Henan Minmetals material Co., Ltd visits Asian Metal

In the afternoon of October 16, 2012, Shuhan Lu and Junling Wei, vice GM of Henan Minmetals material Co., Ltd, visited Asian Metal and exchanged opinions on the current rare earth and NdFeB magnets markets with Vivian Pang, Analyst of rare earth and NdFeB magnets markets of Asian Metal.

Henan Minmetals material Co., Ltd is located in the biggest nonferrous metal distributing center of China--Dazhou Town,Changge City,Henan Province. It is a large joint-stock company. The company produces stainless steel tube, ferrochrome, NdFeB magnets; imports iron ore, coal, sugar, chemical fertilizer, grain, oil, chemical fibre, plastic, steel, chrome ore, manganese ore, nickel, chromium iron; and exports NdFeB magnets, chromium iron, coal, steel, machinery, electrolytic manganese, copper aluminum future. The company has obtained titles and certifications such as “quality trusted production”, “good faith company”and“honor credit and promise”.

Mr Lu showed his appreciation to Asian Metal. “Asian Metal’s information can help us to get a better understand towards rare earth and NdFeB magnets markets situation,” he said. He also noted that a grim economy outlook results in persistent soft end demand in rare earth and NdFeB magnets. Insiders lack confidence towards the markets in the near term. Mr Lu also expected that participants can cooperate closely to overcome difficulties. Mr Wei exchanged viewpoints with Vivian Pang about rare earth and NdFeB magnets outlook in the coming months, and he expected to keep in touch with Asian Metal frequently to communicate market information.