Chinese market turns on V2O5 tightness and rising input costs for ferro-vanadium Recovery in China prompts trader restocking in Europe Aggressive selling pushes US prices lower; market participants hopeful of recovery Prices for vanadium products exported from China stabilized last week, underpinned by low stocks of vanadium pentoxide and firm ferro-vanadium production costs. Metal Bulletin assessed fob China V2O5 prices at $6.80-7.30 per lb on November 2, unchanged from a week ago, after a fall of 44.3% since early September. High production costs should keep prices well supported, market participants said. “The price at 96,000 yuan ($14,545) for the 700 tonnes of V2O5 sold late in October was far lower than production costs given the latest vanadium scrap prices... As far as I know one producer [that sold 700 tonnes, nearly 10% of China’s monthly output] was eager for cash to acquire a steel project and has almost sold out...