.TechnologyMetal has reached a vanadium offtake MoU with TataCompanies minerals resources mining Australia
PERTH – ASX-listed vanadium developer Technology Metals Australia has struck a memorandum of understanding with India’s Tata Steel regarding the potential offtake of vanadium pentoxide and other downstream vanadium products from the Murchison technology metals project , in Western Australia.
“Technology Metals is very excited to be partnering with Tata Steel, one of the world’s largest steelmakers, as well as furthering Australia’s important trade relationship with India.
“Vanadium is a key component in Tata Steel’s steelmaking process to increase strength and reduce weight, and as our customers increasingly look to reduce their carbon emissions, we anticipate demand for these products to grow,” said Tata Steel VP for group strategic procurement “Working with Technology Metals on opportunities surrounding primary vanadium and ferrovanadium production aligns with Tata Steel’s strategy to ensure reliable, stable supplies of raw materials to meet our customers’...
“This successful mission was the biggest ever to leave Western Australian shores with an extensive programme of government and corporate meetings, industry briefings, roundtables and one-to-one business matching.
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