BEIJING (Asian Metal) 11 Mar 22 – Due to the tough economic sanctions against Russia, European vanadium insiders worry about the shortage of resources and vanadium pentoxide flake 98%min market mentality keeps going strong during the past week. Currently, the mainstream prices of European vanadium pentoxide flake 98%min stand at USD12.1-12.3/lb V2O5 in warehouse Rotterdam, up by USD0.3/lb V2O5 from late last week. Considering that the strong market mentality continues, insiders believe that mainstream prices of European vanadium pentoxide flake 98%min would move up further in the coming week.
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