Ferro-vanadium prices climbed by more than 4%

Ferro-vanadium and ferro-niobium prices both climbed by more than 4% in the week ended Friday May 21 due to tightening prompt supply in Europe at a time when spot market activity has started to increase.

The availability of both the alloys in Europe has been tight since the second half of 2020 because China has been importing large volumes of material amid a better demand outlook than in Europe.

Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan.  The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.

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