What Is The Price Of Vanadium? What Is Ferrovanadium Used For?
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What is the price of vanadium?
ferrovanadium producers // ferrovanadium corporation
| International ferrovanadium price on July 4 | ||||||
| product | Specification | Lowest Price | Rise and Fall | Highest Price | Rise and Fall | Price Description |
| Ferrovanadium | 70-80% Europe | 23.9 | ↑0.3 | 24.26 | ↓0.35 | US dollars/kg vanadium |
| 70-80% United States | 14.4 | -- | 15.01 | ↓0.5 | USD/lb | |
| Summary of China's ferro vanadium prices from July 1 to 7 | |||
| (Unit: 10,000 yuan/ton, acceptance price including tax) | |||
| product | Brand | Mainstream Transaction | time |
| Ferrovanadium | FeV50 | 7.75-7.9 | 7/7/25 |
| Ferrovanadium | FeV50 | 7.75-7.9 | 7/4/25 |
| Ferrovanadium | FeV50 | 7.8-7.9 | 7/3/25 |
| Ferrovanadium | FeV50 | 7.8-7.9 | 7/2/25 |
| Ferrovanadium | FeV50 | 7.8-7.9 | 7/1/25 |
| Summary of mainstream ferrovanadium prices on July 7 // ferrovanadium prices | ||||||
| product | Brand | Mainstream transaction (10,000 yuan/ton) | Rise and Fall | Mainstream price (10,000 yuan/ton) | Rise and Fall | Remark |
| Ferrovanadium | FeV50 | 7.75-7.9 | -- | 7.9-8.1 | -- | Acceptance tax included |
| Ferrovanadium | FeV80 | 12.4-12.64 | -- | 12.64-12.96 | -- | Acceptance tax included |
ferrovanadium uses：Ferrovanadium (FeV) is primarily used as an alloying additive in the steel industry.
It significantly improves the strength, toughness, wear resistance, and high-temperature stability of steel.
Key applications include high-strength low-alloy (HSLA) steels, tool steels, and other high-performance alloys used in construction, automotive components, and machinery.
The mainstream cash price for vanadium pentoxide (V₂O₅ flake) in early July 2025 was ¥70,000 per tonne (RMB).
This represents a significant decrease from higher levels seen earlier in 2025.
Note: Prices for other vanadium oxides (like V₂O₃) are less commonly reported but generally correlate with V₂O₅ prices.
The vanadium price decline observed in June and early July 2025 is attributed to several key factors:
Seasonal Demand Weakness: June-July is the traditional rainy season in key markets like China, leading to reduced construction activity and lower demand for reinforcing steel (rebar), a major consumer of vanadium.
Steel Market Downturn: The overall steel market, especially rebar futures and spot prices, experienced a significant decline. This put intense downward pressure on steel raw material costs, including vanadium alloys used in production.
Procurement Strategy: Steel mills aggressively reduced vanadium alloy purchases and negotiated lower prices during this period of weak demand and falling steel prices.
Increased Supply: Major vanadium producers lowered their offer prices to reduce inventory, increasing available supply in a weak market.
Macro Factors: Broader trends in the small metals market showed signs of easing supply constraints compared to previous periods, contributing to a less bullish sentiment.
Export Weakness: Data showed a significant year-on-year decline in vanadium product exports (V₂O₅ and FeV) in May 2025, indicating softer international demand.
The Harmonized System (HS) codes for ferrovanadium are structured based on vanadium content:
7202921000: Ferrovanadium containing ≥75% vanadium by weight.
7202929000: Other ferrovanadium (vanadium content <75%).
Note: These codes fall under Chapter 72 (Iron and Steel) and are critical for international trade classification. Recent anti-dumping investigations by the U.S. against imports from China and South Africa specifically reference these codes.
Demand Drivers
Steel Industry Recovery: Traders anticipate higher global steel output to boost ferrovanadium consumption, particularly in high-strength alloys for construction and automotive sectors.
Energy Cost Reductions: Lower energy prices in Europe could revitalize regional steel production, currently hampered by high operational costs.
Supply Challenges
Geopolitical Tensions: Ongoing conflicts and trade policies (e.g., U.S. anti-dumping duties on Chinese and South African imports) disrupt supply chains.
Vanadium Price Volatility: Recent price drops stem from:
Weak steel demand in China and Europe.
Seasonal construction slowdowns (e.g., rainy seasons in Asia).
Oversupply from major producers reducing inventory.
Emerging Opportunities
Vanadium Redox Flow Batteries (VRFBs): Growing interest in renewable energy storage could drive demand for vanadium oxides (e.g., V₂O₅), indirectly supporting ferrovanadium markets.
Recycling Technologies: Advances in recovering vanadium from spent catalysts (e.g., oil refining waste) may supplement primary supply.
Regional Focus
| Region | Outlook |
|---|---|
| China | Demand hinges on infrastructure stimulus policies; export declines (-17.8% YoY for V₂O₅ in May 2025) pressure prices. |
| Europe | Competitiveness crisis in steel manufacturing risks "irreversible decline" without energy-cost relief. |
| North America | Anti-dumping measures (e.g., U.S. sunset reviews) constrain import-dependent supply. |
Market dynamics indicate a cautiously optimistic 2025, balancing steel-sector headwinds against energy-storage growth.
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