Vanadium Industry Annual Report 2024
2025-03-03 08:22:57 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Contents
1. Definition, Type, Distribution, Applications 4
1.1 Definition 4
1.2 Type 4
1.2.1 Types of Minerals 4
1.2.2 Types of Products 4
1.3 Distribution 4
1.3.1 Distribution of Minerals 4
1.3.2 Distribution of Products 4
1.4 Applications 4
1.4.1 Application of Major Vanadium Minerals by Capacity 4
1.4.2 Application of Vanadium Products by Capacity 4
2. Economy and Policy 5
2.1 China releases 2024 Catalogue of Goods Subject to Export License Administration 5
2.2 China vows to boost construction of basic mining infrastructure 5
2.3 China sees remarkable results in green transition for industrial sectors 5
2.4 Medium-sized V-Ti magnetite discovered in Chengde 5
2.5 China's Liangshan pledges innovation to prop up V-Ti-RE industry 5
2.6 Henan expects nonferrous industry to peak carbon emissions by 2030 5
2.7 Development work begins on China's biggest V-Ti magnetite mine 5
2.8 China's Q1 foreign trade exceeds 10 trillion yuan for first time 6
2.9 China begins second batch of third round of central environmental inspections 6
2.10 Shanxi implements new regulations for mineral resources management 6
2.11 China unveils two-year plan for energy conservation and carbon reduction 6
2.12 China completes on-site work for latest round of central environmental inspections 6
2.13 Guizhou's latest round of mineral exploration achieves significant results 6
2.14 China further strengthens administrative safety licensing for non-coal mines 6
2.15 China's annual recycling of recyclable resources up by 1.5% YoY 6
2.16 China's H1 foreign trade again hits new high 7
2.17 China launches inspection of state-owned natural resources assets 7
2.18 Large V-Ti magnetite deposit unearthed in Hami 7
2.19 Exploration rights transfer in China up by 194.1% in Jan-Aug 7
2.20 China's foreign trade up 5.3% YoY in Q1-Q3 7
2.21 China's mineral exploration investment rises for third year in a row 7
2.22 China unearths more than 120 mineral deposits in 2023 7
2.23 China launches third batch of third round of central environmental inspections 7
2.24 China's strategic mineral exploration rights transfer up over 200% in Q1-Q3 7
2.25 China passes revised mineral resources law 8
2.26 China updates catalogue of encouraged industries in western region 8
2.27 Gansu finds 121 new mineral deposits since 2021 8
2.28 China announces tariff changes for 2025 8
3. Market Movements 8
3.1 Domestic Market 8
3.1.1 Ammonium Metavanadate 98%min EXW China 8
3.1.2 Vanadium pentoxide powder 99%min EXW China 9
3.1.3 Vanadium pentoxide powder 99.5%min EXW China 10
3.1.4 Vanadium pentoxide flake 98%min EXW China 11
3.1.5 Ferrovanadium 50%min delivered China 12
3.1.6 Vanadium nitride N14%min V77%min delivered China 13
3.2 International Market 14
3.2.1 Ferrovanadium 80%min in warehouse Rotterdam 14
3.2.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 15
3.2.3 Ferrovanadium 80%min in warehouse Pittsburgh 16
3.2.4 Ferrovanadium 50%min in warehouse Russia 17
4. Company News 17
4.1 Surefire secures second Saudi investment for Victory Bore vanadium project 18
4.2 Australian Vanadium produces first vanadium electrolyte at Australian plant 18
4.3 Largo reports lower vanadium pentoxide output and sales in 2023 18
4.4 Vanadium Resources enters vanadium pentoxide offtake deal with China's Hexiang 18
4.5 Australian Vanadium reports increase in Australian combined project resources 18
4.6 Golden Deeps posts upgrade in OML vanadium-copper-lead-zinc resources 18
4.7 Largo posts increased vanadium pentoxide production in Q2 18
4.8 Surefire signs agreement with Mid West Ports Authority for magnetite concentrate exports 18
4.9 Largo sees higher production of vanadium pentoxide in Q3 18
