Asian Metal visits Jiangxi Rare Earth & Rare Metals Tungsten Group Imp & Exp

On 20th Mar, 2013, Daly Lu, the analysis of Minor Metal Dept. in Asian Metal, visited Jiangxi Rare Earth & Rare Metals Tungsten Group Imp & Exp Co., Ltd. and shared tungsten market information and opinions with Mr. Liao Xingeng, who is the chairman of the board, Mrs. He Hong, who is the deputy general manager, Li Hui, Zhu Shuai, Chen Ling and Zhao Lifang.

Jiangxi Rare Earth & Rare Metals Tungsten Group Imp & Exp Co., Ltd., established in March 2005, is a wholly owned subsidiary of Jiangxi Rare Metals Tungsten Group Holding Co., Ltd. It is one of the large industrial conglomerates in Jiangxi Province. It is an important tungsten resources enterprise. Jiangxi Rare Earth & Rare Metals Tungsten Group Imp & Exp Co., Ltd. mainly export the materials to the overseas market.

As the demand remained weak, the Chinese tungsten market ran slowly in 2012. Although the tungsten market moved up slightly after the Chinese Spring Festival holiday, the trading volume did not recover. The offers increased, but the transaction prices kept at low level. When the real demand from the downstream markets recovers, the tungsten market will rebound. Chinese ferrotungsten market continues to be dull. Furthermore, the Vietnamese ferrotungsten swarms into the European market, and it is hard for the Chinese ferrotungsten to be exported. Chinese ferrotungsten market runs with difficulties.

Jiangxi Rare Earth & Rare Metals Tungsten Group Imp & Exp Co., Ltd. appreciated Asian Metal, and expected Asian Metal could focus on the object and fair market analyst in the future. Furthermore, they make suggestions to Asian Metal about the product development.