“AVL is developing one of the highest-grade vanadium projects underway in the world and our aim is to become a low-cost producer able to withstand long-term commodity price cycles,” said managing director Vincent Algar.
US automotive producers and other steel-intensive manufacturers are facing a supply shortage which could potentially lead to production shutdowns or reductions, according to numerous market sources.
Inner Mongolia Xintaiyuan New Material Co., Ltd was invested by Xinganglian and TISCO group jointly, which was also the TISCO group’s production base of stainless steel ferrochrome raw materials.