Quickly rising vanadium prices spur Jiangsu Yonggang Group into replacing vanadium with niobium
Date: Sep 27, 2018
BEIJING (Asian Metal) 27 Sep 18 – The current Chinese vanadium market sees prices going up dramatically. There are two reasons for this price increases: supply of raw material is tight; and demand is expected to pick up as new national standards on rebar will come into effect soon, and the gap between supply and demand in the vanadium market tends to widen continuously. A source from Jiangsu Yonggang Group revealed to Asian Metal that, under such a background the company decides to replace vanadium with niobium in its production and has commenced relevant technical adjustments; and accordingly it plans to cut its vanadium nitride consumption to purchase more ferroniobium.
