Date: Nov 23, 2018
BEIJING (Asian Metal) 23 Nov 18 – Panzhihua Xingchen Vanadium & Titanium Co., Ltd. plans to resume vanadium pentoxide production, after the halt for nearly four years, a source of this company told Asian Metal.
“We haven’t produced vanadium pentoxide since early 2015, as prices dropped too much in the past several years. We are amazed to see prices increase to nearly RMB500,000/t (USD33.38/lb V) now. Therefore, we plan to produce again,” said the source. He added, “We can only produce vanadium pentoxide powder 98%min at the moment, and we are building additional production line now. We will start to produce vanadium pentoxide flake 98%min 15 days later.” As the cost is high, they need buyers to pay 100% first before arranging production.
