Commodity Market Report
Noble steel alloys short-term outlook February 2022
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Noble alloys prices have been well supported in early 2022, as demand recovers following the easing of pandemic-related restrictions. Molybdenum prices remain elevated, with market tightness set to continue into 2022 due to weak production growth. Ferroniobium prices have remained stable so far this year, but niobium supply is set to increase following the commissioning of new capacity. Rising vanadium production in South Africa and Brazil will result in a shrinking market deficit in 2022 before returning to surplus in 2023.
Table of contents
- Molybdenum
- Niobium
- Vanadium
-
Molybdenum
- Prices to remain elevated through 2023
-
Niobium
- Niobium prices to ease back to historical levels through 2023
-
Vanadium
- Vanadium pentoxide prices continue to rise through March
- Ferrovanadium prices to follow pentoxide, but show less relative decline
-
Molybdenum
- Steel and stainless steel production to underpin demand in 2022
-
Niobium
- Niobium demand continues to rise, but still below 2018 and 2019 levels
-
Vanadium
- VRB installations to pick up pace in 2022
-
Molybdenum
- Weak guidance results in cut to supply growth forecasts
-
Niobium
- Niobium production continues strong growth
-
Vanadium
- Vanadium supply continues upward trajectory
Tables and charts
This report includes the following images and tables:
- Molybdenum key forecasts
- Niobium key forecasts
- Vanadium key forecasts
- Europe molybdenum oxide and ferromolybdenum prices
- China-Europe molybdenum oxide and FeMo price spread (US$/kg Mo) and net imports (kt Mo)
- Ferroniobium prices
- Vanadium pentoxide prices
- Ferrovanadium prices
- Finished molybdenum consumption (kt Mo)
- Vanadium demand
- Molybdenum mine production by country (kt Mo)
- Niobium production by country
- 2 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Global oil supply short-term update - February 2020
Strong project execution drives non-OPEC supply growth to 2.4 million b/d in 2020.
$1,650
Commodity Market Report
Global product markets short-term outlook February 2020
Monthly forecast of global refining economics, global demand and supply by product along with stock forecasts and a net trade forecast
$1,900
Insight
Corporate week in brief: soft oil prices, stretched finances threaten renewed focus on growth
We look at the challenges facing the upstream sector’s renewed focus on growth targets.
$700
