Asian Metal meets Wimex Handelsgesellschaft m b.H.

On Friday, November 23, 2012, Daphne Zhang, magnesium market analyst of Asian Metal met with Mr. Peter Schmid, president of Wimex Handelsgesellschaft m b.H. and Mr. Helmug of the company. The three discussed the current situation of magnesium industry.

On the morning of Nov 23th, 2012, Daphne Zhang, magnesium market analyst of Asian Metal said that magnesium export market ran slowly with few deals concluded in recent times. Peter Schmid, president of Wimex Handelsgesellschaft m b.H. said that most buyers inclined to watching the market due to the unclear situation about export duty. In addition, gloomy economic state also be another reason that keeps buyers away from the market.

Wimex Handelsgesellschaft m b. H. was founded in 1992 by Mr. Peter Schmid, mainly trades in silicon and magnesium for the primary and secondary aluminum industry. Furthermore, the company supplies magnesium alloys and aluminum alloys to the casting industry. Founded as a trading company, Wimex has been concentrating on in imports from China since the very beginning. They were able to build up excellent relationships with Chinese partners who rank among the best producers in their fields in China due to permanent purchases. Their biggest clients are spread all over Europe, inside and outside the European Community.