Pangang Group’s Profit Up by Over 56% YOY in Q1

On April 10, Pangang Group Vanadium & Titanium announced that the net profit attributable to the listed company shareholders was 730 million to 830 million yuan in Q1, up by 56% to 77% YOY. There are two main reasons for the growth. Firstly, the market prices for vanadium products rose YOY. Secondly, the sales of vanadium and titanium products of the company increased YOY.