The European ferro-vanadium market surged earlier this week, amid a flurry of spot purchasing interest and renewed supply concerns.
Spot prices for European ferro-vanadium increased to $69-71.20 per kg on June 6, delivered duty-paid in Europe, up 4.82% from $66.25-67.50 per kg on June 1, according to Metal Bulletin's mid-week assessment.Spot market buying interest picked up considerably this week following last week's price rebound, with both traders and consumers scrambling to restock material before any further price run-up.Prices have continued to climb with each passing day, with many participants refusing to offer below the current Metal Bulletin high mark, market participants said."I sold at $69 at the start...