

On the afternoon of December 18th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited visited Sanmenxia Changye Supply Chain Management Co., where he met with General Manager Mr. Longbao Duan.

On the morning of December 18th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited Henan Pingsheng Import & Export Co. and met with President Mr. Xiangdong Huo, who introduced that they plan to start with imported bauxite business based on supply sources from India.

On the morning of December 18th, 2025, Mr. Friday Gao, Chief Consultant of Asian Metal, visited Henan Energy & Chemical Group Supply Chain Co., where he met with Mr. Wenlin Liu, Senior Department General Manager.

On December 18th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Alex Guo, Tin Market Analyst, visited Guangxi Huaxi Nonferrous Metal Co., Ltd. and were warmly received by Mr. Xiaoning Zhang, Chairman, Mr. Xinyu Li, General Manager, Mr. Feng Zhang, Deputy General Manager, and Mr. Zuoming Qin, Director of Marketing Management.

On December 17th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Alex Guo, Tin Market Analyst, visited Hunan Xianghualing Tin Industry Co., Ltd. and were warmly received by Mr. Jinguang Jiang, Chairman of the company, and Mr. Jiang Li, Deputy General Manager.

On the afternoon of December 16th, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Bang Liu, Graphite Market Analyst, visited Qingdao Baohua New Material Technology Co., Ltd. (Qingdao Jinhui Graphite Co., Ltd.) and held a friendly exchange with Mr. Guigang Wang, General Manager, and Mr. Shanyong Cao, Chief Engineer.

On the morning of December 16, 2025, Mr. Hao Zhao, Sales Director of Asian Metal, and Mr. Bangxian Liu, Graphite Market Analyst, visited Jinan Yuxiao Group Co., Ltd. They met with Ms. Shanshan Sun, Sales Manager, Ms. Wei Sheng, Sales Manager, and Mr. Mingchao Zhu, Sales Manager.

On the afternoon of December 12th, 2025. Mr. Kevin Kaushal Kadel, Chief Representative of Minchem Impex Singapore Co. Tianjin Representative Office, and Assistant Ms. Helen Yuan, visited Asian Metal. They had a meeting with Mr. Friday Gao, Chief Consultant, Ms. Daphane Zhang, Magnesium Market Consultant and Ms. Scarlett Su, Manganese Market Analyst.

On the afternoon of December 5, Mr. Friday Gao, Chief Consultant of Asian Metal visited Shandong Xinye Mineral Tech. Co. and had a meeting with General Manger Mr. Xinchun Zhang.

On the morning of December 5, Mr. Friday Gao, Chief Consultant of Asian Metal visited Shandong Innovation Group Co. and had a meeting with Mr. Xingsheng Huang, Director of Operation Center, and Mr. Quan Cao, Deputy General Manager.

On the morning of December 5, Mr. Friday Gao, Chief Consultant of Asian Metal, visited China Mining International Supply Chain Management Co. and had a meeting with Mr. Tao Wang, General Manager and Ms. Congcong Zhang, Deputy General Manager.