Vanadium Industry Annual Report 2025
2026-04-22 09:39:23 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
Vanadium Industry Annual Report 2025
Contents
Vanadium Industry Annual Report 2025 1
1. Definition, Type, Distribution, Applications 4
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 4
1.4.1 Application of Major Vanadium Minerals by Capacity 4
1.4.2 Application of Vanadium Products by Capacity 5
2. Economy and Policy 5
2.1 China releases 2025 Catalogue of Goods Subject to Export License Administration 5
2.2 Feedback received for third batch of third round of central environmental inspections 5
2.3 China's foreign trade up 5% YoY in 2024 5
2.4 China sees major progress in latest round of mineral exploration 5
2.5 China launches nationwide work safety inspections 5
2.6 China to impose additional 34% tariff on all US imports 5
2.7 China raises tariffs on US imports from 34% to 84% 6
2.8 China raises tariffs on imported US products to 125% 6
2.9 China's Q1 foreign trade hits all-time high 6
2.10 China and U.S. reach deal to scale back tariffs 6
2.11 China strengthens control over export of strategic minerals 6
2.12 China acts to curb excessive competition, support private economy 6
2.13 China launches fourth batch of third round of environmental inspections 6
2.14 China's non-oil and gas exploration spending rises for fourth straight year 6
2.15 Xinjiang promotes 162 mining rights projects 6
2.16 China Customs updates procedures for dual-use export control reviews 6
2.17 China launches nationwide crackdown on illegal solid waste disposal 7
2.18 China wraps up on-site phase of latest central environmental inspections 7
2.19 China's H1 foreign trade sets new high 7
2.20 China steps up crackdown on strategic mineral smuggling 7
2.21 China's nonferrous metals industry sees steady growth in H1 2025 7
2.22 China's foreign trade growth in July hits year-to-date high 7
2.23 China moves to seal abandoned mines, crack down on illegal mining 7
2.24 China issues two-year plan to stabilize growth in nonferrous industry 7
2.25 Baotong Mining launches provincial vanadium-titanium quality testing center 7
2.26 China to extend suspension of 24% tariff on U.S. goods 8
2.27 China launches 2025 nationwide workplace safety checks 8
2.28 China launches fifth batch of third-round of environmental inspections 8
2.29 China completes on-site phase for latest central environmental inspections 8
2.30 China issues 2026 tariff adjustment plan 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 99%min EXW China 9
3.1.3 Vanadium pentoxide powder 99.5%min EXW China 10
3.1.4 Vanadium pentoxide flake 98%min EXW China 11
3.1.5 Ferrovanadium 50%min delivered China 11
3.1.6 Vanadium nitride N14%min V77%min delivered China 12
3.2 International Market 13
3.2.1 Ferrovanadium 80%min in warehouse Rotterdam 13
3.2.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 14
3.2.3 Ferrovanadium 80%min in warehouse Pittsburgh 15
3.2.4 Ferrovanadium 50%min in warehouse Russia 15
4. Company News 16
4.1 Dalian Borong begins operation of phase II vanadium electrolyte project 16
4.2 Chengdu V & Ti signs annual ammonium polyvanadate sale deal with Dalian Rongke 16
4.3 Largo reports Q4 and full year 2024 operational and sales results; provides 2025 outlook and guidance 17
4.4 Largo reports Q1 2025 production and sales results; Provides update on operational turnaround plans 17
4.5 Short-process vanadium electrolyte project launched in Yanbian, Sichuan 17
4.6 Rongke Power launches phase one of VFBs electrolyte project 17
4.7 Largo provides update on its operational turnaround progress; delivers improved May production 17
4.8 Sichuan Anning to invest in vanadium-titanium asset integration 17
4.9 Largo reports improved Q2 2025 vanadium production 17
4.10 Terra Metals unveils major maiden resource at Dante Reefs 17
5. Producers Statistics 18
5.1 Vanadium pentoxide flake 18
5.1.1 The producers number of vanadium pentoxide flake in 2025 18
5.1.2 The production capacity of vanadium pentoxide flake in 2025 18
5.1.3 The operating rate statistics of vanadium pentoxide flake in 2025 18
5.1.4 The output statistics of vanadium pentoxide flake in 2025 19
5.1.5 The inventory statistics of vanadium pentoxide flake in 2025 19
5.2 Vanadium nitride 19
5.2.1 The producers number of vanadium nitride in 2025 19
