Huayuan Mining To Resume Production Of Ammonium Metavanadate

BEIJING (Asian Metal) 5 Mar 20 – With an annual production capacity for 2,400t of ammonium metavanadate, Shaanxi Huayuan Mining Co., Ltd. prepares to resume production from 15 Match.

“Because of the virus, we delayed to resume production. According to our new plan, we would restart to produce ammonium metavanadate from March 15,” said the source. Before that, they have been out of production for one and a half months. They can accept order now but would deliver two weeks later. They quote at RMB93,000/t (USD13.4/kg) EXW D/P.

Located in Shangluo, Shannxi, they are one of the major three produces for ammonium metavanadate in China. According to Asian Metal, Huayuan’s production cost stay high at RMB124,500/t (USD18/kg). They are the highest cost producer in China.

Currently, mainstream prices of Chinese ammonium metavanadate 98%min stand at RMB90,000-93,000/t (USD13.0-13.4/kg) EXW D/P, the same as last week.