4.10 Largo releases quarterly vanadium pentoxide production and sales results 19
4.11 Pangang Vanadium & Titanium inks annual ammonium polyvanadate sale agreement with Dalian Rongke 19
4.12 U.S. Vanadium to increase vanadium pentoxide output 19
4.13 Western Mining reports higher annual production of refined copper, lead and zinc 19
4.14 Huantai Green Vanadium secures mining license for Wuyishan vanadium mine 19
4.15 Essel Mining & Industries to reduce ferrovanadium output 19
4.16 Huantai Zhuofan to build vanadium pentoxide production line 19
4.17 Chengde Xiangfan to build 5ktpa vanadium pentoxide project 19
4.18 R. R. Ferro Alloys' ferrovanadium output reduces 19
4.19 Sichuan Anning's annual V-Ti magnetite concentrate output exceeds 1Mt 20
4.20 Tangshan Xinrong to build 20 bln yuan titanium and vanadium materials project 20
4.21 Huiyun Mining wins exploration right for V-Ti magnetite mine in Xinjiang 20
4.22 Arth Metallurgicals to increase vanadium pentoxide powder output 20
4.23 LB Group partners with Sichuan Resource Group to advance V-Ti industry 20
4.24 Kuncai Technology to invest in South African V-Ti resources base project 20
5. Producers Statistics 20
5.1 Vanadium pentoxide flake 20
5.1.1 The producers number of vanadium pentoxide flake in 2024 20
5.1.2 The production capacity of vanadium pentoxide flake in 2024 20
5.1.3 The operating rate statistics of vanadium pentoxide flake in 2024 21
5.1.4 The output statistics of vanadium pentoxide flake in 2024 21
5.1.5 The inventory statistics of vanadium pentoxide flake in 2024 21
5.2 Vanadium nitride 22
5.2.1 The producers number of vanadium nitride in 2024 22
5.2.2 The production capacity vanadium nitride in 2024 22
5.2.3 The operating rate statistics of vanadium nitride in 2024 22
5.2.4 The output statistics of vanadium nitride in 2024 23
5.2.5 The inventory statistics of vanadium nitride in 2024 23
5.3 Ferrovanadium 23
5.3.1 The producers number of ferrovanadium in 2024 24
5.3.2 The production capacity of ferrovanadium in 2024 24
5.3.3 The operating rate statistics of ferrovanadium in 2024 24
5.3.4 The output statistics of ferrovanadium in 2024 24
5.3.5 The inventory statistics of ferrovanadium in 2024 25
5.4 ammonium metavanadate 25
5.4.1 The producers number of ammonium metavanadate in 2024 25
5.4.2 The production capacity of ammonium metavanadate in 2024 26
5.4.3 The operating rate statistics of ammonium metavanadate in 2024 26
5.4.4 The output statistics of ammonium metavanadate in 2024 26
5.4.5 The inventory statistics of ammonium metavanadate in 2024 27
5.5 Vanadium pentoxide powder 27
5.5.1 The producers number of vanadium pentoxide powder in 2024 27
5.5.2 The production capacity of vanadium pentoxide powder in 2024 27
5.5.3 The operating rate statistics of vanadium pentoxide powder in 2024 28
5.5.4 The output statistics of vanadium pentoxide powder in 2024 28
5.5.5 The inventory statistics of vanadium pentoxide powder in 2024 28
6. Customs Statistics 29
6.1 Chinese export volume of vanadium pentoxide up by 2.02% in 2024 29
6.2 Chinese import volume of vanadium pentoxide down by 52.32% in 2024 29
6.3 Chinese import volume of ferrovanadium (V≥75%) down by 15.76% in 2024 29
6.4 Chinese export volume of ferrovanadium (V≥75%) up by 17.5% in 2024 29
6.5 Chinese import volume of ferrovanadium (V＜75%) down by 97.14% in 2024 30
7. Supply and Demand Outlook 30
7.1 The supply expectation 30
7.1.1 Vanadium pentoxide flake production 30
7.1.2 Vanadium pentoxide flake export 30
7.1.3 Vanadium pentoxide flake import 30
7.1.4 Ferrovanadium production 30
7.1.5 Ferrovanadium export 30
7.1.6 Ferrovanadium import 30
7.1.7 Vanadium nitride production 31
7.1.8 Ammonium metavanadate 31
7.1.9 Vanadium pentoxide powder 31
7.2 The demand expectation 31
