Pangang Vanadium & Titanium inks annual ammonium polyvanadate sale agreement with Dalian Rongke
2024-01-17 11:27:46 [Print]
Pangang Group Chengdu Vanadium & Titanium Resources Development Co
Under the agreement, Chengdu Vanadium & Titanium will supply ammonium polyvanadate, about 16,000 tonnes (±10%) of vanadium pentoxide equivalent, to Dalian Rongke in 2024, with the total contract amount estimated at RMB1.57 billion (USD218 million) . The two sides will negotiate a monthly contract under the deal . The agreement does not include raw material used by the joint venture between Pangang Vanadium & Titanium and Dalian Rongke and other major energy storage projects.
In 2023, Pangang Vanadium & Titanium sold more than 8,700 tonnes of vanadium pentoxide equivalent to Dalian Rongke.
. , Ltd . , a wholly-owned subsidiary of Pangang Group Vanadium & Titanium Resources Co . , Ltd . , has entered into an offtake agreement with Dalian Rongke Power Group Co . , Ltd . for the annual supply of raw material for vanadium battery energy storage. Under the agreement, Chengdu Vanadium & Titanium will supply ammonium polyvanadate, about 16,000 tonnes (±10%) of vanadium pentoxide equivalent, to Dalian Rongke in 2024, with the total contract amount estimated at RMB1.57 billion (USD218 million) . The two sides will negotiate a monthly contract under the deal . The agreement does not include raw material used by the joint venture between Pangang Vanadium & Titanium and Dalian Rongke and other major energy storage projects.
In 2023, Pangang Vanadium & Titanium sold more than 8,700 tonnes of vanadium pentoxide equivalent to Dalian Rongke.