FOCUS: Tight prompt supply, more consumer activity boost vanadium uptrend; alloy at 1-yr high

The uptrend in European vanadium prices continued to accelerate at the beginning of February while end-user demand increased amid tight prompt supplies, sources told Fastmarkets.

Fastmarkets' assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price was at $28.25-29.50 per kg on Friday February 5, up 2.2% from the midweek assessment of $28-28.50 per kg, when prices had moved to that level from $27.30-28 per kg on January 29.
The market is now trading at its highest since the end of February 2020, when prices traded at $27.50-29.95 per kg.
Spot market activity for both the alloy and oxide markets has picked up in the past few weeks with end-users coming in with larger volume inquiries, market sources said.

"Producers are tight, traders don't have stock and end-users are actively...

Canada second most significant player in global mining M&A

Plenty of potential for continued rotation out of tech

Platinum to palladium ratio low, platinum to gold high, versus history

Gold stocks up on metal and equities gains

Most major metals rebound on potential global monetary easing