Marubeni Corporation visits Asian Metal

On August 21th, Mr. Xia Danping, a salesman in Chemical department of Marubeni Corporation, visited Asian Metal and sought expert views with Vivian Pang, rare earth market analyst of Asian Metal, on rare earth market.

Mr. Jia mainly pays attention to light rare earth market. Vivian introduced current Chinese light rare earth market to him in details. According to Vivian, Chinese light rare earth market sees flat tendencies at present. Purchasers lack interest in rebuilding stocks. However, separation plants and smelters reported meager profit and some of them were in deficit. Therefore, producers prefer to hold stocks rather than accept price declines. Mr. Jia conveyed that Japanese purchasers adopt hand-to-mouth purchasing strategy. Some consumers in Japan turn to suppliers outside China to reduce purchasing cost. The both sides also exchanged opinions on the demand and supply in light rare earth and the market tendencies in the coming 3-4 months.

Marubeni Corporation, which was founded in 1858, is a representative comprehensive corporation in Japan. The corporation is one of the top five Japanese comprehensive companies and is engaged in domestic and Imp. &Exp. Trading. The corporation owns 126 overseas offices and 459 investment enterprises.