Pangang Vanadium & Titanium sees more sales and higher prices for main products in Q1-Q3

Date: Oct 11, 2018

Pangang Vanadium & Titanium announced on October 10th that its net profit attributable to shareholders of listed company was RMB2.01-2.08 billion in the first three quarters of 2018, up by 200%-210% YOY. The net profit deducting extraordinary items in the first three quarters of 2018 went up by 256%-269% YOY. During the period, the vanadium and titanium industry generally performed well with continuously higher prices in the market, especially for vanadium products prices which went up substantially on year-on-year basis. By the end of third quarter, sales of vanadium products and titanium dioxide rose by 12.97% and 26.59% YOY respectively.

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