My take on the recovery of V The start of 2024 has not been kind to Vanadium products around the world particularly in China. V2O5 will finish Q1-24 with an average around US$6 per pound in Rotterdam and even lower in China, which is the global leader for production as well as consumption of V.
In Q1-24 China V prices are still negatively impacted by weak demand due to the continued struggling property / construction sector. AsianMetals has even reported that many small Chinese V2O5 producers have suspended their production. However the country is entering the spring construction period and V inventory needs to be rebuilt. The restocking will likely trigger some uptick / recovery in China V prices in the coming days. The lenght / strenght of the recovery would largely depend on the effectiveness of the current Chinese economic stimulus measures.
Furthermore if VFB turned out to be an important driver of the Vanadium market in 2024 then a solid global recovery of V would be expected before the end of the year to grow even stronger into the future.
My 2-ct
DYODD