7.2.1 Metallurgical demand expectation 31
7.2.2 Chemical demand expectation 31
1. Definition, Type, Distribution, Applications 4
1.1 Definition 4
1.2 Type 4
1.2.1 Types of Minerals 4
1.2.2 Types of Products 4
1.3 Distribution 4
1.3.1 Distribution of Minerals 4
1.3.2 Distribution of Products 4
1.4 Applications 4
1.4.1 Application of Major Vanadium Minerals by Capacity 4
1.4.2 Application of Vanadium Products by Capacity 4
2. Economy and Policy 5
2.1 China releases 2024 Catalogue of Goods Subject to Export License Administration 5
2.2 China vows to boost construction of basic mining infrastructure 5
2.3 China sees remarkable results in green transition for industrial sectors 5
2.4 Medium-sized V-Ti magnetite discovered in Chengde 5
2.5 China's Liangshan pledges innovation to prop up V-Ti-RE industry 5
2.6 Henan expects nonferrous industry to peak carbon emissions by 2030 5
2.7 Development work begins on China's biggest V-Ti magnetite mine 5
2.8 China's Q1 foreign trade exceeds 10 trillion yuan for first time 6
2.9 China begins second batch of third round of central environmental inspections 6
2.10 Shanxi implements new regulations for mineral resources management 6
2.11 China unveils two-year plan for energy conservation and carbon reduction 6
2.12 China completes on-site work for latest round of central environmental inspections 6
2.13 Guizhou's latest round of mineral exploration achieves significant results 6
2.14 China further strengthens administrative safety licensing for non-coal mines 6
2.15 China's annual recycling of recyclable resources up by 1.5% YoY 6
2.16 China's H1 foreign trade again hits new high 7
2.17 China launches inspection of state-owned natural resources assets 7
2.18 Large V-Ti magnetite deposit unearthed in Hami 7
2.19 Exploration rights transfer in China up by 194.1% in Jan-Aug 7
2.20 China's foreign trade up 5.3% YoY in Q1-Q3 7
2.21 China's mineral exploration investment rises for third year in a row 7
2.22 China unearths more than 120 mineral deposits in 2023 7
2.23 China launches third batch of third round of central environmental inspections 7
2.24 China's strategic mineral exploration rights transfer up over 200% in Q1-Q3 7
2.25 China passes revised mineral resources law 8
2.26 China updates catalogue of encouraged industries in western region 8
2.27 Gansu finds 121 new mineral deposits since 2021 8
2.28 China announces tariff changes for 2025 8
3. Market Movements 8
3.1 Domestic Market 8
3.1.1 Ammonium Metavanadate 98%min EXW China 8
3.1.2 Vanadium pentoxide powder 99%min EXW China 9
3.1.3 Vanadium pentoxide powder 99.5%min EXW China 10
3.1.4 Vanadium pentoxide flake 98%min EXW China 11
3.1.5 Ferrovanadium 50%min delivered China 12
3.1.6 Vanadium nitride N14%min V77%min delivered China 13
3.2 International Market 14
3.2.1 Ferrovanadium 80%min in warehouse Rotterdam 14
3.2.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 15
3.2.3 Ferrovanadium 80%min in warehouse Pittsburgh 16
3.2.4 Ferrovanadium 50%min in warehouse Russia 17
4. Company News 17
4.1 Surefire secures second Saudi investment for Victory Bore vanadium project 18
4.2 Australian Vanadium produces first vanadium electrolyte at Australian plant 18
4.3 Largo reports lower vanadium pentoxide output and sales in 2023 18
4.4 Vanadium Resources enters vanadium pentoxide offtake deal with China's Hexiang 18
4.5 Australian Vanadium reports increase in Australian combined project resources 18
4.6 Golden Deeps posts upgrade in OML vanadium-copper-lead-zinc resources 18
4.7 Largo posts increased vanadium pentoxide production in Q2 18
4.8 Surefire signs agreement with Mid West Ports Authority for magnetite concentrate exports 18
4.9 Largo sees higher production of vanadium pentoxide in Q3 18
4.10 Largo releases quarterly vanadium pentoxide production and sales results 19
