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23 Aug 2017
“The new standard is dedicated to increase earthquake resistance of rebar used in construction, while the new standard might be officially released in September,” Glushakov said.
He said this could add “further positive momentum” to the vanadium price outlook with China’s vanadium production impacted by a government environmental crackdown.
Vanadium prices have hit multi-year highs in recent weeks in anticipation of the crackdown and possible mine closures, prompting strong investor interest in vanadium-exposed equities.
Glushakov noted about 90% of vanadium was consumed by rebar producers and said the news was positive for integrated steel, mining and vanadium company Evraz (LN:EVR), which sells about 20,000t of ferro-vanadium products a year.
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