Asian Metal visits Hsikwangshan Twinkling Star, Lengshuijiang Antimony Association, Hunan Zhongnan Antimony & Tungsten Trading and Yiyang City Huachang Antimony Industry

Bruce Zhang, General Manager of Minor Metal Department and Vanessa Yang, Assistant Analyst of Minor Metal Department from Asian Metal visited Hsikwangshan Twinkling Star Co., Ltd, Lengshuijiang Antimony Association and Hunan Zhongnan Antimony & Tungsten Trading Co., Ltd and Yiyang City Huachang Antimony Industry Co., Ltd during November 5th-7th and engaged in discussion covering every aspect of antimony metal market in 2014 with the host companies.

On the morning of November 6, Bruce Zhang and Vanessa Yang visited Hsikwangshan Twinkling Star Co., Ltd., and were warmly received by Mr. Liu Yuebin, Vice GM, as well as Managers, Mr. Song Ruze, and Mr. Zhang Wensheng. Both sides exchanged views on Chinese antimony market, raw material supply, and demand for antimony oxide at home and abroad, exchange storage, industry overcapacity and so on. As experienced insider, liu put forward valuable opinions and suggestions with hope that Asian Metal can do better.

Hsikwangshan Twinkling Star Co., Ltd., the largest global antimony producer and downstream supplier, is mainly engaged in mining, separation and smelting of antimony, however, they are also active as a large non-ferrous metal enterprise integrating smelting, chemical processing and scientific research of zinc. As the major Chinese antimony exporter and R&D base, the company’s antimony products are exported to more than 50 countries and regions such as Japan, US, Europe, etc. Antimony products occupy 30% of Chinese market shares and 25% of global market shares.

On the afternoon of the same day, Bruce Zhang and Vanessa Yang visited Lengshuijiang Antimony Association, meeting members of the association. Firstly, Mr. Duan Shaoji, Chairman of the association, gave a brief introduction of the state of private companies in the area, and then talked about the necessity of private enterprise integration under the background of industry overcapacity. In addition, both sides shared views about the current market situation, as well as future trend.

Lengshuijiang Antimony Association is composed of 24 mining, ore dressing and smelting companies. The mining plants: Shizishan;Jinbo;Zaixing;Wuhua. Dressing plants: Guosheng and Yinxi. Smelting plants are as follows: Sanjiu Senyi; Guangrong; Zhenqiang; Xinghua;Yanshan; Zhirong; Xiangfeng.

On the evening of November 6, Bruce Zhang and Vanessa Yang had dinner with business manager Ms. Yan Jingjing and other colleagues of antimony dept, talking about impact of smuggling on prices, antimony products export quotas adjustment, overseas market demand. It is agreed by both it is difficult to solve overcapacity problem faced by antimony industry in a short period of time, and that antimony industry itself needs to be integrated in terms of advantage.

Hunan Zhongnan Antimony & Tungsten Trading Co., Ltd. is wholly owned by Hunan Chenzhou Mining Group Co., Ltd. As the export window and bridge of Chenzhou Mining, the company, mainly engages in exporting antimony and tungsten products, while importing antimony concentrate, tungsten concentrate, gold concentrate, as well as antimony-tungsten-gold bulk concentrate.

On the morning of November 7, Bruce Zhang and Vanessa Yang visited Yiyang Huachang Antimony Industry Co., Ltd and were warmly received. Firstly, Asian Metal visited production workshop, listening introduction of current production situation, operating rate, and sales performance, and then talked with general manager Mr. Wang Jiangen on exchange storage, antimony ingot smuggling problems. Besides, Wang hoped that Asian Metal could continue hold neutral, objective and fair attitudes in market reporting.

Yiyang City Huachang Antimony Industry Co., Ltd was a private enterprise which reorganized from Huachang Antimony Industry with whole funds. The company now has total assets of RMB100million and annual capacity of antimony products has reached 10,000 tons, being enrolled in export base of antimony products by Commerce Department. “Huangchang Brand” antimony trioxide with high reputation is sold to more than 20 countries and regions.