Production Of Vanadium Extraction From Stone Coal In The First Three Quarters Of 2019 The output of vanadium extraction from stone coal increased and then decreased in the first three quarters of 2019. From January to March, a few of the enterprises that actively resumed production affected by last year’s high vanadium price began to produce. Most of them are still in the process of preparing environmental assessment and installation equipment. Most of the enterprises that really brought back production concentrated in the second quarter, so the output of vanadium extraction from stone coal reached a high point in the second quarter. However, from the third quarter, especially from August to September, the environmental protection situation became more and more serious. Before National Day, some enterprises in Hunan, Hubei and Henan were shut down, and the output of vanadium extraction from stone coal declined seriously in September. On the other hand, since August, the vanadium price has continued to decline, and the market downturn has also greatly reduced the production enthusiasm of high-cost stone coal enterprises.

Production of Vanadium Extraction from Stone Coal in 1Q-3Q, 2019
Month Jan. Feb. Mar. Apr. May June Jul. Aug. Sep.
AMV output(ton) 335 240 430 610 700 597 510 465 430
V2O5 output(ton) 520 370 730 650 350 510 605 530 540
Total(ton) 855 610 1160 1260 1050 1107 1115 995 970