India’s burgeoning steel demand, which is expected to record even bigger growth than China, will lead to unprecedented demand in coming years for Vanadium, a metal primarily used a steel strengthener.
Vanadium is one of the metals of the future, and investing in it is a sure-fire bet, at least for the long-term. With optimism on the immediate horizon, global demand for vanadium is also expected to rise in 2010.
Though some metal prices have fallen to new lows in recent months, analysts maintain that vanadium prices are still 60% higher than they were two years ago. Where do we go from here?
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