European vanadium prices jump on increased spot interest; alloy nears 2-month high

Vanadium prices in Europe jumped in the week ended Friday November 13, with spot market interest increasing and the alloy market trading close to a two-month high.

Fastmarkets' latest assessment of the price for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe, was $24.00-24.90 per kg on Friday, narrowing upward from the mid-week assessment of $23.50-24.90 per kg but still down from its year-to-date high of $29.50-30.80 per kg in mid-February.
Prices were now at their highest since the end of September, when prices were $24.45-25.00 per kg.
The European market was boosted last week by increased buying appetite and tightening prompt inventories, market sources said.

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