European Ferrovanadium Price Keeps Rising Up The European market remains strong this week. As of yesterday, the price of ferrovanadium in Europe has risen up to USD 22 (↑1.4 )-23.75 (↑2.15)/kg vanadium, converting to 50# ferrovanadium is about CNY 77,300 (↑5,300)-83,400 (↑7,900)/t. The European market price for vanadium pentoxide is USD 4.45-5/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 67,500-75,900/t. The price of American ferrovanadium is USD 10.15 -10.50 / lb.

In recent days, the domestic market price has been strong, and the price has a trend of going higher. At the same time, the price rise in the European market is a further boost to the vanadium market. It is expected that the vanadium market at home and abroad will continue to keep strong this week, and prices are expected to keep rising.