Short Term Trading Week Starting: 31 July, page-312

Vanadium prices consolidating at these elevated levels - great to see!

https://do not advertise external s...ls-over-to-tungsten-molybdenum-in-Europe.html

"Ferro-vanadium prices consolidated recent gains in the first half of the week in Europe, as strong sentiment spilled over into the molybdenum and tungsten markets, supported by rising raw material costs.
Ferro-vanadium prices assessed by Metal Bulletin gained 25 cents on the low end of the range on Wednesday August 2, settling at $39-42 per kg, delivered duty-paid in Europe. Last week’s rally was characterised mainly by trader buying, but this week has seen a number of mills come into the spot market in Europe, while Chinese buyers are also looking for material to ship back to China, where prices have continued to rally. "China is going up like a rocket," a distributor said. "The rally has cooled down a little bit, but Chinese buying is propping up prices," a trader said...."