According to a major vanadium manufacturer, the vanadium market situation from the end of November to the beginning of December showed a gradual recovery in prices due to the expectations for steel demand in China.
With China’s action to relief its zero-COVID policy announced at the end of November and the support measures for Chinese real estate industry, it is expected that demand for steel, which is the largest use of vanadium, will recover. Market prices are recovering, though its range is small at the moment.
However, on the other hand, there is information that major developers in the Chinese real estate industry are in danger of bankruptcy.
The international vanadium market is expected to continue to be influenced by trends in China’s real estate industry.
【Market Price Reference】