Yangguang Zhaojin Mining to resume ammonium metavanadate production in late May
Date: Mar 22, 2019
BEIJING (Asian Metal) 22 Mar 19 – Dunhuang Yangguang Zhaojin Mining Co., Ltd., which has been out of production for nearly four months, plans to resume production of ammonium metavanadate at the end of May 2019, according to a source.
A source from the company said, “Our company’s capacity for ammonium metavanadate is 6,000tpy. We suspended production at the end of last year due to the cold weather, and have not started production yet. We had planned to start production at the beginning of April, but it is still cold and difficult to mine, so we have delayed the production resumption until the end of May. ” He revealed that the company has its own stone coal mine, with corresponding environmental credentials. He learned that the price for ammonium metavanadate 98%min remains at about RMB200,000/t (USD29,856/t) Ex-VAT EXW D/P at present, and the gross profit of ammonium metavanadate production is relatively considerable. But the only factor limiting the production resumption is temperature.
