Monthly Vanadium Market Report Jun 2025

Contents

1. Market Highlights 2
2. Economy and Policy 2
2.1 Xinjiang promotes 162 mining rights projects 2
2.2 China Customs updates procedures for dual-use export control reviews 2
2.3 China launches nationwide crackdown on illegal solid waste disposal 2
3. Market Movements 2
3.1 Chinese market 2
3.1.1 Ammonium Metavanadate 98%min EXW China 2
3.1.2 Vanadium pentoxide powder 99%min EXW China 3
3.1.Asian Metal Copyright1 China's vanadium pentoxide export volume declined 30.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 4
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 Rongke Power launches phase one of VFBs electrolyte project 4
4.2 District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden 4
4.3 Largo provides update on its operational turnaround progress; delivers improved May production 5
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 6
5.2.3 Chinese vanadium pentoxide powder producers' inventory 6
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 8
6.1 China's vanadium pentoxide export volume declined 30.38% MoM in May 2025 8
6.2 China's vanadium pentoxide import volume increased 657.14% MoM in May 2025 8
6.3 China's unwrought vanadium nitride export volume increased 323.72% YoY in May 2025 9
.Asian Metal Copyright1 Chinese ammonium metavanadate producers' operating rate 6 5Asian Metal Copyright