Asian Metal visits Zifu Industry, Gejiu Nonferrous Metal, Yunfan Nonferrous Metals, Kaimeng Industrial and Trading and Zili Mining and Metallurgy

On 13 December, Asian Metal's Sales Director Zhao Hao and tin analyst Lynn Li visited Gejiu Zifu Industry Co., Ltd. and were warmly received by General Manager He Jiansong. Lynn Li and He Jiansong discussed tin market development in 2019 and exchanged ideas about continuously tight supply of tin concentrate and operation amid decreasing treatment charges. According to He Jiansong, the company adjusts part of its imported tin concentrate business and invests some capital to downstream smelting process, aiming to build a self-sufficient enterprise integrating raw material supply and smelting production. Based on years of cooperation with Asian Metal, He Jiansong hoped Asian Metal would give full play to its advantages and provide better service to customers by connecting domestic resources with overseas resources.

Later on, Zhao Hao and Lynn Li came to Gejiu Nonferrous Metal Processing Co., Ltd. and were warmly received by General Manager Wu Yin. Being a time-honored local tin smelter and processer and one of the first batch of tin smelters that accepted EICC review, the company now cooperates with a large number of foreign well-known brands and supplies customers with customized tin processing products. As a regular customer of Asian Metal, the company highly recognized Asian Metal's domestic and overseas customer resource and analysis on tin market and anticipated long-term and stable cooperation with Asian Metal. The two sides also talked about raw material supply of smelters in 2019 and EICC's standards for smelters.

Then, Zhao Hao and Lynn Li paid a visit to Yunnan Yunfan Nonferrous Metals Co., Ltd. and communicated with Sales Director Li Zihan. The company went into pilot production in early 2018 and conducted technological transformation in the first half of 2019. Owning four electric furnaces and an annual production capacity of 10,000 tons of tin ingot, the company sees stable production after resuming operation at the end of September and produces around 300 tons of tin ingot per month at present. Li Zihan led Asian Metal's tour to workshops. The two sides discussed tin ingot production process and technological transformation in detail and exchanged notes about tin concentrate supply as well as continuous and stable production. Li Zihan appreciated Asian Metal's customer resource, analysis and views and expected to have in-depth cooperation with Asian Metal.

In the afternoon, Zhao Hao and Lynn Li were on a visit to Gejiu Kaimeng Industrial and Trading Co., Ltd. and had in-depth communication with Raw Material Director Mu Qiquan. The company is one of tin smelters with steady development in Gejiu and its Yunxiang brand tin ingot, a popular product among end consumers, is a registered brand at Shanghai Futures Exchange. Lynn Li and Mu Qiquan discussed raw material supply in tin market now. According to Asian Metal, the import volume of tin concentrate would drop by nearly 20% YOY in 2019 while the supply might increase in 2020. The two sides had in-depth communication on raw material market in 2020 and exchanged ideas about tin ingot market trend in the coming month. The company expected more opportunities to join in Asian Metal's information exchange.

At last, Zhao Hao and Lynn Li arrived at Gejiu Zili Mining and Metallurgy Co., Ltd. and were warmly received by Sales Manager Duan Yunchun. Lynn Li and Duan Yunchun communicated the company's tin ingot sales in 2019, current production and production during the Spring Festival holiday. Ms. Duan regarded continuously tight supply of raw material as one of bottlenecks that impact survival of smelters and disclosed that the company's output was far below the estimated level in early 2019. As for tin market in 2020, Ms. Duan said downstream industries develop in a stable and sustainable way and new economic growth in downstream tin market would lead to tin ingot price rise. She highly appreciated Asian Metal's timely information service and analysis on tin market, looking forward to more close interactions between Asian Metal and customers.