RE:Asian Ferro-Alloys Conf A bit of good news
What will Global Vanadium Market be after FerroAlloyNet 8th Intl Vanadium Products Summit?
Date: Mar 11, 2019
www.ferroalloynet.com: FerroAlloyNet just held the 8th International Vanadium Products Summit in Chengde, Hebei, China on 6-8 March 2018, more than 300 companies and 400 people had attended this summit. Many professors such as Terry Perles, Erik Sardain, Dr. Yang Caifu, Mr, Chen Donghui, Ms. Zhu Tingting, and other 7 speakers gave some suggestion about this vanadium market and technology development.
According to Terry Perles, Ex China steel production has grown by 0.8% compound annual growth rate (CAGR) 2012-2018 and it is expected ex China steel production to grow at a CAGR of 1.3% 2018-2025. And the ex China-specific vanadium consumption rate has grown at a CAGR of 1.2% 2012-2018. It assumes China vanadium consumption may grow from 50,075 metric tons vanadium (MTV) in 2018 to 59,494 MTV in 2025 (2.5% CAGR).