What is the current supply status of ferrovanadium?

The main raw materials of ferrovanadium are vanadium-containing ores, such as vanadium-titanium magnetite, shale ore and stone coal. China has rich vanadium ore resources, which provides a solid raw material foundation for ferrovanadium production. With the increasing difficulty of mining and the improvement of environmental protection requirements, the supply of raw materials also faces certain challenges. China is a major producer and exporter of ferrovanadium in the world, with many large vanadium product manufacturers, such as Pangang Vanadium Titanium, Hegang Chengde, etc. These companies have high production capacity and can meet the needs of domestic and foreign markets. With the continuous advancement of technology and the improvement of production processes, the output of ferrovanadium is also growing steadily.