Asian Metal visits Henan Jinma Battery and Xinxiang Yazhou Recycle

On November 29-30,2012, Asian Metal visited Xinxiang Yazhou Recycle Co., Ltd and Henan Jinma Battery Co., Ltd is equipped with lead ingot capacity of 100,000t per year, and Henan Jinma Battery Co., Ltd demands 18,000t of lead ingot per year.

On the morning of November 29, 2012, analyst Allen Cao from Asian Metal firstly visited Xinxiang Yazhou Recycle Co., Ltd, and met with Mr. Yu Sherong, general manager of the company. Mr. Yu introduced the operation status of his company, and shared the opinions on future market of secondary lead and procurement channels recycled lead battery. Although secondary lead demand is weak this year, the prospects are still good.

On the morning of November 30, Asian Metal visited Henan Jinma Battery Co., Ltd, and met with Mr. Wang Liangwen, general manager. Mr. Wang introduced the operation and the demand of start-type lead acid battery. He thought lead acid battery would still be slow in the coming two months. Commenting on rumors saying that China will impose consumption tax on lead acid battery, Mr. Wang said the policy might stimulate market demand if the battery price goes up.