5.2.2 The production capacity vanadium nitride in 2025 20
5.2.3 The operating rate statistics of vanadium nitride in 2025 20
5.2.4 The output statistics of vanadium nitride in 2025 20
5.2.5 The inventory statistics of vanadium nitride in 2025 21
5.3 Ferrovanadium 21
5.3.1 The producers number of ferrovanadium in 2025 21
5.3.2 The production capacity of ferrovanadium in 2025 21
5.3.3 The operating rate statistics of ferrovanadium in 2025 22
5.3.4 The output statistics of ferrovanadium in 2025 22
5.3.5 The inventory statistics of ferrovanadium in 2025 22
5.4 ammonium metavanadate 23
5.4.1 The producers number of ammonium metavanadate in 2025 23
5.4.2 The production capacity of ammonium metavanadate in 2025 23
5.4.3 The operating rate statistics of ammonium metavanadate in 2025 23
5.4.4 The output statistics of ammonium metavanadate in 2025 24
5.4.5 The inventory statistics of ammonium metavanadate in 2025 24
5.5 Vanadium pentoxide powder 24
5.5.1 The producers number of vanadium pentoxide powder in 2025 24
5.5.2 The production capacity of vanadium pentoxide powder in 2025 25
5.5.3 The operating rate statistics of vanadium pentoxide powder in 2025 25
5.5.4 The output statistics of vanadium pentoxide powder in 2025 25
5.5.5 The inventory statistics of vanadium pentoxide powder in 2025 26
6. Customs Statistics 26
6.1 Chinese export volume of vanadium pentoxide up by 19.76% in 2025 26
6.2 Chinese import volume of vanadium pentoxide down by 95.93% in 2025 26
6.3 Chinese import volume of ferrovanadium (V≥75%) down by 75.93% in 2025 27
6.4 Chinese export volume of ferrovanadium (V≥75%) down by 14.98% in 2025 27
6.5 Chinese export volume of wrought vanadium nitride down by 97.14% in 2025 27
7. Supply and Demand Outlook 28
7.1 The supply expectation 28
7.1.1 Vanadium pentoxide flake production 28
7.1.2 Vanadium pentoxide flake export 28
7.1.3 Vanadium pentoxide flake import 28
7.1.4 Ferrovanadium production 28
7.1.5 Ferrovanadium export 28
7.1.6 Ferrovanadium import 28
7.1.7 Vanadium nitride production 28
7.1.8 Ammonium metavanadate 28
7.1.9 Vanadium pentoxide powder 28
7.2 The demand expectation 28
7.2.1 Metallurgical demand expectation 28
7.2.2 Chemical demand expectation 28
Contents
Vanadium Industry Annual Report 2025 1
1. Definition, Type, Distribution, Applications 4
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 4
1.4.1 Application of Major Vanadium Minerals by Capacity 4
1.4.2 Application of Vanadium Products by Capacity 5
2. Economy and Policy 5
2.1 China releases 2025 Catalogue of Goods Subject to Export License Administration 5
2.2 Feedback received for third batch of third round of central environmental inspections 5
2.3 China's foreign trade up 5% YoY in 2024 5
2.4 China sees major progress in latest round of mineral exploration 5
2.5 China launches nationwide work safety inspections 5
2.6 China to impose additional 34% tariff on all US imports 5
2.7 China raises tariffs on US imports from 34% to 84% 6
2.8 China raises tariffs on imported US products to 125% 6
2.9 China's Q1 foreign trade hits all-time high 6
2.10 China and U.S. reach deal to scale back tariffs 6
2.11 China strengthens control over export of strategic minerals 6
2.12 China acts to curb excessive competition, support private economy 6
2.13 China launches fourth batch of third round of environmental inspections 6
2.14 China's non-oil and gas exploration spending rises for fourth straight year 6
2.15 Xinjiang promotes 162 mining rights projects 6
2.16 China Customs updates procedures for dual-use export control reviews 6
2.17 China launches nationwide crackdown on illegal solid waste disposal 7
2.18 China wraps up on-site phase of latest central environmental inspections 7
2.19 China's H1 foreign trade sets new high 7
2.20 China steps up crackdown on strategic mineral smuggling 7
2.21 China's nonferrous metals industry sees steady growth in H1 2025 7
2.22 China's foreign trade growth in July hits year-to-date high 7
2.23 China moves to seal abandoned mines, crack down on illegal mining 7
2.24 China issues two-year plan to stabilize growth in nonferrous industry 7
2.25 Baotong Mining launches provincial vanadium-titanium quality testing center 7
2.26 China to extend suspension of 24% tariff on U.S. goods 8
