Fastmarkets assessed the vanadium pentoxide 98% V2O5 min, in-whs Rotterdam price
at $6.90-7.45 per lb on Friday, up 25.3% from the previous week’s assessment of $5.2-6.25 per lb and at a three-month high.
Prices have been moving up over the past month with buyers struggling to find cheap prompt units due to increasing worries over future availability of material, market sources said. The pentoxide market is now trading at its highest since mid-February.
The lockdown order in South Africa was issued on Monday March 23
amid the spread of Covid-19 and was subsequently extended on Thursday April 9 by a further two weeks from the initial 21 days.
Mines and smelters across the country were ordered...