Tag: Indian ferro vanadium prices inch up on material shortage

Indian ferro vanadium prices inched up amid limited availability of V2O5 (Vanadium oxide). FeV 50% prices were around 1,200,000-1,235,000/t ex-works (50% prorate). Notably, the price rise was also due to a slight uptick in raw material prices leading to a marginal increase in cost of production. However soft demand protected prices from sharp hike.