Wintime Energy noted on the investor interaction platform recently that the average grade of vanadium ore resources of Huihong Mining (a company affiliated to the company) reaches 1.06%. Huihong Mining will construct two 3ktpa high-purity vanadium pentoxide beneficiation and smelting production lines, with the first phase designed to produce 3,000t of vanadium pentoxide per year, which is expected to commence construction in June 2023. At present, Huihong Mining is adopting advanced technology and new processes to carry out production line design and other work.
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