Less frenzy in FeV market

The settlement of the 16-day strike at Vametco’s vanadium operations in South Africa seems to have halted the run up in prices in Europe, but spot sales in China reportedly have been done at $108 per kg and the US market still has a way to go before catching up to European FeV prices at over $100. US consumers who rely on Vametco’s nitrided ferrovandium have been told that they will receive their October allotments but nothing beyond contracted amounts. Vametco reportedly does have inventory that is being shipped now that the strike has ended. “Material is tight,” said a company insider, “but I think customers are reassured knowing we have inventory, and we are optimistic that we will be back on track by November.”

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jon benoit
jon benoit

This has nothing to do with FeV more or less. The price in the USA is at the same level as Europe or higher today.