Vanadium

Global Industry, Markets & Outlook 2019

Vanadium prices reached decade highs towards the end of 2017. Global consumption continued to increase owing to volume growth in the market as well as an increasing intensity of use of vanadium in steel. New regulations in China, designed to limit the use of inferior steels in construction, are expected to result in further demand for vanadium in rebar over the medium term if they are strictly enforced. 

Roskill’s updated study provides a full breakdown of demand for vanadium by its various applications. Steel applications account for over 90% of total consumption. High-strength low-alloy (HSLA) steels are by far the largest market for vanadium. The report also includes Roskill’s updated forecasts for vanadium in batteries, which have been slated as a potential growth market. Roskill’s report includes a focused chapter dedicated to the use cases, competing technologies, advantages, disadvantages and economics of vanadium redox batteries. 

With feedstock coming from three different sources (primary production, co-production and secondary production), the market for vanadium is dynamic and diverse, and the effects of any shocks to the system, such as the sudden suspension of a major mine, are not clear-cut. Global supply remains tight following the closure of Evraz Highveld in South Africa and the subsequent drawing down of industry stocks. Chinese output remains below its 2015 peak and environmental inspections in China in 2017 put additional pressure on the market. 

With a tight market expected for several years it is essential to understand the possibilities for new supply. Roskill’s 10-year outlook assesses the viability of new projects coming on-stream, the likelihood that stone coal operations in China will restart and the possibility of increases from existing primary, co-product and secondary sources. Roskill presents a breakdown of vanadium production, not just in terms of overall production—but by production stage. The report provides a breakdown of the supply and availability of feedstock, pentoxide, ferrovanadium and vanadium nitride, broken down by country, and by producer.

With thorough coverage of historical trends and detailed ten-year forecasts, Roskill’s report is the most comprehensive vanadium report on the market. The Market Outlook to 2028 provides analysis of supply, demand, trade, and prices, complete with detailed historical and forecast data, geared specifically to the needs of industry participants, traders and investors. 

Roskill’s report also includes quarterly vanadium updates, which keeps you informed of industry news and trends, and allows us to provide you with up-to-date supply, demand and price forecasts on a quarterly basis.

Roskill’s market-leading vanadium report is updated and released every 12 months.

Roskill experts will answer your questions…

  • Who are the major producers of vanadium? 
  • How does regulation in China impact vanadium demand? 
  • What is the outlook for vanadium redox batteries? 
  • How do I understand the complexities of international trade? 
  • What is the outlook for vanadium prices?

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  • Quarterly updates of the main drivers within the report
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  • Full forecasted report over the next ten years
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