2.27 China launches 2025 nationwide workplace safety checks 8
2.28 China launches fifth batch of third-round of environmental inspections 8
2.29 China completes on-site phase for latest central environmental inspections 8
2.30 China issues 2026 tariff adjustment plan 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 99%min EXW China 9
3.1.3 Vanadium pentoxide powder 99.5%min EXW China 10
3.1.4 Vanadium pentoxide flake 98%min EXW China 11
3.1.5 Ferrovanadium 50%min delivered China 11
3.1.6 Vanadium nitride N14%min V77%min delivered China 12
3.2 International Market 13
3.2.1 Ferrovanadium 80%min in warehouse Rotterdam 13
3.2.2 Vanadium pentoxide flake 98%min in warehouse Rotterdam 14
3.2.3 Ferrovanadium 80%min in warehouse Pittsburgh 15
3.2.4 Ferrovanadium 50%min in warehouse Russia 15
4. Company News 16
4.1 Dalian Borong begins operation of phase II vanadium electrolyte project 16
4.2 Chengdu V & Ti signs annual ammonium polyvanadate sale deal with Dalian Rongke 16
4.3 Largo reports Q4 and full year 2024 operational and sales results; provides 2025 outlook and guidance 17
4.4 Largo reports Q1 2025 production and sales results; Provides update on operational turnaround plans 17
4.5 Short-process vanadium electrolyte project launched in Yanbian, Sichuan 17
4.6 Rongke Power launches phase one of VFBs electrolyte project 17
4.7 Largo provides update on its operational turnaround progress; delivers improved May production 17
4.8 Sichuan Anning to invest in vanadium-titanium asset integration 17
4.9 Largo reports improved Q2 2025 vanadium production 17
4.10 Terra Metals unveils major maiden resource at Dante Reefs 17
5. Producers Statistics 18
5.1 Vanadium pentoxide flake 18
5.1.1 The producers number of vanadium pentoxide flake in 2025 18
5.1.2 The production capacity of vanadium pentoxide flake in 2025 18
5.1.3 The operating rate statistics of vanadium pentoxide flake in 2025 18
5.1.4 The output statistics of vanadium pentoxide flake in 2025 19
5.1.5 The inventory statistics of vanadium pentoxide flake in 2025 19
5.2 Vanadium nitride 19
5.2.1 The producers number of vanadium nitride in 2025 19
5.2.2 The production capacity vanadium nitride in 2025 20
5.2.3 The operating rate statistics of vanadium nitride in 2025 20
5.2.4 The output statistics of vanadium nitride in 2025 20
5.2.5 The inventory statistics of vanadium nitride in 2025 21
5.3 Ferrovanadium 21
5.3.1 The producers number of ferrovanadium in 2025 21
5.3.2 The production capacity of ferrovanadium in 2025 21
5.3.3 The operating rate statistics of ferrovanadium in 2025 22
5.3.4 The output statistics of ferrovanadium in 2025 22
5.3.5 The inventory statistics of ferrovanadium in 2025 22
5.4 ammonium metavanadate 23
5.4.1 The producers number of ammonium metavanadate in 2025 23
5.4.2 The production capacity of ammonium metavanadate in 2025 23
5.4.3 The operating rate statistics of ammonium metavanadate in 2025 23
5.4.4 The output statistics of ammonium metavanadate in 2025 24
5.4.5 The inventory statistics of ammonium metavanadate in 2025 24
5.5 Vanadium pentoxide powder 24
5.5.1 The producers number of vanadium pentoxide powder in 2025 24
5.5.2 The production capacity of vanadium pentoxide powder in 2025 25
5.5.3 The operating rate statistics of vanadium pentoxide powder in 2025 25
5.5.4 The output statistics of vanadium pentoxide powder in 2025 25
5.5.5 The inventory statistics of vanadium pentoxide powder in 2025 26
6. Customs Statistics 26
6.1 Chinese export volume of vanadium pentoxide up by 19.76% in 2025 26
6.2 Chinese import volume of vanadium pentoxide down by 95.93% in 2025 26
6.3 Chinese import volume of ferrovanadium (V≥75%) down by 75.93% in 2025 27
6.4 Chinese export volume of ferrovanadium (V≥75%) down by 14.98% in 2025 27
6.5 Chinese export volume of wrought vanadium nitride down by 97.14% in 2025 27
7. Supply and Demand Outlook 28
7.1 The supply expectation 28
7.1.1 Vanadium pentoxide flake production 28
7.1.2 Vanadium pentoxide flake export 28
7.1.3 Vanadium pentoxide flake import 28
7.1.4 Ferrovanadium production 28
7.1.5 Ferrovanadium export 28
7.1.6 Ferrovanadium import 28
7.1.7 Vanadium nitride production 28
7.1.8 Ammonium metavanadate 28
7.1.9 Vanadium pentoxide powder 28
7.2 The demand expectation 28
7.2.1 Metallurgical demand expectation 28
7.2.2 Chemical demand expectation 28
