Price forecasts for vanadium pentoxide have been provided by CPM...

Price forecasts for vanadium pentoxide have been provided by CPM Group of New York, USA. Their forecast indicates the long-term price of ferrovanadium will stabilise at approximately $45.86 per kg, which is equivalent to V2O5 price of $8.00 per lb, after a steady decrease from current levels. The current prices for ferrovanadium and vanadium pentoxide are approximately US$66 per kg and US$17 per lb, respectively.
A table summarizing the ferrovanadium prices in 2007 dollars used in the cashflows from 2010 to 2018 as forecast by CPM Group is provided below.

-----------------------------------------------------------------------
---
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018
--------------------------------------------------------------------------
(US$/kg) 73.30 65.04 59.97 58.75 56.22 52.47 51.04 48.17 45.86
--------------------------------------------------------------------------
Prices beyond 2018 are forecast to be $45.86 per kg.


Last update: 5:54 p.m. EDT Aug. 12, 2008