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A brief overview of vanadium price developments, supply and demand and significant market movers.
The price of ferrovanadium has risen in China and Europe and slipped in the United States, according to Metal-Pages data.
In China, a supply shortage of vanadium pentoxide — the raw material used to make ferrovanadium — has buoyed the price of 50-percent ferrovanadium to between RMB 79,000 (US$12,833) and 81,000 ($13,158) a tonne. The previous range was RMB 78,000 ($12,670) to 80,000 ($12,995) per tonne.
In the United States, the spot price for ferrovanadium ranges from $13.25 to $14.40 a pound for 78- to 82-percent ferrovanadium, from a previous range of $13.25 to $14.50 a pound.
Metal-Pages said few transactions have been reported in the US, with demand for noble alloys other than ferrotungsten generally diminished.
In Europe, 78- to 82-percent ferrovanadium is trading between 27.75 and 28.25 euros. The previous range was 0.45 percent lower, at 27.50 to 28.25 euros.