Indian ferro vanadium (FeV 50%) prices climbed up by INR 13,000/t ($152/t) w-o-w to INR 1,093,000/t ($12,748/t) ex-Raipur, driven by rising production curtailments due to higher vanadium pentoxide (V₂O₅) costs, which also impacted import viability. Producers remained cautious, refraining from ramping up output amid tight feedstock availability and persistent cost pressures.
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