MB: Euro FeV reacted sharply to the news of Russia invasion https://www.metalbulletin.com/Article/5086915/Vanadium/European-FeV-markets-react-sharply-to-Russias-invasion-of-Ukraine.html
European FeV markets react sharply to Russia's invasion of Ukraine
Ferro-vanadium markets have reacted swiftly and sharply to the news of Russia’s invasion of Ukraine this week, showing pronounced volatility in the period to Friday February 25.
Fastmarkets’ assessment of the price for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe, moved into a much wider range on Friday, climbing to $43.00-48.50 per kg, from $42.50-43.50 per kg just two days earlier, putting prices at their highest since April 2019. Deals were reported across the new price range.
Market participants reported continuing concern about the effects of possible further sanctions against Russia from Europe, the UK and the United States, and also continued to report that, regardless of sanctions, at least some buyers may...