Ferro-vanadium climbs to near 2-year high; V2O5 nears 1-year high on tight supply, good demand

European vanadium prices continued to climb in February amid tightening prompt inventories and better-than-expected end-user demand, market sources told Fastmarkets.

Fastmarkets’ price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe rose by 4.9% to $33.70-34.70 per kg on Wednesday February 17 from $30.70-34.50 per kg on February 12. The market is at its highest since June 2019, when prices stood at $34.45-36.00 per kg.
The alloy’s price is up by more than 35% since the beginning of 2021, when it stood at $25.00-25.50 per kg, Fastmarkets’ data shows.

Spot market activity for the alloy and oxide markets has picked up in the past few weeks, with end-users coming into the...

Published

Ewa Manthey

February 17, 2021

20:09 GMT

London