Kunming Iron and Steel announced that it will invest CNY 150 million in Yunnan Yuxi to build a V2O5 project with an annual output of 4,000 tonnes. The project is expected to put into production by the first quarter of 2009.
According to the release, V2O5 project is to use the vanadium residue, which is extracted by Yuxi Xingxin Iron and Steel Company, to further processed into high value added V2O5 products.
The production value of the project is expected to reach CNY 900 million after it is completed, filling the vanadium industry blank of Yunnan province.
