July 2009 | Ferro-alloys
Prices surge: Vanadium highlights
Ferro-vanadium prices surge as buying increases, and stocks fall.
There has been quite a turnaround in the vanadium market this month. While prices began to rise in May, they really surged in June. In Europe, ferro-vanadium (70-80% V content) is selling for $25-26/kg; this is 25% more than it was one month ago. This is the first monthly average price rise since August 2008, and is the largest rise since the price doubled in February 2008. Material shortage persistsThis is due mainly to a lack of material in the market rather...
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