Vanadium is a key raw material in the manufacture of FCC SOx reduction additives. Decreased supply, caused by recent U.S. sanctions on Russia and increased environmental restrictions in China, coupled with increased demand for ferrovanadium for steel production, have combined to create rapidly escalating vanadium prices. The London Metal Bulletin index for V2O5 (vanadium), which, historically, has been in the range of
Grace will implement this surcharge based on the V2O5 market pricing in the London Metal Bulletin, the vanadium content of our products, and the cost premiums associated with converting vanadium raw materials to the compounds used in these products. The current index level of
Built on talent, technology, and trust, Grace is a leading global supplier of catalysts and engineered materials. The company’s two industry-leading business segments—Catalysts Technologies and Materials Technologies—provide innovative products, technologies, and services that enhance the products and processes of its customers around the world. With approximately 3,900 employees, Grace operates and/or sells to customers in over 60 countries. More information about Grace is available at grace.com.
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Source: W. R. Grace & Co.