‘Aggressive’ bids drive down FeV prices

Aug 23, 2013 | 01:46 PM | Daniel Fitzgerald

Tags  ferrovanadium prices, ferrovanadium, vanadium, ferrovanadium demand, European prices, Daniel Fitzgerald

NEW YORK — Ferrovanadium prices have weakened as sellers aggressively chase spot sales amid relatively stale demand.

Ferrovanadium dropped to a range of $11.20 to $12.20 per pound from $12.50 to $13 previously.

One consumer encountered "very aggressive" bidding recently after putting in a request for quotation for several truckloads. "I think there are a few people really looking to move some material," he said. "I think it’s just a slow market and people have excess material."....

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