European Ferrovanadium Inquires Stay Rare

BEIJING (Asian Metal) 12 May 22 РDue to the energy crisis caused by the conflict between Russia and Ukraine, European steel mills reduced their ferrovanadium 80%min consumption and market inquires stayed rare during the past week. Currently, the mainstream prices of European ferrovanadium 80%min stand at USD40.5-41/kg V in warehouse Rotterdam, down by USD2.5/kg V from late last week. Considering that the sufficient supply in spot market continues, insiders believe that that the mainstream prices of European ferrovanadium 80%min would keep moving down in the coming week.

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