PGVT: It is expected to supply a total of 20,000 tons of vanadium products to Dalian Rongke this year

On October 16th, PGVT stated during an offline communication that the company is actively cooperating with Dalian Rongke. Firstly, the company has jointly established a 2,000 cubic meters/year vanadium electrolyte production line with Dalian Rongke. Secondly, both parties are actively conducting purchase and sales cooperation, with the volume of vanadium products supplied to Dalian Rongke increasing year by year. In 2024, the company is expected to supply approximately 15,000 tons of vanadium products to Dalian Rongke, accounting for 28% of the company's total vanadium product sales. Both parties have renewed the "2025 Annual Framework Agreement for Cooperation on Vanadium Energy Storage Materials," with an expected total quantity of 20,000 tons for 2025. Subsequently, both parties will continue to expand cooperation and actively promote the application of vanadium in the energy storage field. At the same time, the company and Dalian Rongke will jointly promote the construction of a 60,000 cubic meters/year electrolyte production line, which is currently progressing in an orderly manner