Pangang Group Vanadium & Titanium signs vanadium battery energy storage material agreement with Dalian Rongke
2022-12-14 15:47:01 [Print]
On December 13, Pangang Group Vanadium & Titanium Resources Co., Ltd. announced that the company's wholly-owned subsidiary, Pangang Group Chengdu Vanadium & Titanium Resources Development Co., Ltd. and Dalian Rongke Power Group Co., Ltd. recently signed the "2023 Annual Framework Agreement on Vanadium Battery Energy Storage Material Cooperation" in Chengdu, Sichuan.
According to the agreement, both parties shall adopt the cooperative mode of purchasing and selling ammonium polyvanadate raw materials, with an estimated total quantity (converting to vanadium pentoxide) of 8,000 tons in 2023. If the agreements signed are all successfully executed, the total transaction amount is expected to be about RMB1 billion (USD144 million) based on the current market prices of vanadium products.
According to the agreement, both parties shall adopt the cooperative mode of purchasing and selling ammonium polyvanadate raw materials, with an estimated total quantity (converting to vanadium pentoxide) of 8,000 tons in 2023. If the agreements signed are all successfully executed, the total transaction amount is expected to be about RMB1 billion (USD144 million) based on the current market prices of vanadium products.
Vanadium Pentoxide Flake 98%min EXW China
Unit:RMB/mt
China vanadium pentoxide powder producers' sales to production ratio statistics by province by month
Unit: %
