Ferrovanadium & Vanadium-oxides

Ferrovanadium is an alloy of iron with 60% - 80% vanadium. FeV has a deoxidizing effect on steel. In addition, vanadium improves the alloy structure of steels, particularly by increasing hardness, toughness and resistance to impact and impact. FeV is obtained either by aluminothermic reduction of a mixture of vanadium oxide and scrap iron or by reduction of a vanadium-iron mixture with coal. It is used as an alloy additive for steels in proportions of <0.2% for structural steels, up to 0.5% for tool steels and up to 5% for high-speed steels. In 2020, Vanadium was traded over the platform at 20.11-23.10 €/kg V for FeV and 5.40-6.80 $/lb V for V2O5 flakes.

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Frequently traded on Metalshub

Steel applications include gears components, axles, crankshafts, and other highly critical steel components.

Name	Price Range 2020	Abbreviation	Size (mm)	V Content (%)
Ferrovanadium	20.19 - 23.20 €/kg V	FeV	0.5 - 5 (fines)	75 - 85
Ferrovanadium	20.11 - 23.10 €/kg V	FeV	10 - 100 (lumpy)	75 - 85
Vanadium Pentoxide flakes	5.40 - 6.80 $/lb V	V2O5 flakes	55 x 55	98 - 100

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Application of relevant Vanadium types

Ferrovanadium (FeV):

Ferrovanadium is an alloy of iron and vanadium with a vanadium content of 35-85 wt% which is mainly used in steel production.

Vanadium Pentoxide flakes (V2O5):

Vanadium pentoxide flakes are a vanadium intermediate mostly used as a base for the production of ferrovanadium.

Vanadium Pentoxide powder (V2O5):

Vanadium pentoxide is also available in form of powder.

Vanadium Carbonitride briquettes (VCN briq):

Vanadium carbonitride briquettes are an alloying agent that, in addition to vanadium, also enables the cost-effective addition of nitrogen to steel melts.