Date: Mar 11, 2019
www.ferroalloynet.com: FerroAlloyNet just held the 8th International Vanadium Products Summit in Chengde, Hebei, China on 6-8 March, 2018, more than 300 companies and 400 people had attended this summit. Many professors such as Terry Perles, Erik Sardain, Dr. Yang Caifu, Mr, Chen Donghui, Ms. Zhu Tingting and other 7 speakers gave some suggestion about this vanadium market and technology development.
According to Terry Perles, Ex China steel production has grown by 0.8% compound annual growth rate (CAGR) 2012-2018 and it is expect ex China steel production to grow at a CAGR of 1.3% 2018-2025. And the ex China specific vanadium consumption rate has grown at a CAGR of 1.2% 2012-2018. It assumes China vanadium consumption may grow from 50,075 metric tons vanadium (MTV) in 2018 to 59,494 MTV in 2025 (2.5% CAGR).
