Vanadium Industry Annual Report 2022
2023-02-20 19:35:00 【Print】
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Contents
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 5
1.4.1 Application of Major Vanadium Minerals by Capacity 5
1.4.2 Application of Vanadium Products by Capacity 5
2. Economy and Policy 6
2.1 Central Bank: China's macro leverage ratio declines for five consecutive quarters 6
2.2 The EU imposes anti-dumping duties on steel fasteners of Chinese origin 6
2.3 The outbreak of Russia-Ukraine war may seriously inhibit the output of Russian vanadium products 6
2.4 Russia-Ukraine conflict stimulates a surge in international vanadium prices 6
2.5 The United States announced new sanctions against Russia banning the supply of U.S. dollar bills to the country 6
2.6 Western society imposes "paralyzing sanctions" on Russia 6
2.7 The new outbreak of COVID-19 in China makes manufacturing activities slow down 6
2.8 The freight industry stagnation under COVID-19 control makes Chinese manufacturing industry trapped in both raw materials and sales 7
2.9 The central government allocated RMB400 billion in advance to stabilize the macro economy 7
2.10 Europe faces energy crisis and many countries restart coal generation 7
2.11 G7 summit starts and the Western camp intensifies economic sanctions against Russia 7
2.12 The continued improvement in foreign trade contributes to the steady growth of China GDP 7
2.13 More than RMB2.1 trillion of tax credits and rebates are deposited into accounts to boost confidence and stabilize the economy 7
2.14 Container sea-freight rates fell for 27 consecutive weeks and down by 39% YoY 7
2.15 The exchange rate of RMB against US dollar brakes 7 7
2.16 Ministry of Finance of China: State-owned economy continues to recover 8
2.17 IIF: China is expected to be the only growth driver for the weak global economy next year 8
2.18 The overall PMI of China's manufacturing industry declines and the pressure to stabilize growth keeps increasing 8
2.19 Morgan Stanley raises China's GDP growth forecast for 2023 8
2.20 China's goods trade surplus in November stays at RMB351.1 billion 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 98%min EXW China 9
3.1.3 Vanadium pentoxide powder 99%min EXW China 10
3.1.4 Vanadium pentoxide powder 99.5%min EXW China 11
3.1.5 Vanadium pentoxide flake 98%min EXW China 12
3.1.6 Ferrovanadium 50%min delivered China 13
3.1.7 Vanadium nitride N14%min V77%min delivered China 13
3.2 Import Market 14
3.2.1 Ferrovanadium 50%min CIF China 14
3.2.2 Ferrovanadium 50%min in port China 15
3.2.3 Vanadium pentoxide flake 92%min CIF China 16
3.2.4 Vanadium pentoxide flake 92%min in port China 17
3.2.5 Vanadium pentoxide flake 98%min CIF China 18
3.2.6 Vanadium pentoxide flake 98%min in port China 19
3.3 International Market 20
3.3.1 Ferrovanadium 80%min in warehouse Rotterdam 20
3.3.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 20
3.3.3 Ferrovanadium 80%min in warehouse Pittsburgh 21
3.3.4 Ferrovanadium 50%min in warehouse Russia 22
4. Company News 23
4.1 Acetron's subsidiary to build vanadium alloy and other new material production project 23
4.2 Aura Energy provides vanadium estimate of 18.4 million pounds at Mauritania Project 23
4.3 Chengsteel becomes biggest supplier of transmission shaft grade vanadium steel for Wuxi Fast Tube 23
4.4 Golden Deeps reports further high-grade Cu-V-Pb mineralisation at Nosib Block Prospect 23
4.5 First auction of exploration right of vanadium mine in Dunhuang closes deal at RMB180 million 24
