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Article: Evraz targets third of global vanadium market (Part 2).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- February 28, 2007
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Evraz targets third of global vanadium market (Part 2)
MOSCOW. Feb 28 (Interfax) - Evraz Group intends to control a third of the world's vanadium market, Alexander Abramov, a member of the No.1 Russian steel producer's board of directors, said at a conference on Metallurgy and RZD - A Strategy for Mutual Success.
"Evraz Group intends to control one-third of the vanadium market and to dominate it in time," Abramov said.
Abramov said the market was about 250,000 tonnes in vanadium slag equivalent.
Three companies - China's Pangang, Evraz Group's Kachkanarsky GOK and Highveld - control 53% of the world's vanadium market, analysts have ...