West Mine Vanadium Technology halts ammonium metavanadate production

BEIJING (Asian Metal) 6 Mar 24 - Subei Mongolian Autonomous County West Mine Vanadium Technology Co.Asian Metal Copyright, one of the major ammonium metavanadate 98%min producers in North and West China, halted ammonium metavanadate 98%min production early this week for overhaul due to low prices.Asian Metal Copyright, one of the major ammonium metavanadate 98%min producers in North and West China, halted ammonium metavanadate 98%min production early this week for overhaul due to low prices.

"Dragged by downward prices, we ceased ammonium metavanadate 98%min production for overhaul early this week. Generally speaking, the overhaul will take around one week but we will decide when to resume production according to the market prices," said a source from the company, who expected an output of around 60t in March, down by about 40t MoM.

Established in 2019, Subei Mongolian Autonomous County West Mine Vanadium Technology Co. owns an annual production capacity of 2,000t of ammonium metavanadate 98%min.Asian Metal Copyright It holds an inventory of around 250t now, an increase of about 50t MoM.Asian Metal Copyright The company's outputs in 2023 and so far in 2024 recorded approximately 1,600t and 220t respectively.Asian Metal Copyright "Dragged by downward prices, we ceased ammonium metavanadate 98%min production for overhaul early this week.Asian Metal Copyright It holds an inventory of around 250t now, an increase of about 50t MoM.

The current ammonium metavanadate 98%min mainstream prices in Gansu province of China dropped to RMB83,000-85,000/t (USD11,529-11,807/t) EXW D/P, a decrease of about RMB1,000/t (USD139/t) from one week ago.

.Asian Metal Copyright, one of the major ammonium metavanadate 98%min producers in North and West China, halted ammonium metavanadate 98%min production early this week for overhaul due to low pricesAsian Metal Copyright