Emerging Markets Should Boost Vanadium Demand

Platts reported that an increase in the need for steel-making materials is likely to increase demand for vanadium.

As quoted in the market news:

[Atlantic Ltd.’s] Minosora said he expects China will need around 20,000 mt/year of vanadium by the next two years. He also expects the urbanization of other countries nearby China, including Vietnam, as well as developing African countries will see demand increase further.

Click here to read the full Platts report.