Monthly Vanadium Market Report Apr 2025

Contents

1. Market Highlights 3
2. Economy and Policy 3
2.1 China to impose additional 34% tariff on all US imports 3
2.2 China raises tariffs on US imports from 34% to 84% 3
2.3 China raises tariffs on imported US products to 125% 3
2.4 China's Q1 foreign trade hits all-time high 3
3. Market Movements 3
3.1 Chinese market 3
3.1.1 Ammonium Metavanadate 98%min EXW China 3
3.1.2 Vanadium pentoxide powder 99%min EXW China 3
3.1.Asian Metal Copyright1.Asian Metal Copyright3 Vanadium pentoxide powder 99.5%min EXW China 3
3.1.4 Vanadium pentoxide flake 98%min EXW China 3
3.1.5 Ferrovanadium 50%min delivered China 3
3.1.6 Vanadium nitride N14%min V77%min delivered China 3
3.2 International Market 3
3.2.1 Ferrovanadium 80%min in warehouse Rotterdam 3
3.2.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 3
3.2.3 Ferrovanadium 80%min in warehouse Pittsburgh 4
3.2.4 Ferrovanadium 50%min in warehouse Russia 4
4. Company News 4
4.1 Hebei Xinrui resumes ammonium metavanadate production 4
4.2 Panzhihua Zhuoyue reduces vanadium pentoxide flake production 4
4.3 Dechang Dongyuan ceased production of vanadium pentoxide flake 4
4.4 West Mining Vanadium Technology to cease ammonium metavanadate production 4
4.5 Chengde Chenggang Zhuyu ceased production of ammonium metavanadate 4
4.6 Chengde Jinke to resume vanadium nitride production 4
4.7 Largo reports Q1 2025 production and sales results; Provides update on operational turnaround plans 4
5. Producer Statistics 5
5.1 Vanadium pentoxide flake 5
5.1.1 Chinese vanadium pentoxide flake producers' operating rate 5
5.1.2 Chinese vanadium pentoxide flake producers' output 5
5.1.3 Chinese vanadium pentoxide flake producers' inventory 5
5.2 Vanadium pentoxide powder 5
5.2.1 Chinese vanadium pentoxide powder producers' operating rate 5
5.2.2 Chinese vanadium pentoxide powder producers' output 5
5.2.3 Chinese vanadium pentoxide powder producers' inventory 5
5.3 Ammonium metavanadate 6
5.3.1 Chinese ammonium metavanadate producers' operating rate 6
5.3.2 Chinese ammonium metavanadate producers' output 6
5.3.3 Chinese ammonium metavanadate producers' inventory 6
5.4 Ferrovanadium 6
5.4.1 Chinese ferrovanadium producers' operating rate 6
5.4.2 Chinese ferrovanadium producers' output 7
5.4.3 Chinese ferrovanadium producers' inventory 7
5.5 Vanadium nitride 7
5.5.1 Chinese vanadium nitride producers' operating rate 7
5.5.2 Chinese vanadium nitride producers' output 7
5.5.3 Chinese vanadium nitride producers' inventory 7
6. Import and Export Statistics 7
6.1 China's vanadium pentoxide export volume grew 210.19% MoM in Mar 2025 7
6.2 United States' vanadium oxides import volume decreased 67.20% YoY in Jan 2025 8
.Asian Metal Copyright2 Panzhihua Zhuoyue reduces vanadium pentoxide flake production 4 4Asian Metal Copyright