Wogen Resources visits Asian Metal

Nick Cartwright and Laura Greenhalgh, traders at Wogen Resources Ltd, visited Asian Metal London office and met with Asian Metal analysts Melvin Hill, Chi Hin Ling and Greath Taylor, on 17th January 2013 to discuss the global chromium, manganese and iron ore market.

Wogen Resources Ltd is one of a few international recognised trading houses with a strong China foucs, specialising in a wide range of industrial metals, including antimony, chromium, manganese, titanium, rare earth, PGMs as well as many other metals, minerals and ferroalloys. Wogen sources material from around the globe and supplies them to a number of industries, such as aerospace, autocatalyst, chemicals, electronics, superalloys and steel industry.

Wogen has shown growing interest and has been expanding its bulk materials trading desk to cater the needs of chrome ore, manganese ore and iron ore for its clients in the Chinese metallurgy industry in recent years. Nick indicated that Wogen has realised the potential of that market, especially for those specialised high grade material, and look to capitalise on the large Chinese metallurgy market with its comprehensive Chinese network. He explained that many Chinese end users are concerned about the security of supply for the raw materials as there are only limited reserves of chrome and manganese ore in China, while most iron ore reserves are of low grade. He added that, apart from focusing on the Chinese market, Wogen is also actively looking to expand its presence at other market with potential, such as other Asian markets, which have proven to be important alternative markets for those materials in the past.

On supply side, Nick and Laura stressed the importance of sourcing material from outside the mainstream supplying regions, such as Albania for chrome ore, Zambia for manganese ore and South America for iron ore, as those regions can provide materials that have better value for money. However, they warned the risks when dealing with these regions as banking, transportation, legal as well as other supporting facilities are generally less developed than those mainstream supplying regions.

Nick and Laura show appreciation to the professional and up-to-date pricing information and market analysis provided by Asian Metal and hope to strengthen communication between the two companies.