The European Commission’s unveiling of a €750bn ($872bn) “green” infrastructure investment package this week is fuelling hopes of a demand revival for vanadium, bringing with it the potential to boost ferro-vanadium prices and restore balance to converters’ profitability measures.
Europe’s vanadium market has faced turmoil lately as a disconnection emerged between the raw material and value-added products. Challenges were exacerbated by the uneven global recovery from the Covid-19 pandemic, with pentoxide prices following the lead of Chinese producers benefiting from an earlier demand recovery, as well as support from both domestic fiscal and monetary policies.
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.
