|15 February 2018||
Metal Bulletin reports that vanadium markets in Europe and USA are strengthening further due to stronger demand and continued supply concerns. V2O5 prices are now firm above US$13/lb, 6% higher than last month.
"People are very short on material right now, especially traders" a US-based supplier source said.
In China, vanadium market is slower with fewer exports quotations ahead of the Chinese New Year’s holidays.
However, a sources reckons that "the current tight supply in V2O5 is expected to persist in the next months, and the sharp demand growth (in China) may happen in the second half of the year if no additional production fills the gap".
|31 January 2018|
|19 January 2018||
Vanadium market price continue to soar
Metal Bulletin reports that Vanadium Pentoxide prices have rocketed more than 30% in China since December to US$12-13.30/lb. This is mainly due to the expectation that market might be facing a deficit in 2018 due to increased demand with the new rebar standard and feedstock constraint with the ban on slag imports. Traditionally a vanadium-exporting country, China also suffered major production disruptions in July and August 2017.
In the rest of the world, prices have followed the Chinese trend with Ferro Vanadium up 6.73% over the past week in Europe and amid low inventories being reported in the US. “It is incredible what is happening in this market right now,” a trader told Metal Bulletin.
On the energy storage side, China reportedly started construction of world’s largest battery with 800MWh capacity (equivalent of 16,000 Tesla model 3 batteries) and it is a Vanadium Redox Flow Battery!
|5 January 2018|