4.6 Chuxiong Prefecture Government and Desheng Group hold signing ceremony of Yunnan V-Ti Metal Ecological Industrial Park project 24
4.7 HaiDe Limited signs all-vanadium redox flow energy storage battery industry development cooperation agreement 24
4.8 U.S. launches first anti-dumping sunset review investigation on ferrovanadium 24
4.9 Australian Vanadium signs third LOI for iron titanium co-product with international steelmaker 24
4.10 HBIS Wusteel develops thickest Cr-Mo steel plate adding vanadium in China 24
4.11 HBIS's thickest Cr-Mo steel plate adding vanadium to replace import material 24
4.12 Australian Vanadium signs MoU with clean energy firm for vanadium redox flow batteries 25
4.13 Australian Vanadium hopes to raise A$27.5 million to fund flagship vanadium project in WA 25
4.14 QEM commissions pilot plant to test vanadium pentoxide production 25
4.15 Voyager Metals announces updated MRE at Mont Sorcier Iron and Vanadium Project 25
4.16 Thor Mining receives uranium and vanadium drilling approvals in U.S. 25
4.17 Phenom Resources acquires 100% of Carlin Gold-Vanadium Project 25
4.18 Jianlong Xilin Steel Vanadium and Titanium project settles in Yichun of Heilongjiang 25
4.19 LB Group's subsidiary signs investment cooperation agreement on comprehensive recycling valuable metals 25
4.20 Vanadium Corp Resources announces $4 million financing for vanadium-titanium properties 26
4.21 HBIS: 1,000tpy high purity vanadium production line built 26
4.22 S. issues final results of expedited sunset review of anti-dumping on ferrovanadium from Republic of Korea 26
4.23 Richmond Vanadium invests up to $5M in Ultra Power Systems 26
4.24 Australian Vanadium to supply 50kt of ferrotitanium coproduct to Wingsing International 26
4.25 Australian Vanadium to supply 50kt of ferrotitanium coproduct to Wingsing International 26
4.26 Pangang Group Vanadium & Titanium: Anshan Iron and Steel to transfer 10.80% of company equity to Ansteel Group 26
4.27 Pangang Group Vanadium & Titanium establishes joint venture company to construct electrolyte production line 26
4.28 Chongqing Iron and Steel realizes mass production for HRB400E rebar without vanadium 26
4.29 Currie Rose updates indicated vanadium pentoxide resource of 61.33Mt 27
4.30 Currie Rose updates indicated vanadium pentoxide resource of 61.33Mt 27
4.31 Sichuan plans to promote high-quality development of vanadium and titanium industry 27
4.32 Pangang Group Vanadium & Titanium signs vanadium battery energy storage material agreement with Dalian Rongke 27
4.33 Xichang Vanadium-Titanium Industrial Park signs projects of RMB4 billion 27
4.34 Currie Rose reports indicated vanadium resource of 61.33Mt 27
5. Producers Statistics 27
5.1 Vanadium pentoxide flake 27
5.1.1 The producers number of vanadium pentoxide flake in 2022 27
5.1.2 The production capacity of vanadium pentoxide flake in 2022 28
5.1.3 The operating rate statistics of vanadium pentoxide flake in 2022 28
5.1.4 The output statistics of vanadium pentoxide flake in 2022 29
5.1.5 The inventory statistics of vanadium pentoxide flake in 2022 29
5.2 Vanadium nitride 29
5.2.1 The producers number of vanadium nitride in 2022 29
5.2.2 The production capacity vanadium nitride in 2022 30
5.2.3 The operating rate statistics of vanadium nitride in 2022 30
5.2.4 The output statistics of vanadium nitride in 2022 30
5.2.5 The inventory statistics of vanadium nitride in 2022 31
5.3 Ferrovanadium 31
5.3.1 The producers number of ferrovanadium in 2022 31
5.3.2 The production capacity of ferrovanadium in 2022 31
5.3.3 The operating rate statistics of ferrovanadium in 2022 32
