Chengdu V & Ti signs annual ammonium polyvanadate sale deal with Dalian Rongke
2025-02-12 15:14:42 [Print]
Pangang Group Chengdu Vanadium & Titanium Resources Development Co., Ltd., a wholly-owned subsidiary of Pangang Group Vanadium & Titanium Resources Co., Ltd., has signed an agreement with Dalian Rongke Energy Storage Group Co., Ltd. for the annual supply of ammonium polyvanadate, a raw material for vanadium flow battery.
Under the agreement, Chengdu Vanadium & Titanium will supply an expected total of 20,000t (V2O5 equivalent) of ammonium polyvanadate to Dalian Rongke in the year ended December 31, 2025. The annual contract volume doesn't include raw material needed by the joint venture between Pangang Group Vanadium & Titanium Resources and Dalian Rongke, and other major energy storage projects. The two sides will negotiate the contract quantity each month and reach a monthly agreement.
In 2024, Pangang Group Vanadium & Titanium Resources sold 14,822t (V2O5 equivalent) of ammonium polyvanadate to Dalian Rongke.
Under the agreement, Chengdu Vanadium & Titanium will supply an expected total of 20,000t (V2O5 equivalent) of ammonium polyvanadate to Dalian Rongke in the year ended December 31, 2025. The annual contract volume doesn't include raw material needed by the joint venture between Pangang Group Vanadium & Titanium Resources and Dalian Rongke, and other major energy storage projects. The two sides will negotiate the contract quantity each month and reach a monthly agreement.
In 2024, Pangang Group Vanadium & Titanium Resources sold 14,822t (V2O5 equivalent) of ammonium polyvanadate to Dalian Rongke.
Vanadium Pentoxide Flake 98%min EXW China
Unit:RMB/mt
China ammonium metavanadate producers' operating rate statistics by province by month
Unit: %
