After a rallying run across 2018, the vanadium price saw a slight decrease at year-end, however this was seen by most analysts as a short-term dip.
Increasing demand in steel alloys and further development of vanadium battery applications, coupled with limited supply until 2022, is expected to sustain higher prices into 2019.
Algar continued: “We’ve seen the price come off and there’s a band between $10-$15 which we think the vanadium price is going to settle into.