Ferro vanadium (FeV 50%) prices in India rose slightly by INR 6,000/t ($68/t) w-o-w to INR 1,150,000/t ($13,017/t) ex-Raipur on higher vanadium pentoxide costs, which pushed up production expenses. Import margins narrowed, making overseas sourcing less viable. Global shipment delays and rising energy, raw material, and logistics costs led to reduced output by smelters, tightening supply and supporting the upward price movement.
Leave a Reply