SPANGELS - Ferro-vanadium prices jump 6.8%16 Jan 2020 10:51
Ferro-vanadium prices jump 6.8% to $23.7-25.95/kgV in Western Europe as consumers restock
Ferro-vanadium prices are leading the recovery in demand for steel and related raw materials. European and Chinese steel producers and traders are thought to be restocking in preparation for new demand.
Miners and ferro-alloy producers are seen as refusing to take lower offers causing spot-market prices to move higher.
Ferro-molybdenum, ferro-tungsten and ferro-vanadium prices have moved higher according to FastmarketsMB.
Lower production or rebar from EAF ‘electric arc furnace’ mills is supporting rebar prices. EAF mills were previously suffering from relatively high scrap input prices.
Some EAF mills may not resume production till after the Chinese New Year potentially enabling blast furnaces to make up production.
Vanadium pentoxide prices also rose 2.3% in Rotterdam to $4.8-6.1/kgV.
I'm not really sure that it's appropriate to declare a winner to this then the SP is not £1 yet. I feel this is being forced and kinda killing the spirit of the competition.
There is always one hateful, deceitful troll who tries to spread misinformation and negativity on every BB. I won't name them, else I'd risk a ban, but there is always one.
That is fantastic news -- money is no longer an issue for Eskom in their quest to commission batteries. All they have to do now is find some suppliers. Any local ones spring to mind?