GLOBAL VANADIUM WRAP: V2O5 prices jump in Europe on tight supply of raw material

Date: Dec 19, 2017

Date: Dec 19, 2017Vanadium pentoxide prices gained in Europe last week when buyers sought to top up their stocks in readiness for the first quarter of next year, further underpinned by tight supply.

Vanadium pentoxide prices jump in Europe on tight supply  Markets slow in Europe and US in run-up to Christmas holidays  Market participants anticipate further price gains in New Year  European buyers paid higher prices for vanadium pentoxide last week to secure the material that they had otherwise struggled to get on longer-term agreements. Metal Bulletin assessed vanadium pentoxide prices at $9.25-9.90 per lb in-warehouse Rotterdam, a jump of 8.8% from $8.45-9.15 per lb previously. Business was concluded at the high end of the new range. While some market participants find the…

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