4.11 Pangang Vanadium & Titanium inks annual ammonium polyvanadate sale agreement with Dalian Rongke 19
4.12 U.S. Vanadium to increase vanadium pentoxide output 19
4.13 Western Mining reports higher annual production of refined copper, lead and zinc 19
4.14 Huantai Green Vanadium secures mining license for Wuyishan vanadium mine 19
4.15 Essel Mining & Industries to reduce ferrovanadium output 19
4.16 Huantai Zhuofan to build vanadium pentoxide production line 19
4.17 Chengde Xiangfan to build 5ktpa vanadium pentoxide project 19
4.18 R. R. Ferro Alloys' ferrovanadium output reduces 19
4.19 Sichuan Anning's annual V-Ti magnetite concentrate output exceeds 1Mt 20
4.20 Tangshan Xinrong to build 20 bln yuan titanium and vanadium materials project 20
4.21 Huiyun Mining wins exploration right for V-Ti magnetite mine in Xinjiang 20
4.22 Arth Metallurgicals to increase vanadium pentoxide powder output 20
4.23 LB Group partners with Sichuan Resource Group to advance V-Ti industry 20
4.24 Kuncai Technology to invest in South African V-Ti resources base project 20
5. Producers Statistics 20
5.1 Vanadium pentoxide flake 20
5.1.1 The producers number of vanadium pentoxide flake in 2024 20
5.1.2 The production capacity of vanadium pentoxide flake in 2024 20
5.1.3 The operating rate statistics of vanadium pentoxide flake in 2024 21
5.1.4 The output statistics of vanadium pentoxide flake in 2024 21
5.1.5 The inventory statistics of vanadium pentoxide flake in 2024 21
5.2 Vanadium nitride 22
5.2.1 The producers number of vanadium nitride in 2024 22
5.2.2 The production capacity vanadium nitride in 2024 22
5.2.3 The operating rate statistics of vanadium nitride in 2024 22
5.2.4 The output statistics of vanadium nitride in 2024 23
5.2.5 The inventory statistics of vanadium nitride in 2024 23
5.3 Ferrovanadium 23
5.3.1 The producers number of ferrovanadium in 2024 24
5.3.2 The production capacity of ferrovanadium in 2024 24
5.3.3 The operating rate statistics of ferrovanadium in 2024 24
5.3.4 The output statistics of ferrovanadium in 2024 24
5.3.5 The inventory statistics of ferrovanadium in 2024 25
5.4 ammonium metavanadate 25
5.4.1 The producers number of ammonium metavanadate in 2024 25
5.4.2 The production capacity of ammonium metavanadate in 2024 26
5.4.3 The operating rate statistics of ammonium metavanadate in 2024 26
5.4.4 The output statistics of ammonium metavanadate in 2024 26
5.4.5 The inventory statistics of ammonium metavanadate in 2024 27
5.5 Vanadium pentoxide powder 27
5.5.1 The producers number of vanadium pentoxide powder in 2024 27
5.5.2 The production capacity of vanadium pentoxide powder in 2024 27
5.5.3 The operating rate statistics of vanadium pentoxide powder in 2024 28
5.5.4 The output statistics of vanadium pentoxide powder in 2024 28
5.5.5 The inventory statistics of vanadium pentoxide powder in 2024 28
6. Customs Statistics 29
6.1 Chinese export volume of vanadium pentoxide up by 2.02% in 2024 29
6.2 Chinese import volume of vanadium pentoxide down by 52.32% in 2024 29
6.3 Chinese import volume of ferrovanadium (V≥75%) down by 15.76% in 2024 29
6.4 Chinese export volume of ferrovanadium (V≥75%) up by 17.5% in 2024 29
6.5 Chinese import volume of ferrovanadium (V＜75%) down by 97.14% in 2024 30
7. Supply and Demand Outlook 30
7.1 The supply expectation 30
7.1.1 Vanadium pentoxide flake production 30
7.1.2 Vanadium pentoxide flake export 30
7.1.3 Vanadium pentoxide flake import 30
7.1.4 Ferrovanadium production 30
7.1.5 Ferrovanadium export 30
7.1.6 Ferrovanadium import 30
7.1.7 Vanadium nitride production 31
7.1.8 Ammonium metavanadate 31
7.1.9 Vanadium pentoxide powder 31
7.2 The demand expectation 31
7.2.1 Metallurgical demand expectation 31
7.2.2 Chemical demand expectation 31
