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A brief overview of vanadium price developments, supply and demand and significant market movers.
Chinese vanadium pentoxide prices are rallying this week on tight spot market availability, Metal-Pages reported, with most producers unwilling to sell the metal at low prices.
Prices for 98% vanadium pentoxide rose by RMB1,000 a tonne to a range of RMB66,000 (US$10,764) to 68,000(US$11,090) a tonne.
Vanadium prices have been falling since January of this year, due to slow buying from downstream customers, Metal-Pages said, with a trough reached in mid-April.
European vanadium prices were unchanged at between $5.20 and $5.50 a pound.
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