Bushveld Minerals completed its acquisition of the Vanchem Plant from Duferco for $53m.

Bushveld Minerals, a low cost, vertically integrated primary vanadium producer, completed its acquisition of the Vanchem Plant from Duferco, a steel products and raw materials provider, for $53m. The Vanchem Plant is a primary vanadium producing facility with a beneficiation plant capable of producing various vanadium oxides, ferrovanadium, and vanadium chemicals. "It is with great pleasure that we announce another transformative acquisition for Bushveld Minerals and its shareholders. True to our previously stated goals, we are pleased to conditionally acquire another brownfield operating asset on South Africa's Bushveld Complex, to cement our position as one of the leading vanadium producers globally and setting us on the path to achieving our 10k mtV per annum production capacity target," Fortune Mojapelo, Bushveld Minerals CEO.