BEIJING (Asian Metal) 31 May 19 – Wangcang Zhenhua Mining Co., Ltd., with a designed production capacity of 3,000t of vanadium pentoxide flake, is undertaking infrastructure construction now and expects its vanadium pentoxide flake production lines to go into operation in late August, a source from the company revealed to Asian Metal.
“Since our vanadium ore mine has a proven reserve of over 20 million tons, we plan to build our vanadium pentoxide flake production lines. Now the project is under construction as scheduled, and we expect to commence pilot production in late August this year as the earliest,” the source said. “Government policy requires that no new vanadium pentoxide flake projects will be approved unless they have an annual production capacity of 3,000t or over. So our project will have an actual output of 600tpy at the early stage of operation,” the source added.
The company is located in Wangcang county, Guangyuan city, Sichuan province. When its vanadium pentoxide flake project goes into production, Sichuan-based vanadium pentoxide flake producers are expected to be able to win further more market shares.
Currently in China, mainstream prices for vanadium pentoxide flake 98%min stay at RMB117,000-120,000/t (USD16,954-17,389/t) EXW D/A 180 days, unchanged from early this week. As large-sized producers rally to keep prices firm, the Chinese vanadium pentoxide flake market begins to move in a steady way. Owing to weak downstream demand, insiders believe that vanadium pentoxide flake prices in China would remain relatively stable in the coming week.
www.asianmetal.com
