Vanadium Market Structure and Outlook

This paper will review the state of the global vanadium industry and outline the implications for the market in the coming years. Global vanadium resources and reserves will be defined. Current production of vanadium will be quantified and examined in terms of production by country, sources of raw materials for production and cost implications of the production processes. Current consumption of vanadium by country and by application will be reviewed. Vanadium supply/demand balance in recent years and the resulting impact on global inventory levels will be discussed. Projections for changes in global production, consumption and resulting inventory changes for the vanadium market in the coming years will be made.