Weak demand adds to pressure on vanadium markets; V2O5 drops 7%

European prices for vanadium pentoxide (V2O5) and ferro-vanadium continued to fall in the week ended Friday June 26 under pressure from weak end-user demand, with V2O5 prices dropping by 7%.

Fastmarkets assessed the price of vanadium pentoxide, 98% V2O5 min, in-whs Rotterdam, at $5.10-5.50 per lb on Friday, down from $5.15-6.25 per lb in the previous week. The market was now at its lowest for three months.
The prolonged effects of the Covid-19 pandemic have reduced steel consumption in Europe, damping demand for vanadium from steelmakers, market sources said.

“Consumer...

Published

Ewa Manthey

June 29, 2020

13:40 GMT

London