5.3.4 The output statistics of ferrovanadium in 2022 32
5.3.5 The inventory statistics of ferrovanadium in 2022 33
5.4 ammonium metavanadate 33
5.4.1 The producers number of ammonium metavanadate in 2022 33
5.4.2 The production capacity of ammonium metavanadate in 2022 33
5.4.3 The operating rate statistics of ammonium metavanadate in 2022 34
5.4.4 The output statistics of ammonium metavanadate in 2022 34
5.4.5 The inventory statistics of ammonium metavanadate in 2022 34
5.5 Vanadium pentoxide powder 35
5.5.1 The producers number of vanadium pentoxide powder in 2022 35
5.5.2 The production capacity of vanadium pentoxide powder in 2022 35
5.5.3 The operating rate statistics of vanadium pentoxide powder in 2022 36
5.5.4 The output statistics of vanadium pentoxide powder in 2022 36
5.5.5 The inventory statistics of vanadium pentoxide powder in 2022 36
6. Customs Statistics 37
6.1 Chinese export volume of vanadium pentoxide up by 19.7% in 2022 37
6.2 Chinese import volume of vanadium pentoxide down by 50.4% in 2022 37
6.3 Chinese import volume of ferrovanadium (V≥75%) down by 18.3% in 2022 37
6.4 Chinese export volume of ferrovanadium (V≥75%) up by 22.6% in 2022 38
6.5 Chinese import volume of ferrovanadium (V＜75%) down by 49.2% in 2022 38
7. Relevant Industry News 38
7.1 Prices trend for downstream products of vanadium 38
8. Supply and Demand Outlook 39
8.1 The supply expectation 39
8.1.1 Vanadium pentoxide flake production 39
8.1.2 Vanadium pentoxide flake export 39
8.1.3 Vanadium pentoxide flake import 39
8.1.4 Ferrovanadium production 39
8.1.5 Ferrovanadium export 39
8.1.6 Ferrovanadium import 40
8.1.7 Vanadium nitride production 40
8.1.8 Ammonium metavanadate 40
8.1.9 Vanadium pentoxide powder 40
8.2 The demand expectation 40
8.2.1 Metallurgical demand expectation 40
8.2.2 Chemical demand expectation 40
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 5
1.4.1 Application of Major Vanadium Minerals by Capacity 5
1.4.2 Application of Vanadium Products by Capacity 5
2. Economy and Policy 6
2.1 Central Bank: China's macro leverage ratio declines for five consecutive quarters 6
2.2 The EU imposes anti-dumping duties on steel fasteners of Chinese origin 6
2.3 The outbreak of Russia-Ukraine war may seriously inhibit the output of Russian vanadium products 6
2.4 Russia-Ukraine conflict stimulates a surge in international vanadium prices 6
2.5 The United States announced new sanctions against Russia banning the supply of U.S. dollar bills to the country 6
2.6 Western society imposes "paralyzing sanctions" on Russia 6
2.7 The new outbreak of COVID-19 in China makes manufacturing activities slow down 6
2.8 The freight industry stagnation under COVID-19 control makes Chinese manufacturing industry trapped in both raw materials and sales 7
2.9 The central government allocated RMB400 billion in advance to stabilize the macro economy 7
2.10 Europe faces energy crisis and many countries restart coal generation 7
2.11 G7 summit starts and the Western camp intensifies economic sanctions against Russia 7
2.12 The continued improvement in foreign trade contributes to the steady growth of China GDP 7
2.13 More than RMB2.1 trillion of tax credits and rebates are deposited into accounts to boost confidence and stabilize the economy 7
2.14 Container sea-freight rates fell for 27 consecutive weeks and down by 39% YoY 7
2.15 The exchange rate of RMB against US dollar brakes 7 7
2.16 Ministry of Finance of China: State-owned economy continues to recover 8
2.17 IIF: China is expected to be the only growth driver for the weak global economy next year 8
