Vanadium prices resumed their rally in earnest last week after buyers paid higher prices to secure scarce units, with no signs of change to the persistent tight supply situation.
Chinese export prices jump with spot units in limited supply amid persistent foreign inquiries European ferro-vanadium prices surge in the second half of the week after sellers hold firm with their offers Thin spot supply, strength in foreign markets fuel US ferro-vanadium pricesPrices for vanadium pentoxide (V2O5) from China showed particular strength over the past week, jumping to $16.70-17.65 per lb on Thursday June 28, an increase of 9.7% from the previous week's assessed range of $14.80-16.50 per lb.Buyers of the raw material have faced a protracted tight supply scenario over the past 18 months, but that has intensified over recent weeks"Supply of V2O5 [in the physical market] is much tighter than ferro-vanadium after Jianlong Group started vanadium nitride production lines one month ago," a vanadium pentoxide exporter said. Offers were reported as high as $18 per lb on an fob China basis, and even as high as $19...