AMG Vanadium LLC has decided to proceed with expansion plans that will more than double its spent catalyst processing capacity and significantly increase vanadium production capacity at its North American operations by 2021.
The decision to expand vanadium production comes amid soaring prices for the material, with pricing for both ferro-vanadium and vanadium pentoxide more than quadrupled over the past 15 months due to global supply constraints and a consistent strengthening in demand.Fastmarkets' latest assessment of the ferro-vanadium price in the United States was at $51-53 per lb on October 11, up from $11.65-12 per...