VANADIUM: ESTIMATED MARKET DEFICIT IN 2008 REVISED DOWN TO 1.7Mlb--Market projected to be in balance in 2009

摘要

In mid-2008, the world market balance for vanadium was forecast by Sojitz to show a deficit of 5.8Mlb (2,630t) V_2O_5 in 2008, as electricity shortages resulted in lower South African production. South African output is still estimated to have fallen by 14 percent (to 74.3Mlb) in 2008. Falling vehicle sales since autumn 2008 have led to lower steel production and lower demand for vanadium steel additives, however. As a result, the supply deficit for vanadium is now estimated at just 1.7Mlb (770t) V_2O_5 in 2008.