A two-fold increase in the price of palladium since last April nearly represents a 25-month high and is partly being driven by demand in Exchange Traded Funds. Industrial demand for the metal is further underscored by the growing car market in China and worldwide.
Following the upward trend of vanadium prices, the price for iron ore fines has also improved. Despite a depressed steel market, a notable recovery is evident in the vanadium market since the year end, with prices reacting to positive market demand.
Get our independent commentary on resource trends and companies delivered to your inbox.
