Asian Metal visits Chengfei Technology, Jinli vanadium, Qingshan Ferrovanadium

On January 14, 2022, Asian Metal Sales Director Mr. Zhao Hao and Vanadium Product Manager Mr. Jambo visited Hubei Chengfei Technology Co., Chongyang Jinli Vanadium Chemical Co., Chongyang Qingshan Ferrovanadium Co., and were warmly received by the above enterprises.

On the morning of January 14th, Mr. Hao Zhao and Mr. Jambo Jiang first visited Hubei Chengfei Technology Co. and had an in-depth exchange with Mr. Weixiong Song, the Chairman of the company, and Mr. Wugui Deng, the General Manager of the company, on the current market demand and prices of vanadium pentoxide flake, ammonium metavanadate, vanadium nitride and high purity vanadium pentoxide powder. Then both parties shared ideas with regard to topics such as excess capacity of vanadium nitride, potential export market of vanadium products, demand increase of high purity vanadium powder from vanadium battery industry. Chengfei Technology has two vanadium nitride production lines and the most advanced hydrometallurgy workshop to produce high purity vanadium powder for Baotai and other big vanadium-aluminum alloy producers. Chengfei Technology highly appraised Asian Metal's objective and fair market information service which is based on actual research, and hoped to further strengthen cooperation with Asian Metal in the future and to jointly promote the healthy and sustainable development of vanadium industry.

Later, Mr. Hao Zhao and Mr. Jambo Jiang visited Chongyang Jinli Vanadium Chemical Co., and exchanged views with Mr. Wei Wang, the General Manager of the company, and Mr. Jing Liu, the Production Director of Jiufu Technology Co. on the current vanadium market development and market trend in the first half of 2022. Mr. Wang indicated that the development of vanadium extraction from spent catalyst industry witnessed a strong growth in 2021 and would further speed up in 2022. Besides, Mr. Wang held bullish attitude towards the market in the first half of 2022. Jinli Vnadium, relying on the advantages of Chongyang Vanadium Industry Cluster, conducts trade business of various vanadium products. Mr. Wang spoke highly of the objective, independent and research-based market information service provided by Asian Metal, and hoped to maintain close cooperation with Asian Metal in the rapidly changing vanadium market in the future.

On the afternoon of January 14th, Mr. Hao Zhao and Mr. Jambo Jiang visited Chongyang Qingshan Ferrovanadium Co. and exchanged in-depth views with Mr. Wei Dai, the General Manager of the company, regarding the current inverted price of ferrovanadium and the problem of excess capacity of vanadium nitride, the current demand from vanadium alloy industry, and vanadium market trend in the first half of 2022. Mr. Dai believed that the market demand for ferrovanadium is being gradually replaced by vanadium nitride and ferroniobium. Facing limited demand, the sales mode of bidding would inevitably result in the price inversion. Qingshan Ferrovanadium purchases various vanadium-bearing scrap to produce ferrovanadium through combination of different smelting technologies such as pyrometallurgy and hydrometallurgy so as to effectively reduce production cost. Mr. Dai fully recognized the in-depth, solid and pragmatic work style of Asian Metal, and spoke highly of the high quality information service of Asian Metal, and would like to maintain close cooperation with Asian Metal in the fierce change of vanadium market.