MetalBulletin reported that ferro-vanadium prices dropped this week after a large European consumer secured significantly lower-priced material.
Vanadium Market News Directory
Tengri News reported that a vanadium deposit in southern Kazakhstan is among the world's five largest.
Sources told MetalBulletin on Aug. 28 that ferro-vanadium is no longer available in Europe at prices below $26 per kg, delivered.
Ferro-vanadium prices, dragged down in recent weeks, do not have much further to fall, says MetalBulletin.
Mining Weekly reported that vanadium miner Atlantic has secured a financing facility for $28.5 million that will help to fund the Windimurra project.
Mining Weekly reported that Evraz feels that much progress had been made to improve relations with workers after wide-spread strikes in 2012, which hampered their production.
Mining Weekly reported that Evraz plans to sell 85% of its steel and vanadium producer Evraz Highveld to a black empowerment group for $320 million, marking the largest BEE transaction in the South African Steel Industry.
Mining Weekly reported that TNG has updated their resource estimate at their Mt. Peake project, which reports 86 percent of the estimate falling in either the measured or indicated category.
Mining Weekly reported that Evraz Highveld is working proactively to resolve labour disputes after a four-week work stoppage in the summer that negatively impacted their financial results.
Mining Weekly reported that the South African government is taking steps to move miners towards benefication with the introduction of hefty additional R&D tax incentives for mining companies.