Indian ferro vanadium prices edge up w-o-w
Indian ferro vanadium (FeV) prices edged up by INR 25,000/t ($299/t) w-o-w amid supply shortages and upscaled demand. FeV 50% prices reached INR 1,180,000/t ($14,095/t) exw-Raipur (50% prorate). The Indian ferro vanadium market is on the rise due to increased demand for special steels and limited supply. This combination has driven up prices, suggesting a potential further price increase in the near future.