News Articles for SSAB

The European Union has delivered ASX-listed Neometals a crucial endorsement for its vanadium recovery project in Finland, co-funding part of the company's bid to become Europe's first vanadium producer. The funding deal for the project that refines waste from steelmaking into the valuable vanadium battery metal was executed with Germany's EU-backed EIT RawMaterials and could be worth up to some AU$42.3 million.

Neometals has extended a deal with Scandinavian battery metals firm Critical Metals until the end of February to give the company time to secure an increased vanadium source deal using by-product from Nordic steelmaker SSAB. A joint venture between Neometals and Critical Metals on its proposed vanadium recovery project is also progressing.

Swedish steel fabrication and processing group SSAB has bought a 51 per cent stake in Perth's G&G Mining Fabrication.