Pangang V & T’s H1 vanadium output down 11% on year

Shenzhen-listed Pangang Group Vanadium & Titanium Resources Co (Pangang V&T), China’s leading vanadium and titanium supplier headquartered in Panzhihua city, Southwest China’s Sichuan province, saw output of vanadium products (converted to vanadium pentoxide) in this year’s first half slip by 10.8% on year to reach 11,000 tonnes, according to the company’s semi-annual report released on August 8.

The decline was within the company’s expectations, as Pangang V&T had predicted in its annual report for 2018 that the total production of vanadium products may see a year-on-year decline of 5.6% to reach 21,200 tonnes for full year 2019. “We reduced our target production (of vanadium products) for 2019 as the supply of