2.18 The overall PMI of China's manufacturing industry declines and the pressure to stabilize growth keeps increasing 8
2.19 Morgan Stanley raises China's GDP growth forecast for 2023 8
2.20 China's goods trade surplus in November stays at RMB351.1 billion 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 98%min EXW China 9
3.1.3 Vanadium pentoxide powder 99%min EXW China 10
3.1.4 Vanadium pentoxide powder 99.5%min EXW China 11
3.1.5 Vanadium pentoxide flake 98%min EXW China 12
3.1.6 Ferrovanadium 50%min delivered China 13
3.1.7 Vanadium nitride N14%min V77%min delivered China 13
3.2 Import Market 14
3.2.1 Ferrovanadium 50%min CIF China 14
3.2.2 Ferrovanadium 50%min in port China 15
3.2.3 Vanadium pentoxide flake 92%min CIF China 16
3.2.4 Vanadium pentoxide flake 92%min in port China 17
3.2.5 Vanadium pentoxide flake 98%min CIF China 18
3.2.6 Vanadium pentoxide flake 98%min in port China 19
3.3 International Market 20
3.3.1 Ferrovanadium 80%min in warehouse Rotterdam 20
3.3.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 20
3.3.3 Ferrovanadium 80%min in warehouse Pittsburgh 21
3.3.4 Ferrovanadium 50%min in warehouse Russia 22
4. Company News 23
4.1 Acetron's subsidiary to build vanadium alloy and other new material production project 23
4.2 Aura Energy provides vanadium estimate of 18.4 million pounds at Mauritania Project 23
4.3 Chengsteel becomes biggest supplier of transmission shaft grade vanadium steel for Wuxi Fast Tube 23
4.4 Golden Deeps reports further high-grade Cu-V-Pb mineralisation at Nosib Block Prospect 23
4.5 First auction of exploration right of vanadium mine in Dunhuang closes deal at RMB180 million 24
4.6 Chuxiong Prefecture Government and Desheng Group hold signing ceremony of Yunnan V-Ti Metal Ecological Industrial Park project 24
4.7 HaiDe Limited signs all-vanadium redox flow energy storage battery industry development cooperation agreement 24
4.8 U.S. launches first anti-dumping sunset review investigation on ferrovanadium 24
4.9 Australian Vanadium signs third LOI for iron titanium co-product with international steelmaker 24
4.10 HBIS Wusteel develops thickest Cr-Mo steel plate adding vanadium in China 24
4.11 HBIS's thickest Cr-Mo steel plate adding vanadium to replace import material 24
4.12 Australian Vanadium signs MoU with clean energy firm for vanadium redox flow batteries 25
4.13 Australian Vanadium hopes to raise A$27.5 million to fund flagship vanadium project in WA 25
4.14 QEM commissions pilot plant to test vanadium pentoxide production 25
4.15 Voyager Metals announces updated MRE at Mont Sorcier Iron and Vanadium Project 25
4.16 Thor Mining receives uranium and vanadium drilling approvals in U.S. 25
4.17 Phenom Resources acquires 100% of Carlin Gold-Vanadium Project 25
4.18 Jianlong Xilin Steel Vanadium and Titanium project settles in Yichun of Heilongjiang 25
4.19 LB Group's subsidiary signs investment cooperation agreement on comprehensive recycling valuable metals 25
4.20 Vanadium Corp Resources announces $4 million financing for vanadium-titanium properties 26
4.21 HBIS: 1,000tpy high purity vanadium production line built 26
4.22 S. issues final results of expedited sunset review of anti-dumping on ferrovanadium from Republic of Korea 26
4.23 Richmond Vanadium invests up to $5M in Ultra Power Systems 26
4.24 Australian Vanadium to supply 50kt of ferrotitanium coproduct to Wingsing International 26
4.25 Australian Vanadium to supply 50kt of ferrotitanium coproduct to Wingsing International 26
