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Anning shares announced on the evening of April 26 that the company plans to use its own funds to invest 100 million yuan to establish the company's wholly-owned subsidiary Panzhihua Anning Vanadium and Titanium New Materials Co.
Anning shares announced on the evening of April 26 that the company plans to use its own funds to invest 100 million yuan to establish the company's wholly-owned subsidiary Panzhihua Anning Vanadium and Titanium New Materials Co.
The project adopts a phased construction method.
According to the announcement, the demonstration project adopts the vanadium-titanium magnetite high-efficiency and clean separation and extraction technology independently developed by the company to carry out large-scale, high-efficiency, clean, and direct reduction and separation of vanadium-titanium magnetite, and the separated titanium-rich material is used for It produces high-grade titanium dioxide and simultaneously extracts rare and precious metals to maximize the value of Panxi vanadium-titanium magnetite.
Anning shares stated that the demonstration projects belong to the encouraged projects in the "Industrial Structure Adjustment Guidance Catalog" (2019) and "Western Region Encouraged Industries Catalog" (2020), which not only conforms to the national industrial policy, but also meets the Panxi national strategy.
The requirements for the construction of the resource innovation and development experimental zone are another major achievement in the construction of the Panxi National Vanadium and Titanium Strategic Resource Innovation Experimental Zone.
It is of great strategic significance to boost Panzhihua's efforts to build a modern regional central city.
At the same time, the company's investment in the construction of demonstration projects will help the company to further extend the vanadium and titanium industry chain, enhance the company's profitability and core competitiveness, and promote the sustainable development of the company.
