BEIJING (Asian Metal) 30 Apr 20 – Ankang Gaoxin Hanergy Technology Co. LTD plans to build a production line for ammonium metavanadate 98%min from November 2020 and the design production capacity would be 1,500tpy, a source told Asian Metal.

“We started the plan from March 2019 and we are still dealing with the licenses now. According to the progress of the project, we would start to build the plant at November 2020,” said the source of this company. They would produce ammonium metavanadate 98%min according to the abundant stone-coal resources in Shaanxi. According to Asian Metal, this company doesn’t have stone-coal mines, which means they would have to buy stone-coal from local area as raw materials.

Located in Ankang, Shaanxi, their plant would cover an area of 114,666 square meters. Their design production capacity is 1,500tpy of ammonium metavanadate 98%min, which equals to 1,000t of vanadium pentoxide 98%min.

This Wednesday, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB90,000-92,000/t (USD12.7-13.0/kg) Inc-VAT EXW D/P, up by RMB1,000/t (USD0.1/kg) from last week. Though suppliers tried to increase their quotation, few buyers would like to follow up.