The Production For V2O5 Of Pangang Increases By 2.0% In 2019

BEIJING (Asian Metal) 26 Dec 19 – Pangang Group Vanadium Titanium & Resources Co., Ltd. produced 40,000t of vanadium pentoxide flake 98%min in 2019, up by 2.0% from last year.

“Our prouction for vanadium products keeps steady this year. We can guarantee 700tpm for vanadium nitride and 1,800tpm of ferrovanadium. If we convert the statistics by vanadium pentoxide flake, we produced 40,000t in total this year,” said the source. According to Asian Metal, Pangang Group produced 39,200t of vanadium pentoxide flake 98%min in 2018.

Located in Panzhihua Sichuan, they are the biggest producer for vanadium products in China and one of the major vanadium producers in the world.

Currently, mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB92,500-95,500/t (USD6.1-6.3/lb V2O5) EXW D/A 180 days, down by RMB500/t (USD0.03/lb V2O5) from last week.