VANADIUM SUPPY AND DEMAND
vanadium ore
Vanadium consumption tripled in China in 2004, up 67% compared to 2003, then increased again by 58% in 2005. - Traditionally, steel sales have been steel and vanadium supplier, Highveldís main source of revenue. In early 2005 the price of vanadium pentoxide went to an unprecedented high of US $25 per pound and Highveld announced that vanadium sales had outpaced its steel market.
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