Australian Vanadium: Signs up customer for titanium co-product

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