Tag: Vanadium

THE renewable battery energy market continues to make significant moves in WA as the quality and applications of battery storage becomes ever more sophisticated and economically advantageous. Australian-owned Australian Vanadium Ltd (AVL) signed a letter of intent with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co Ltd, a subsidiary of HBIS Group Chengsteel, to negotiate technical services and agree on a purchase agreement for AVL’s vanadium products. Managing director Vincent Algar and chief operating officer Todd Richardson will travel to Chengde, Hebei this month for further discussions. HBIS Group is one of the world’s largest steelmakers and the world’s third largest vanadium producer. Currently 92pc of vanadium consumption is for strengthening steel. The addition of as little as 0.1pc...

NEOMETALS (ASX: NMT)  has entered into an MoU with the Institute of Multipurpose Utilization of Mineral Resources Chinese Academy of Geological Sciences (IMUMR) to develop the $692m Barrambie Titanium Vanadium project in WA. The MoU will lay the foundations for a potential 50:50 commercial production JV. IMUMR is a leading metallurgical institute in China with recognised expertise in, and relationships with China’s titanium and vanadium chemical processing industry, and global titanium-vanadium production houses. At an estimated total indicated and inferred mineral resource of 280.1mt at 9.18pc titanium and 0.44pc to 80m vertical depth, the Barrambie deposit is considered to be one of the world’s largest, high-grade titanium-vanadium deposits. Neometals’ cashed-up potential Chinese partner has the ability to fast track the...