Asian Metal visits Inner Mongolia Chengxinde Smelting, Boyi Ferroalloy and the People's Government of Zhuozi County

On November 29, 2012, Penny Wei, analyst of nickel from Asian Metal visited Inner Mongolia Zhuozi Conty Chengxinde Smelting Co., Ltd., Inner Mongolia Zhuozi Conty Boyi Ferroalloy Co., Ltd., and the People’s Government of Zhuozi County.

On the morning of November 29, Penny went to the office building of Inner Mongolia Zhuozi Conty Chengxinde Smelting Co., Ltd. and talked with Ms. Li Li, the vice- general manager of the company. Ms. Li Li introduced the development process of the company. She also talked about the ferronickel and lateritic nickel ore market movement. Ms. Li said although the profit of ferronickel kept thin these months, they have confidence to overcome difficulties and believe the market will turn better next year.

On the afternoon of November 29, Penny went to visit Inner Mongolia Zhuozi Conty Boyi Ferroalloy Co., Ltd. Mr. Yao Ming, general manager of the company led Penny to visit the plant for ferronickel and lateritic nickel ore stocks. Mr. Yao introduced the development history of the company, and talked about the ferronickel business and lateritic nickel ore purchasing plan. Then, they went to the office of the company, and met with Cho Han, manager of Glencore (Beijing) Trading Co., Ltd. , Terence Yiin, Glencore (Beijing) Trading Co., Ltd. and Rico, General Manger of Ningbo Huitai Mining Co., Ltd. Penny exchanged views on nickel market with them.

On the afternoon of November 29, Penny went to visit the People’s Government of Zhuozi County. Mr. Zhao, Director of Economy & Information Bureau introduced the advantage of metallurgy and chemical project in Zhuozi County. Penny