Surging vanadium prices so far this year are underpinned by structural supply side changes and stable, growing demand from most end uses, new analysis by independent market intelligence firm Roskill has found.
Since falling to a 12-year low of $13.5/kg of ferrovanadium in the fourth quarter of 2015, prices have seen a slow but steady turnaround to end 2016 at $22/kg. The New Year 2017 saw price recovery gather momentum, with the first-quarter average exceeding $25/kg, and with prices reaching above $28/kg in April and May, according to the 15th edition of Roskill’s ‘Vanadium: Market Outlook to 2026’ report.
