China Steelmaker Gets Loan on Vanadium Project

Bloomberg Businessweek reported that Anshan Iron & Steel Group has successfully acquired a loan for 14.6 billion yuan for a China-based vanadium project.

As quoted in the market news:

The project will have a capacity of 18,800 metric tons of vanadium products a year and 3.9 million tons of steel used in pipes, automobiles and appliances, according to Newssc.org, a news portal affiliated to the Sichuan provincial government.

Click here to read the full Bloomberg Businessweek report.