Ferrovanadium prices may be poised for an increase as market
participants look to rising prices in Europe and issues at
Evraz Highveld Steel & Vanadium Ltd.
transactions have held steady at $11.20 to $12.20 per pound,
traders said that rising European prices would likely filter
through to the United States soon.
"Ive been saying
to people that prices are going up in Europe and Chinese supply
is short, so lets not be silly buggers here," one trader
"(A week ago) we were
offered material at low $11s and now I cant buy any of
it," a second trader said.
said ferrovanadium prices also could be affected by troubled
South African vanadium slag processor Evraz Highveld, where
labor unrest, low steel prices and production problems threaten
"If that business
really is threatened and they go under, pricing will go through
the roof. They have a big influence on slag trading and the
like, and they certainly are making a lot of bad noises," the
first trader said.