European Ferrovanadium Prices Rise

BEIJING (Asian Metal) 10 Mar 23 – With limited Russian resources in spot market due to the sanctions, European ferrovanadium market saw tight supply and growing market mentality during the past week. Currently, the mainstream prices of European ferrovanadium 80%min stand at USD41.0-41.5/kg V in warehouse Rotterdam, up by USD0.5/kg V from late last week. Though the demand stays steady, considering that the positive market mentality continues, insiders expect that the mainstream prices of European ferrovanadium 80%min would stay firm in the following week.

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