European ferrovanadium prices put on $4/kg over the week, nearing in on a 10-year high as 

demand for material was stripped by a shortage of offers. 

S&P  Global  Platts assessed its weekly European ferrovanadium price on Thursday at $47-

$52/kg, up from $44-$47/kg. The last time ferrovanadium was higher was on the October 23, 

2008 at $55.50/lb. 

"Vanadium is the catch of the day," one European trader said. He reported a sale at $50.40/k

g for 10 mt, while others said there were few offers to be found. A sale at $52 was reported fo

r a 20 mt lot in Rotterdam. 

Market  participants  said  offers  from  China  and  South  Korea  were  scarce  and  Western 

producers had no availability. 

"We  have  inventory  so not  offering," a second European trader said. With prices in Europe  close to  the  mid  $50's  seen  in  China in August 2017, there was "now scope to see higher 

prices," he noted. 

European  ferrovanadium  prices  ha d moved up to $45/kg September 2017 on the back of 

tight supply  but  fallen  back  when  consumers failed to come back into the market after the 

summer holidays. 

"The  last  dip  was  more  technical, we had a lot of material swapping trader hands," a third 

European  trader  said.  He  was  more  confident  prices  would remain firm on this round of 

increases, he added.