4.26 Pangang Group Vanadium & Titanium: Anshan Iron and Steel to transfer 10.80% of company equity to Ansteel Group 26
4.27 Pangang Group Vanadium & Titanium establishes joint venture company to construct electrolyte production line 26
4.28 Chongqing Iron and Steel realizes mass production for HRB400E rebar without vanadium 26
4.29 Currie Rose updates indicated vanadium pentoxide resource of 61.33Mt 27
4.30 Currie Rose updates indicated vanadium pentoxide resource of 61.33Mt 27
4.31 Sichuan plans to promote high-quality development of vanadium and titanium industry 27
4.32 Pangang Group Vanadium & Titanium signs vanadium battery energy storage material agreement with Dalian Rongke 27
4.33 Xichang Vanadium-Titanium Industrial Park signs projects of RMB4 billion 27
4.34 Currie Rose reports indicated vanadium resource of 61.33Mt 27
5. Producers Statistics 27
5.1 Vanadium pentoxide flake 27
5.1.1 The producers number of vanadium pentoxide flake in 2022 27
5.1.2 The production capacity of vanadium pentoxide flake in 2022 28
5.1.3 The operating rate statistics of vanadium pentoxide flake in 2022 28
5.1.4 The output statistics of vanadium pentoxide flake in 2022 29
5.1.5 The inventory statistics of vanadium pentoxide flake in 2022 29
5.2 Vanadium nitride 29
5.2.1 The producers number of vanadium nitride in 2022 29
5.2.2 The production capacity vanadium nitride in 2022 30
5.2.3 The operating rate statistics of vanadium nitride in 2022 30
5.2.4 The output statistics of vanadium nitride in 2022 30
5.2.5 The inventory statistics of vanadium nitride in 2022 31
5.3 Ferrovanadium 31
5.3.1 The producers number of ferrovanadium in 2022 31
5.3.2 The production capacity of ferrovanadium in 2022 31
5.3.3 The operating rate statistics of ferrovanadium in 2022 32
5.3.4 The output statistics of ferrovanadium in 2022 32
5.3.5 The inventory statistics of ferrovanadium in 2022 33
5.4 ammonium metavanadate 33
5.4.1 The producers number of ammonium metavanadate in 2022 33
5.4.2 The production capacity of ammonium metavanadate in 2022 33
5.4.3 The operating rate statistics of ammonium metavanadate in 2022 34
5.4.4 The output statistics of ammonium metavanadate in 2022 34
5.4.5 The inventory statistics of ammonium metavanadate in 2022 34
5.5 Vanadium pentoxide powder 35
5.5.1 The producers number of vanadium pentoxide powder in 2022 35
5.5.2 The production capacity of vanadium pentoxide powder in 2022 35
5.5.3 The operating rate statistics of vanadium pentoxide powder in 2022 36
5.5.4 The output statistics of vanadium pentoxide powder in 2022 36
5.5.5 The inventory statistics of vanadium pentoxide powder in 2022 36
6. Customs Statistics 37
6.1 Chinese export volume of vanadium pentoxide up by 19.7% in 2022 37
6.2 Chinese import volume of vanadium pentoxide down by 50.4% in 2022 37
6.3 Chinese import volume of ferrovanadium (V≥75%) down by 18.3% in 2022 37
6.4 Chinese export volume of ferrovanadium (V≥75%) up by 22.6% in 2022 38
6.5 Chinese import volume of ferrovanadium (V＜75%) down by 49.2% in 2022 38
7. Relevant Industry News 38
7.1 Prices trend for downstream products of vanadium 38
8. Supply and Demand Outlook 39
8.1 The supply expectation 39
8.1.1 Vanadium pentoxide flake production 39
8.1.2 Vanadium pentoxide flake export 39
8.1.3 Vanadium pentoxide flake import 39
8.1.4 Ferrovanadium production 39
8.1.5 Ferrovanadium export 39
8.1.6 Ferrovanadium import 40
8.1.7 Vanadium nitride production 40
8.1.8 Ammonium metavanadate 40
8.1.9 Vanadium pentoxide powder 40
8.2 The demand expectation 40
8.2.1 Metallurgical demand expectation 40
8.2.2 Chemical demand expectation 40
