Vanadium: 2024 World Market Review and Forecast to 2033

About Vanadium Market

• more than half of vanadium (V) is mined in China, while China, Russia and South Africa together account for 85% of world mine production
• the main demand for metal is generated by the steel industry, and in recent years there has been an increased interest in vanadium possible application in the production of vanadium redox batteries, however, due to high metal prices, there has been no great activity in this direction
• in recent years, the global vanadium market has come to a certain balance of supply and demand, but in 2020 production decreased, as did the demand, as a result of the crisis caused by the COVID-19 pandemic
• the decline in metal prices has led to renewed interest in researching the production of vanadium redox batteries, any breakthrough in this area will lead to a significant increase in demand for vanadium, which may cause some tightness and again increase in prices
• and yet, in the next couple of years, the steel industry will remain the main driver of the world V market
• in the long term, the situation with global vanadium supply may undergo some changes as a result of additional volumes of metal from spent catalysts entering the market (oil industry)

The Review is a source for detailed information on the market situation. The report contains descriptive and analytical parts, enriched with tables and figures for national and global markets. Market forecasts for the next ten years complete the report.

Scope

Geographically the report covers:

• World
• Countries

Timeframe of the report:

• Present situation
• Historical background
• Ten-year forecast

Global analysis includes:

• Production and consumption
• Prices
• 10-year market forecast
• Projects
• Downstream markets

A region/country overview comprises:

• Production/consumption balance
• Export and import
• Manufacturers

Reasons to Buy

The immediate benefits of buying this report are as follows:

• Detailed statistics give clear picture of current market situation;
• Extensive price charts draw particular pricing trends in the recent years;
• Production/consumption charts backed with export/import tables outline country’s market position and value;
• Search for partners and suppliers is facilitated;
• Distinct market forecast aids the decision-making process.

*Please note that "Vanadium: 2024 World Market Review and Forecast" is a half ready publication and contents are subject to changes and additions. We have all data necessary for report preparation but it needs to be retrieved from our databases, organized in a report, updated with the latest information and thus the complete study will be presented. This process takes 4-5 business days after the order is placed. Thus, our clients always obtain a revised and updated version of each report. Please note that we do not charge for an updating procedure.