TMT to Benefit from Vanadium Price Strength

TMT with the runs on the board will surely benefit from the positive moves in the vanadium markets

Vanadium nitrogen prices have been the big mover-up 9% last week following a 7.5% increase in May

Also last week

• Ferro-vanadium 78% fob China rose $3.5% to $29 - 30.5 /kgV (FastmarketsMB)

• Vanadium pentoxide 98% rose 8.4% to $6.5 – 7/lb V2O5 (FastmarketsMB)

• Ferro Vanadium 80% FOB (China) rose to US$29.5/kgV vs US$29.0/kgV (Asia Metals)