Major vanadium project advances
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…