Ganzhou Fortune and Turbine Technology visit Asian Metal

On the morning of August 10, Yu Chunhui, Chairman and Wang Hongkui, Director of Ganzhou Fortune Electronics Co., Ltd., together with Ye Liang, Chairman of Ganzhou City Turbine Technology Co., Ltd. and Mr. Yu Shuiwei visited Asian Metal, and had a meeting with Zhao Hao, Sales Director and Eric Qiu, Senior Analyst & Senior Manager of Asian Metal.

The two sides exchanged opinions on PrNd, dysprosium and terbium products' market prices, reasons and trends in the near term. Mr. Yu Chunhui noted that Ganzhou Fortune Electronics Co., Ltd. mainly engages in NdFeB magnet industry and already built a complete industrial chain with Ganzhou City Turbine Technology Co., Ltd. to produce and process rare earth oxide, rare earth metal and NdFeB magnet. The company would seek deeper cooperation with upstream and downstream enterprises as well as financial and investment companies.

Founded in 2011, Ganzhou Fortune Electronics Co., Ltd. (stock code: 872572, stock abbreviation: Fortune) owns an annual production capacity of 2,000t for NdFeB magnet. Ganzhou City Turbine Technology Co., Ltd. (stock code: 838952, stock abbreviation: Turbine Technology) mainly engages in NdFeB magnet waste comprehensive recycling and rare earth metal production. As a long-term subscriber of Asian Metal membership, Ganzhou City Turbine Technology Co., Ltd. refers to rare earth prices, output and inventories released by Asian Metal.