- On the afternoon of 5 January, Guo Zhen, the General Manager of Heping County Fuhe New Materials Co., Ltd (“Fuhe New Materials” for short), visited Asian Metal. Eric Chiu, the rare earth Analyst of Asian Metal, warmly welcomed him and deeply communicated with him.
From left: Eric Qiu, Guo Zhen
- The two parties talked about the PrNd oxide, dysprosium oxide and terbium oxide prices trend, and the purchasing of raw materials, such as waste and rare earth oxides, in depth. Mr. Guo disclosed that he plans to resume production in 2017. Eric introduced Mr. Guo the situation of national reserve, the strictly regulation on rare earth illegal activities by MIIT and the current condition of separation industry. In addition, based on the current policies, the two sides forecasted the future development of NdFeB magnet waste recycling plants.
- Established in January 2011, Heping County Fuhe New Materials Co., Ltd owns an annual consumption capacity of 5,000 tons of NdFeB magnet waste and also is one of two recycling plants in Guangdong Province. The company mainly deals with rare earth oxide and metal products at present.
