logo-loader
viewAustralian Vanadium Ltd

Australian Vanadium says Chinese production ramping up to meet increasing demand

Australian Vanadium Ltd (ASX:AVL) managing director Vincent Algar speaks to Proactive Investors about his marketing trip to China and the ongoing changes in the vanadium market. 
 
Algar says last year’s higher vanadium prices have been tempered by a rapid response by Chinese suppliers and a turn towards niobium is likely to cool off due to lower vanadium prices and its better suitability for construction rebars.
 
"We saw the vanadium price really spike last year ... and it has moved down quite radically," says Algar.
 
He continues, "But you must remember the price it's currently sitting at is 3 or 4 times higher than its lows and 30-40% higher than its 25-year average ... and provides a comfort zone for AVL to press forward with its plans."

Quick facts: Australian Vanadium Ltd

Price: 0.011 AUD

ASX:AVL
Market: ASX
Market Cap: $28.08 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Australian Vanadium Ltd named herein, including the promotion by the Company of Australian Vanadium Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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