Global Vanadium Usage Increased at AAGR of 6.7% between 2001 and 2013

Share Article has included a new research report based on the global as well as Chinese market of vanadium, titled “Global and China Vanadium Industry Report 2014-2017,” to its huge collection of market research reports.

These vanadium reserves are mostly found in China, South Africa, Russia, and other nations. Around 151,000 tons of vanadium were produced globally in 2013, up 11% year on year. The global vanadium usage increased at 6.7% AAGR during the period from 2001 to 2013, of which, the steel and iron industry, being the largest consumer, accounted for more than 90% of total vanadium industry in 2013, followed by titanium-vanadium alloy and the chemical industry.

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The report specifically talks about China, which is the world’s biggest vanadium producing nation. The country, having a capacity of around 100 kt/a, accounted for 57% to that of the total world’s vanadium production in 2013. It also account for the fastest development and maximum consumption of vanadium products in the world, with vanadium consumption growing from 5.3 kilotons to 57 kilotons from 2001 to 2013 at around 22% AAGR.

This vanadium industry research report having 2014-2017 forecasts offers data and information on vanadium ore resources and the amount produced, demand, and prices of vanadium products in the world. It also discusses about vanadium ore resources, its supply and demand, export and import of vanadium products in China, price, and the profile, operations, vanadium business, and other facts of the four major players of the vanadium industry in the world, Atlantic Ltd, EVRAZ Highveld Steel, Vanadium Corporation, and American Vanadium Corp.

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Pangang Group Vanadium Titanium and Resources is the biggest vanadium production company of China. It has a manufacturing capability of 20 kt/a vanadium product at present. In addition to this, Pangang Group is the only high vanadium ferroalloy (FeV80) producer in the Chinese vanadium industry. In the first six months of 2014, Pangang Group’s vanadium products garnered US$0.26 billion in revenue, down 4.8% year on year.

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Hebei Iron and Steel is one of the largest titanium-vanadium manufacturing bases in China. It has six nitrogen-vanadium alloy manufacturing lines, with products to be sold abroad to more than 10 countries and regions. It accounts for approximately 8% share in the global vanadium industry. The revenue of the company from vanadium products in the first six months of 2014 was US$62 million, up 2.4% year on year.

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