Chinese steel production has been enough to cushion the global vanadium market from weaker demand in Europe and the United States in the fall-out from the coronavirus pandemic, according to Paulo Misk, president and chief executive of Largo Resources.
"China - the country we [in February] thought was most affected [by Covid] - actually saw a surge of vanadium consumption. In the first half of 2020, Chinese vanadium consumption went up 20% compared with 2019, and this is truly incredible," Misk told delegates during Fastmarkets' virtual International Ferro-alloys conference on Monday November 9.Covid-19 resulted in widespread industrial shutdowns earlier in the year in a bid to curb the spread of the virus,...