Zhuzhou Cemented Carbide Group visits Asian Metal

On the morning of October 18, Mr. Wang Wei, Director of Powder Business Department of Zhuzhou Cemented Carbide Group Co., Ltd. and Mr. Cui Changdong, General Manager of Beijing Huashenghui Metallic Materials Co., Ltd. visited Asian Metal. They met and held in-depth discussions with Asian Metal tungsten analyst Thea Tian on topics including post-Fanya-case fluctuations in raw material prices, end demand for cemented carbide and price trend in the short term on tungsten powder. The visitors also met and exchanged views with Asian Metal cobalt analyst Monica Cao on demand from the cemented carbide industry for cobalt powder, production techniques of cobalt powder and cobalt price fluctuations in the fourth quarter.

Zhuzhou Cemented Carbide Group is compared to the cradle of China's cemented carbide industry. Located in Zhuzhou city, Hunan province which is the transportation hub of South China, the company was built in 1954 as one of the 156 national key programs during China's first Five-year Plan, and became a subsidiary company of China Minmetals, one of the world's top 500 companies. As a large-sized company on cemented carbide production, research, operation and export in China, Zhuzhou Cemented Carbide Group has six product categories including metallic cutting tools, mining and drilling tools used in mines and oil fields, cemented materials, tungsten and molybdenum products, tantalum and niobium products, and rare metal powder. These products are widely used in industrial fields such as metallurgy, machinery, geology, coal, petroleum, chemical products and so on.