Ferrovanadium Prices Recovering, Says Evraz Highveld CEO

Mining Weekly reported that Evraz Highveld Steel and Vanadium Ltd. (OTC Pink:HGVLY) CEO Mike Garcia said that ferrovanadium prices are improving after a relatively weak start this year.

As quoted in the market news:

“The price continued to soften in the early parts of 2012, but has started to recover in the last few weeks and the price has moved back above $25/kg,” CEO Mike Garcia said.

Demand for high-strength microalloyed steel would continue to grow and vanadium remained the preferred microalloy for use by steelmakers, he added.

Click here to read the full Mining Weekly report.