BEIJING (Asian Metal) 6 Nov 19 – Huludao New Hengtai Environmental Protection Technology Co. LTD prepares to produce ammonium metavanadate according to scrap catalyst containing vanadium. The designed annual capacity is 1,200t.

“We are dealing with the license for waste chemical disposal permit now and we almost completed the constraction building of the production line. The total investment is RMB200 million,” said the source of this company. They will use scrap catalyst what contains vanadium as raw material and may start to produce at the end of this year.

Located in Huludao Liaoning, they are about to become the fourth producer for ammonium metavanadate in Liaoning.

Currently, mainstream prices for Chinese ammonium metavanadate 98%min stand at RMB90,000-93,000/t (USD12.9-13.3/kg) Inc-VAT EXW D/P, down by RMB8,000/t (USD1.1/kg) from last week.

www.asianmetal.com