Industrial Securities, Tian’an Property, Baoying Fund, Great Wheel Asset, Lion Fund and Born Asset visit Asian Metal

On the afternoon of April 20th, He Jing, a researcher from iron-steel & non-ferrous metal department of Industrial Securities Co., Ltd.(Industrial Securities), Wu Binquan, a researcher from investment development department of asset management center of Tian’an Property Insurance Co., Ltd. (Tian’an Property), Wang Shangbo, a researcher from the research department of Baoying Fund Management Co., Ltd. (Baoying Fund), Tian Feng, a senior researcher from Great Wheel Asset Management (Great Wheel Asset), Geng Nuo, a researcher from Lion Fund Management Co., Ltd. (Lion Fund) and Chen Yifan, a researcher from Born Asset Management Corporation (Born Asset) visited Asian Metal and made deep communication with Cherry Chen, Vivian Pang and Eric Qiu, analysts of Asian Metal who are in charge of electrolytic aluminum and rare earth markets.

Cherry Chen exchanged views with visitors about the recent supply-front reform policy in electrolytic aluminum industry, introduced the involved capacity, the influence on enterprises and on the newly formed capacity. They also discussed together about electricity charges and basic condition of aluminum plants in Henan, Qinghai, Guizhou, Xinjiang, Shandong and other provinces and finally shared the executive condition on the expectation of the supply-front reform.

In addition, Vivian Pang and Eric Qiu introduced visitors the downstream application, national reserves as well as the cracking down on illegal activities of rare earth products, answered questions raised by them about price calculation of rare earth ores, pricing rules of Asian Metal, the operating condition of Baotou Rare Earth Products Exchange and others and discussed about the increased prices for rare earth products recently. They last expected the price trend and market outlook of rare earth products.