BEIJING (Asian Metal) 2 Jul 20 – With an annual production capacity for 2,400t of ammonium metavanadate, Shaanxi Huayuan Mining Co., Ltd. would resume production in the middle of July. Before that, they have been out of production for a month and a half due to the overhaul.

“We stopped production at the early of June due to the overhaul and we would resume production from 15 July,” a source of this company noted. In normal, they could produce about 160tpm of ammonium metavanadate 98%min. According to Asian Metal, this company produced about 2,000t in 2019, up by 100% from last year.

Located in Shangluo, Shannxi, they are one of the top three produces for ammonium metavanadate in China and also are the highest cost producer in China.

At present, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB100,000-102,000/t (USD14.2-14.4/kg) EXW D/P, unchanged from this Monday.

www.asianmetal.com