Vice President Bai Xiaofeng led a team to conduct vanadium iron research at Tiantai Metal

Recently, Bai Xiaofeng, deputy general manager of the company, led sales staff Xie Chunfu, He Jinghuan and purchasing staff Xing Haiquan to visit our ferrovanadium supplier, Jinzhou Tiantai Metal, located in Taihe District, Jinzhou City. Mr. Bai conducted an on-site inspection of the production situation of Tiantai Metal and inquired in detail about the production materials, production processes, and market expectations. Mr. Sun of Jinzhou Tiantai Metal warmly received the visit of Mr. Bai and his delegation, and conducted outlook and analysis on the market situation.

At present, the largest producer of vanadium and ferrovanadium in China, Panzhihua Iron and Steel Group, has insufficient production capacity, resulting in insufficient supply of ferrovanadium smelting raw materials and finished products, and a rapid rise in ferrovanadium prices. As of now, due to various factors such as insufficient raw materials, strong demand, market panic, and national regulation, the unit price of ferrovanadium has exceeded 170000 yuan, and there is still room for further increase.