The European ferro-vanadium price surged by more than 5% to a 10-month high in the first week of the year on increased end-user appetite amid tightening prompt inventories.

Fastmarkets assessed the price for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe at $25.95-27.45 per kg on Wednesday January 6, up 5.7% from the previous assessment of $25-25.50 per kg on December 23. The market is now trading at its highest since the end of February of last year, when it stood at $27.50-29.95 per kg.
“Consumer inquiries are picking up at the…

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