Atlantic turns focus to Europe, Asia

Dec 23, 2013 | 01:01 PM | Daniel Fitzgerald

Tags  Atlantic, ferrovanadium, Windimurra, Michael Minosora, ferrovanadium demand, ferrovanadium prices, North America, Europe Asia

NEW YORK — Atlantic Ltd. said the narrowing price gap between the North American ferrovanadium market and the rest of the world has led the company to turn its focus to European and Asian consumers as it continues to ramp up its Windimurra project in Western Australia.

The Perth, Australia-based company has noticed European and Asian transaction prices catch up in recent years, after initially being most interested in servicing the North American market, Atlantic managing director and chairman Michael Minosora told AMM.

"Our focus has traditionally been on the North American market because of a combination of factors, including higher prices paid for ferrovanadium," he said. "What’s happened over the last few years is the margin between and European and Asian markets, and the U.S. market has closed significantly, which causes us to rethink our preferences for where we’re placing our product."....

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