Asian Metal participates in business meeting held by Coboto

On July 19, 2012, Joy Kong, cobalt market analyst of Asian Metal attended market discussion meeting held by Ningbo Coboto Cobalt & Nickel Co. Ltd..

Messrs Ni Jianqing, vice-GM; Gao Junqi, sales director; Han Difei, sales manager; and Zhou Jiucheng, manager of marketing department of Ningbo Coboto Cobalt & Nickel Co. Ltd. and Ms. Shi Chunhong, purchasing director from Ningbo Jinhe New Material Co., Ltd. had a discussion with Asian Metal. Coboto expressed confidence cobalt processing enterprises could gather together and try to avoid price wars to get through current tough situation that most insiders are pessimistic about current market due to widespread price decline as most cobalt salt producers are operating at losses. Meanwhile, a thorough analysis and direction from mass media is necessary to guide current cobalt market tendency. Asian Metal reiterated its principle of a fair third-party reports and analysis to objectively reflect cobalt market truthfully.

At the same time, delegates from Coboto and Jinhe pledged to offer their support to the Minor Metal Summit 2012 in Sanya which will be held on October 24-26 by Asian Metal.