European Ferrovanadium Prices Edged Up After two consecutive weeks of decline, European ferrovanadium prices rose at the end of last week. The spot prices for ferrovanadium, basis 78% min, delivered at USD 34.70-37.80 / kg on June 14, up by USD 0.70-0.80 / kg from the midweek assessment of USD 34-37 / kg.

The reason for the rise in European prices is that higher offers from China have pushed prices up in the second half of last week. “As soon as we see a big consumer coming into the market asking for larger tonnages, we will see prices dropping again,” a trader in Europe said.