NEW YORK Russian
steelmaker Evraz Plc produced 4,571 tonnes of ferrovanadium in
the first quarter, up 14.4 percent from the same period last
The companys ferrovanadium
plants in Russia (Vanady-Tula) and the Czech Republic (Nikom)
ran at full capacity during the first three months of the year
to meet higher demand, according to the companys
first-quarter earnings statement.
Production of oxides, vanadium
aluminum and chemicals increased 69.9 percent from a year ago,
but Nitrovan output fell 39.6 percent in the same
Production of vanadium slag, the
raw material for most of Evrazs vanadium products, rose
22.1 percent to 6,026 tonnes during the quarter, primarily due
to more-efficient vanadium extraction at the companys
Nizhny Tagil Works (NTMK) plant in Russia.
Sales prices fell across the board, with first-quarter
ferrovanadium dropping 18.6 percent from a year earlier to
$23,109 per tonne ($10.48 per pound). Nitrovan prices declined
8.2 percent, while oxides, vanadium aluminum and chemicals sold
for 17.5 percent less in the same comparison.