Citibank, CSOP Asset Management, Sumitomo Mitsui Trust Group, Capital Group, Allianz Global Investors, Citadel Global Equities, HSBC Global Asset Management, and Robeco Asia Investment

On 13 March, Citibank Vice-president Jack Shang led a delegation of 7 delegates to visit Asian Metal. The delegates come from Citibank, CSOP Asset Management, Sumitomo Mitsui Trust Group, Capital Group, Allianz Global Investors, Citadel Global Equities, HSBC Global Asset Management (Hong Kong) Limited, and Robeco Asia Investment Center. Zhao Hao, the Sales Director of Asian Metal, Carol Lin, the analyst of cobalt and lithium markets, and Johnson Yin, the analyst of nickel market attended the meeting.

Carol Lin introduced the newly-added capacity of lithium salt to the delegation, following a discussion between the two parties on the downstream demand. Q2 witnessed more output of cathode material and battery due to the buffer period of the new energy policy; however, major high-nickel cathode material plants are in the technology reserve phase at present in China, so the domestic demand for lithium hydroxide is expected to increase little in 2018.