Australias Atlantic Ltd. saw "significant advances" in
its ferrovanadium production in August, it said, noting
aggressive spot pricing in the North American market.
The Windimurra Mine in
Western Australia, operated by Atlantic subsidiary Midwest
Vanadium Pty Ltd., produced 56 tonnes of ferrovanadium in
August, up from 3.7 tonnes in July.
were made in August in the refinery. In July there had been
very little production of ferrovanadium while the electric-arc
furnace crucible refractory bricks were replaced and
modifications were made to the (crushing, milling and
beneficiation) plant," the company said.
The facility resumed
production last month (
amm.com, Aug. 21).
"A smelting rate of
four pours per day was achieved in August, demonstrating the
refinerys capability to achieve an increased frequency of
smelts. This smelt rate and the size of each smelt will
increase at later stages in the ramp-up process, as experience
and upstream inputs increase," it added.
The company also
reported sales of 24 tonnes in August under its offtake
agreement after no sales in July.
"As part of the
ultimate distribution of vanadium to end-users throughout the
world, additional inventory of ferrovanadium was delivered
during August to local warehouses in major markets close to
consumers," the company said. "Aggressive pricing by spot
market participants during the typically slow northern
hemisphere summer months is believed to have led to this
softening in prices in North America."
trading in a range of $11.20 to $12.20 per pound, according to
AMMs most recent assessment.