Securing reliable supply of FeV the main driver for buyers, IFA 2021 hears

Ferro-vanadium consumers are securing big volumes of material on long-term contracts and accepting higher prices than last year to avoid disruption to supplies, market participants said on the sidelines of Fastmarkets' International Ferro-alloys Conference in Prague this week.

"Last year, it was all about securing a good price. Now, it is all about securing deliveries - even at the sacrifice of a higher price," a trader told Fastmarkets in an informal meeting at this week's conference.
A supplier said that frame contracts for ferro-vanadium have been agreed with discounts against third-party references of around 3-5% in Europe and 5% for the United States - where there is a premium over the European market. Last year, the supplier sold material at a discount of about 7% in Europe and 9% in the US.
Other market participants said they had agreed on contracts with a discount of about 2-3%, or slightly higher, depending on quality and packaging.

While some discounts - largely set against Fastmarkets' reference...

AOCE and WB boost gold targets for 2025 significantly

Gold and silver price ETFs see major net outflows

Gold stocks decline by less than metal price

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop