Ferrovanadium prices continued its bull run, putting on close to $10 on the week. 

Platts assessed its weekly European ferrovanadium price on Thursday 27 July at $34-$41/kg 

from $27.50-$29/kg. This is close to a nine-year high prices were at $38-$43/kg November 8, 

2008. 

Market participants said offers had reached $42/kg in Rotterdam on Thursday evening with a 

sale was reported at $39.80/kg duty unpaid Rotterdam. 

Prices  escalated  as  there  was  no  material  available  for  shipment  from  China and tight 

availability of  material  in Rotterdam. European trader sources said they had heard of a sale 

in China for 50% grade at $50 highlighting the severe global shortage. 

"It's a chain reaction because nobody has stocks. You now can not replace material," he said. 

Sources agreed it was extremely difficult to buy 10 mt or 20 mt containers. 

Others  said  they were now wary of concluding any business as the price had increased too 

quickly.  "You  need  to  find  the emergency exit so if you need to run be the first," a second 

European trader said.