Australian Vanadium Signs up customer for titanium co-product
- Australian Vanadium (AVL) signs a letter of intent with Chinese steel producer Rizhao Steel
- The letter is for offtake of an iron titanium co-product from AustralianVanadium’s processing facilities in Western Australia
- AVL expects to produce about 900,000 tonnes per annum of iron titanium, along with 11,200 tonnes per annum of vanadium pentoxide from its operations
- Rizhao is also China’s largest importer of titanium bearing concentrate
- AustralianVanadium was up 3.80 per cent on the market, trading at 8.2 cents per share
