A very good news from ChinaChina unveils 2-year plan for energy conservation and carbon reduction 2024-05-30 “The country vows to optimize steel product mix by developing high-end special steel”.
This will definitely increase China’s consumption of vanadium in order to produce high-end steel products.
This is a very good news if the plan will be implemented with proper enforcement measures and inspection. This 2-year plan sounds very similar to China’s special action to reduce carbon pollution, cut down on low-quality steel and implement enhanced rebar standards in 2018.
I personally dare to expect V prices to skyrocket as soon as this 2-year plan is implemented in 2024. But again I may be wrong.
DYODD
https://www.asianmetal.com/news/2072676/China-unveils-two-year-plan-for-energy-conservation-and-carbon-reduction/14