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The 7th China Precious Metals Recycling International Forum successfully Closes
Release time:
08 Oct,2014
The 7th China Precious Metal Recycling International Forum, hosted by China Precious Metals Industry Committee, was successfully held in Xiamen from November 6th to 8th.
The 7th China Precious Metal Recycling International Forum, hosted by China Precious Metals Industry Committee, was successfully held in Xiamen from November 6th to 8th.
This forum was large in scale, attracting over 200 participants from more than 100 companies in over 20 countries worldwide; it boasted a high level of participation, including key executives from leading domestic and international precious metal companies such as Xuzhou Beikeng, Guirenyuan Platinum, Xuzhou Haotong, Jinchuan Group, GEM, Qingdao Xintiandi, Anglo American, BASF, Heraeus, Johnson Matthey, Umicore, Tanaka, Tonghe, Saben, Olympus, and Shell; and it covered the entire industry chain, including precious metal recycling, processing, smelting, trading, transportation, finance, and applications. The prospects of China's precious metal recycling industry are receiving increasing attention from domestic and international counterparts, and the China Precious Metal Recycling International Forum has become an annual event for domestic and international professionals to gather, exchange ideas, and explore opportunities.
Long Shaohai, Executive Vice President of the China Association of Materials Recycling, delivered the opening address. He noted that in recent years, the precious metal recycling industry has seen steady development, demonstrating vast potential for future expansion. Precious metal recycling and reuse are crucial for addressing China's shortage of precious metal resources. However, as a relatively young industry, we face some challenges. How to utilize relevant resources more efficiently, environmentally friendly, and quickly; how to support more leading and large enterprises; how to address industry issues; and how to secure more benefits for the industry will be the focus of the committee's future work.
Mr. J.P. Rosso, Executive Chairman of the International Precious Metals Institute, represented international organizations, and Mr. Wang Baofeng, General Manager of Heraeus (Taicang) Co., Ltd., representing participating companies, delivered congratulatory remarks. They expressed their commitment to supporting the development of China's precious metal recycling industry, strengthening cooperation and technical exchanges between domestic and international companies, and enhancing collaboration with the China Precious Metal Recycling Professional Committee to contribute to the global development of the precious metal industry. They also wished the conference a successful outcome.
Bian Jiang, Secretary-General of CPMIC (the organizer of the conference), expressed gratitude to the participating companies and six sponsors. He expressed confidence that with the support of numerous industry enterprises, the committee and the China Precious Metal Recycling International Forum will continue to improve. The committee will provide more support to enterprises and work together to promote more standardized, efficient, environmentally friendly, and sustainable development of the industry. At the meeting, Secretary-General Bian Jiang presented membership certificates to newly joined committee members, including Han's Platinum, Borui Metal, Jiuling Chemical, and Hengchang Precious Metals.
Since 2001, China has become the world's largest consumer of platinum group metals. Simultaneously, China's platinum group metal mineral resources are extremely scarce, with prospective reserves of less than 350 tons, accounting for only 0.77% of the world's total industrial reserves and 0.44% of the prospective reserves.
Due to the extremely low grade of platinum group metal mineral resources, the generally economically viable grade for mining is 5-8 grams/ton of ore, with rich ore grades of 10-15 grams/ton. The content of secondary resources of platinum group metals is significantly higher than that in the original ore, generally several hundred times higher, with the highest content reaching over 99%. Recycling platinum group metals from secondary resources is much less costly than extracting them from the original ore, offering a clear competitive advantage. Over 60% of China's industrial use of platinum group metals comes from the processing and recycling of secondary resources.
With economic development, China has become one of the countries with the highest demand for precious metals and the largest producer of precious metal waste. With the steady growth in demand from the automotive, electronics, petrochemical, fine chemical and pharmaceutical, and jewelry industries, a large amount of precious metal-containing waste will enter the market in the future. This development trend has been increasingly recognized by more and more domestic and international companies. Due to constraints in policy, technology, and business models, the domestic precious metal recycling industry is still immature, leading to disorderly competition among enterprises and a business model that is not aligned with international standards. However, with the entry of international companies into China and the continuous growth of national industries and domestic enterprises, standardized precious metal recycling and regeneration enterprises have increasingly broad prospects for survival.
This forum explored and exchanged ideas on key issues of concern to the precious metal industry. The two-day conference agenda was packed and substantial. Director Gong Weixing of Xuzhou Beikeng and Manager Jiang Jicheng of Johnson Matthey respectively analyzed the current state of China's precious metal recycling and smelting industry from the aspects of extracting precious metals from native nickel ore, copper smelting, spent petroleum and petrochemical catalysts, spent automotive three-way catalysts, waste copper, and electronic waste, as well as related areas such as automotive catalysts, shale gas, nitric acid, electroplating, pharmaceuticals, and petrochemicals. Dr. Zhao Yonggang of BASF Metals and Mr. J.P. Rosso, Executive Chairman of the International Precious Metals Institute, provided a comprehensive and in-depth explanation of the current status of international precious metal applications and demand from an international perspective. Vice President Zhao Wanru of Qingdao Xintiandi, General Manager Wang Baofeng of Heraeus (Taicang), Qian Xiaofang, Greater China Public Affairs Director of Umicore, and Deputy General Manager Li Kun of Guirenyuan Platinum (Yimen) introduced the production and operation status of domestic and international precious metal companies based on their own enterprises. Director Zhang Yan of Jinchuan Group, President Les Liddiard of UK Tetronics International, and Dr. Xu Yingjian and Dr. Linda Bell of UK Phosphonics Ltd. discussed the most advanced precious metal recycling and smelting technologies worldwide, including the recovery of precious metals from anode slime, the extraction of spent three-way catalysts, and precious metal recovery adsorption technology. Long Shaohai, Executive Vice President of the China Association of Materials Recycling, Mark W. Matza, President of Fortune Metal Midwest LLC (USA), and Pan Li, Deputy Secretary of the Wannian County Committee, discussed policy regulations, including the status of end-of-life vehicle recycling in China, how to legally import and export precious metal-containing waste, and regional precious metal industry policies in China.
The keynote speeches at the forum were comprehensive, insightful, and wide-ranging, offering valuable insights to participating companies. The exchange and discussions between Chinese and foreign delegates were enthusiastic and harmonious, with a lively and relaxed atmosphere. Participants developed relationships and reached a consensus on the development of China's precious metal recycling and smelting industry, expressing optimism about the future prospects of the industry.
CPMIC will work together with Chinese and foreign companies and organizations to explore the direction of the precious metal recycling and smelting industry, and collaborate with enterprises and the government to formulate relevant industry standards, access systems, and trade and tax policies to support the growth and development of our enterprises and promote the healthy and stable development of the industry.
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