Asian Metal visits Showa Denko, Toyota Tsusho, and Shin-Etsu Chemical in Japan

On 17 October 2018, Asian Metal's consultant and Senior Product Manager on rare earth market visited Showa Denko K.K., Toyota Tsusho Corporation, and Shin-Etsu Chemical Co., Ltd. in Japan and was warmly received by the above companies, as well as exchanging views on the current status of rare earth and NdFeB magnet market in China and Japan.

In the morning, Vivian visited Showa Denko K.K. and discussed about rare earth prices in China and the demand for NdFeB magnet in Japan with Nanushigawa Yoshiyuki, head of the company's SCM section. Mr. Nanushigawa spoke highly of Asian Metal's timely and accurate information. According to him, the company has always referred to Asian Metal's price information when purchasing rare earth raw material. Showa Denko is one of the two major SC alloy manufacturers in Japan and has subscribed to Asian Metals since 2008.

Subsequently, Vivian visited Toyota Tsusho Corporation and was warmly received by Atsushi Sugimoto, director of the company, as well as Ryumei Yo, project GM of rare metal business development department. Both sides made in-depth exchanges on the current price trend and demand prospects of rare earth products in China and Japan. Toyota Tsusho has subscribed to Asian Metal for 11 years and has always regarded Asian Metal as an important information platform. The company has long referred to Asian Metal's price information when consulting with enterprises in China.

In the afternoon, Vivian visited Shin-Etsu Chemical Co., Ltd. and was warmly received by Toshihiro Hake, Manager of electronics material division. Both sides exchanged views on the current status and prospects of NdFeB magnet market in Japan. Shin-Etsu Chemical is the largest magnetic materials producer in Japan. It has subscribed Asian Metal since 2007 and has taken Asian Metals' rare earth prices for reference for many years when signing procurement contracts with Chinese rare earth raw material suppliers.