Mozambique: Mustang Resources Reports 81,600 Tons Of Unused Vanadium Resources To The Caula Project

(Ecofin Agency) – Resources Mustang released a resource statement for its Caula vanadium / graphite mine in Mozambique, reporting 22 million tonnes of resources measured at 0.37% vanadium pentoxide (V2O5). This translates into 81,600 tonnes of vanadium, thus 180 million pounds

According to MD Bernard Olivier, the combination of graphite and vanadium resources shows that "Caula's resource translates into a valuable resource " Vanadium market is booming, this statement of untapped resources comes at the right time as the company expects to become the leading producer of graphite and vanadium. For the record, one ton of vanadium pentoxide is currently marketed at more than $ 40,000 and Chinese demand is increasing. The figures of Mining Journal last June 28 show that the needs of China increased by 15% in April-May […] the steel mills want to switch to production More resistant steel. ]