Global vanadium market plummeted amid active trader selling

Date: Dec 24, 2018 On December 21, European ferrovanadium prices dropped to 70(↓12)-72(↓13)  $/kg V, equivalent to Chinese FeV50 at 241500(↓41400)-248400(↓44900) rmb/ton; and European vanadium pentoxide prices sfell to  15(↓8.5)-16(↓8) $/lb V2O5, equivalent to Chinese V2O5 98% flake at 223600(↓126700)-238500(↓119300)rmb/ton; American ferrovanadium prices remained stable in a range of 49-52 $/lb V. European vanadium market slumped as traders wanted to get cash in amid weak demand and Chinese domestic market was running weakly.

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