Still, prices of vanadium pentoxide (V2O5) are steady for now after more than doubling in recent weeks.
Around 2,500 tonnes of V2O5 output will be removed from the spot market in August, which is around 35% of China’s total monthly production and almost 700 tonnes more than had been cut in July.
China’s average V205 production is 7,200 tpm. More than 60% of China’s V2O5 is produced in Sichuan, according to output data for last year.
Lower domestic production in July reflects shutdowns in Sichuan following provincial...