Global vanadium industry development report 2020

The overall situation of the global vanadium industry was elaborated and analyzed from the global vanadium resources and the production capacity, the output, supply and demand, import and export, as well as the market prices of vanadium pentoxide, ammonium metavanadate, ferrovanadium and vanadium-nitrogen (VN) alloys in 2020. The major events in the global vanadium battery field are also introduced. Based on the current operating situation of the vanadium industry at home and abroad, the outlook for the market is forecasted, and it is believed that the global vanadium expansion situation will not be greatly changed in the short term, and the oversupply will bring about the price fluctuation of vanadium products in the specific range. The Chinese market under the background of “efforts to achieve carbon peak and neutrality goals” is still the main focus for global vanadium demand, and VN alloys will also be the trend of vanadium products in the near and mid-term. Collaborative innovation between vanadium enterprises will promote the vanadium industry to gradually show a positive “competition and cooperation” situation.