Australian Vanadium Secures Win-Win Offtake Agreement

Australian Vanadium has signed a memorandum of understanding (MOU) with Chinese steel and alloy company Win-Win Development Group for vanadium offtake from Gabanintha, Western Australia.

Chengdu-based Win-Win plans to use Australian Vanadium’s product to make vanadium carbon nitrate (VCN) for use as a component in micro-alloy rebar production.

The company is constructing a 5000 tonnes per year (t/y) production facility for the VCN, which will require around 7000–8000t/y of vanadium oxide (V2O5).  The first stage of the project (2000–3000t/y) is expected to begin operation in 2019 and the second stage in 2020.