Global vanadium consumption is expected to grow 10%

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According to TTP Squared, Inc's Terry Perles said, thanks to the global steel production and consumption of vanadium ,2010-simultaneous increase in the strength of world vanadium consumption by 2015, the average annual growth rate of 10.4% is expected in 2015, consumption will reach 99,000 tons of vanadium and predict the price of vanadium pentoxide in 2011 -2012 in the 5.5-13.5 in dollar / pound ranges.
Terry Perles said that the world crude steel in 1999 -2007 annual growth rate of 7.0% in 1999 -2010 was 5.5% in 2000 -2010 was 5.0%.
China's steel production at a compound annual average growth rate in 1999 -2007 was 18.8%, 15.9% in 1999 -2010, other countries,nickel powder, only 3.3% and 1.5%.
1999 -2010,nickel powder msds, the Chinese consumption growth rate of V 20.5%,nickel powder exporter, while the rest of the world is only 1.5%.
The next five years, China's crude steel growth rate of about 6.02% vanadium consumption growth rate of 4.5%. 8.12% for the rest of the world, vanadium consumption growth rate of 2.52%.
In the report, he further suggested that the future of vanadium slag vanadium ore native will be the impact of supply growth in market supply and demand balance of vanadium factors. Another application of vanadium in the field of energy storage may become a highlight of future growth in demand for vanadium.  Source:  http://www.mhcmp.com