BEIJING (Asian Metal) 28 Nov 19 – Sichuan Geological Engineering Group Corporation prepares to produce ammonium metavanadate in Cambodia at the end of this year. They will use import vanadium slag as raw materials and the production capacity is 3,600tpy.
“We buy scrap vanadium slag as raw material from Russia and the Middle East and we are building the production line in Cambodia now. If everything goes well, we will start to produce ammonium metavanadate 98%min from the end of this year,” said the source. They plan to produce 2,000t in 2020. In normal, they can produce 10t per day and the target market would be China.
As China bans imports of vanadium slag because of the serious environmental situation, more and more companies are more likely to produce in South Asian countries for the vast demand.
Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB94,000-97,000/t (USD13.4-13.8/kg) Inc-VAT EXW D/P, down by RMB3,000/t (USD0.4/kg) from last week.
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