NEW YORK Atlantic Ltd.
plans to become "more active" in the North American vanadium
market this year as the company ramps up its Windimurra Mine in
Western Australia, according to a domestic sales agent.
The mine produced 15.6 tonnes of
vanadium billet during the first quarter, Atlantic said, and so
far this month some 30 tonnes of ferrovanadium have been
delivered to the warehouse of Atlantics offtake partner,
Hong Kong-based Element Commodities Ltd.
Terry Perles, president of
Bridgeville, Pa.-based MoTiV Metals LLC, which has an agreement
with Element Commodities to sell the material domestically,
told AMM the company has sold mostly "truckload
quantities" of vanadium in North America since material began
arriving from Windimurra in the third quarter of 2012.
"Over the next few months, we
expect to see deliveries of stock from Australia increasing
into North America," Perles said. "I was at the mine just last
week and things are looking very good with the ramp-up, so
were anticipating becoming more active in North
Perles said pricing was
currently "soft" in both the North American and European
markets, which he attributed to "lower prices for Chinese
Ferrovanadium was trading in a
range of $14.90 to $15.15 per pound in the United States when
markets were last assessed on April 11 (
amm.com, April 12).
Meanwhile, the Windimurra Mine
is undergoing modifications at the beneficiation plant within
its crushing, milling and beneficiation (CMB) circuit, which
are expected to be completed by June, Perth, Australia-based
"With increased throughput,
significant design and construction failures were highlighted
with the beneficiation plant," the company said. "A detailed
action plan to resolve these failures is now being implemented
with an estimated topside cost of Australian $3 million ($3.1
Windimurra is expected to
produce 6,300 tonnes of ferrovanadium (vanadium contained) per
year when it reaches full production.