Asian Metal visits Fugu Haotian

On the morning of December 25th, 2025, Ms. Daphne Zhang, Consultant & Senior Product Manager of Magnesium Market at Asian Metal, visited Fugu Haotian Coal Metallurgy Chemical Co., Ltd. She engaged in discussions with Deputy General Manager Mr. Huicheng Wang and Sales Deputy Minister Mr. Yanlong Zhang regarding the magnesium price trend throughout 2025, which experienced a process from low-level fluctuations to moderate upward movement. In 2026, the magnesium industry is expected to usher in a favorable situation characterized by "demand expansion, supply optimization, and price recovery." The core market contradiction will shift from "resolving overcapacity" to "how to meet the demand for high-quality growth." Enterprises that take the lead in completing capacity upgrades, technological iterations, and can collaborate with downstream strategic customers for innovation will reap the greatest benefits from the industry's development.

Established in 2007, Fugu Haotian is a privately-owned enterprise group integrated with comprehensive development, recycling utilization, and a production-transportation-sales system for coal, coking, power, and chemicals. The company has invested 2.6 billion yuan in the Wanjiatun Circular Economy Demonstration Zone of Fugu County, constructing projects including 1.6 million tons of coal washing and dressing, 1.8 million tons of semi-coke, 2×15MW tail gas power generation units, 2×50MW cogeneration power units, 250,000 tons of calcium carbide, 250,000 tons of active lime, 50,000 tons of ferrosilicon, 20,000 tons of magnesium metal, and 120 million pieces of non-fired bricks. Additionally, supporting facilities such as an industrial water station, gas station, and wastewater treatment plant have been built, forming multiple circular economy industrial chains: raw coal - washed coal - semi-coke - coal gas/coal-to-oil - power generation - lime/calcium carbide/ferrosilicon - magnesium metal - waste residue for non-fired bricks. This achieves "large-scale recycling within the park, medium-scale recycling within industries, and small-scale recycling within enterprises." Currently, the company is listed in the National Industrial and Information Technology Ministry's semi-coke industry catalog and has been recognized as a Shaanxi Provincial Environmental Protection Semi-coke Comprehensive Utilization Demonstration Enterprise.

Fugu Haotian consistently follows and utilizes Asian Metal's price information as a reference for its supply and sales price indices, highly commending the platform for its timely, rigorous, and objective market reporting. Furthermore, the company acknowledges the past Magnesium Summits organized by Asian Metal and will actively participate in the 14th Magnesium Summit to be held by Asian Metal in Chengdu on April 16-17th, 2026.