NEW YORK Spot
ferrovanadium prices have ticked up slightly on reports of
short-term tightness in supply, although market sources say
contract business is continuing to satisfy most
The ferrovanadium price range
widened to $14 to $15 per pound from $14 to $14.90 previously,
with reports of truckload business conducted at the upper end
of the range.
"Vanadium is definitely going
up. I think theres some short-term tightness out there,"
one trader said.
However, one consumer told
AMM that he had been offered ferrovanadium at "below
$14 per pound" but refused the offer as his company is still
satisfied by its contracted supply.
A second trader, who said he had sold 10,000 pounds at
$14.90 per pound, agreed that "the contract market is holding