Advanced Material Japan Corporation visits Asian Metal

On 14th May, Hiroaki Yoshinaga San, Leader of Rare Metal Team and Kohei Yamada San from Rare Metal Team visited Asian Metal and friendly communicated with analyst of cadmium, June Cai; analyst of tin, Jane Peng and analyst of antimony, Annabella Xu.

Mr. Yoshinaga and Asian Metal mainly talked about the Chinese cadmium ingot industry, such as the location of the major upstream and downstream plants and the upstream and downstream products. Mr. Yoshinaga also revealed that due to the rigorous environmental policy in Japan, most of the crude cadmium is transported to China, and the Chinese plants processed the crude cadmium into cadmium ingot 99.99% and 99.995%, and then into nickel-cadmium battery, which exported to the international market including Japan. According to Mr. Yoshinaga, as the raw materials of cadmium metal is in oversupply, while demand is decreasing due to the widespread of new power materials, so the both the market and prices of cadmium ingot will not rebound in the near future.

On falling prices in the previous two weeks, weak demand for tin ingot at home and abroad, the political and economic instability in euro area, and the current situation of tin market fundamentals and the macro-economic, Mr. Yoshinaga exchanged views with Asian Metal tin products analyst Peng Liyue. Moreover, they all talked about the production and imports & exports of Chinese tin ingot, tin concentrate, and tin solder, and both sides agreed that it is hard to be optimistic about the tin market outlook.

Mr. Yamada who is in charge of antimony in AMJ communicated with Annabelle about the smuggle prohibition in the past two months, which caused the supply of antimony ingot in international market to shrink and the price went up. However, as the demand from developed economic areas is weak and cannot turn better in the short term, so they both think the price of antimony ingot cannot maintain the upward trend for a long time.

Advanced Material Japan Corporation (AMJ), a trading company and a new venture specializing in rare metals, was established in January 2004, and mainly imports antimony, tantalum/niobium, cadmium, tin, tungsten, cobalt and so on to Japan, which shares half of the worldwide electronic production and functional materials, but a poor resources nation.