Bushveld Minerals, one of the world’s important sources of vanadium, stepped up production of the mineral used to make steel, chemical products and batteries, but it has slowed work on developing a new mine in SA.
Bushveld, which is traded on London’s Alternative Investment Market, has all its operations in SA, including two large processing plants, Vametco and Vanchem. These plants are among just four primary vanadium processing plants in the world.
“The vanadium prices remained resilient in all regions despite the impact of Covid-19. China’s processing and manufacturing index indicated improved rebar production and demand driven by the restart in the construction sector,” Mojapelo said. Rebar is a form of steel used to reinforce concrete structures during building activities.
Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production.
