CAPITAL MARKETS

Xstrata pulls the plug on Windimurra

THE Windimurra vanadium plant, commissioned less than three years ago at a cost of more than $128 million, has closed with project owner Xstrata blaming the low price of the specialty metal and the plant's

Michael Quinn
Xstrata pulls the plug on Windimurra

Vanadium has recently been trading at around US$1.70-1.80 a pound, or about half the US$3.50/lb budgeted for in the Windimurra feasibility study. At the time the study was completed vanadium was trading...

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