Indian ferro vanadium (FeV 50%) prices climbed up by INR 24,000/t ($275/t) w-o-w to INR 1,094,000/t ($12,541/t) ex-Raipur, reflecting cost pressures and strengthening demand. The rise was largely attributed to increasing vanadium pentoxide prices, stemming from tighter availability, and higher procurement by special steel manufacturers. Additionally, Chinese ferro vanadium (V:50%; FeV50) prices increased to RMB 84,000-90,000/t ($11,704-12,540/t), with an average price of RMB 87,000/t ($12,122/t), up RMB 1,000/t ($139/t) w-o-w.
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