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Australian Vanadium further reduces capex, production expected in 2021

Australian Vanadium Ltd (ASX:AVL) managing director Vincent Algar updates Proactive Investors on ongoing developments at its Australian Vanadium Project in Western Australia. 
 
The company aims to be in production in 2021 and says its capital expenditure for its Australian Vanadium Project continues to decrease.
 
Algar says despite recent corrections due to a change in Chinese rebar (the reinforcing bar used in construction) standards, vanadium prices will be strong for many years to come.

Quick facts: Australian Vanadium Ltd

Price: 0.011 AUD

ASX:AVL
Market: ASX
Market Cap: $28.08 m
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Full interview: Australian Vanadium signs option agreement for vanadium...

Australian Vanadium Ltd (ASX:AVL) managing director Vincent Algar updates Proactive on the signing of an option agreement over a potential site near Geraldton, WA, as a possible location for the company’s vanadium processing plant. Algar said there were a number of clear benefits of the...

on 30/10/19

2 min read