The U.S. has started investigating vanadium imports from Russia and China.
The U.S. Department of Commerce has asked for this from national vanadium producers. They claim that their interests are compromised by the low cost of imported products and the industrial policy of Russia and China.
The U.S. Department of Commerce has begun investigating vanadium imports from Russia and China. In particular, the agency intends to find out whether the current volumes of imported products threaten the country’s national security. This is stated on the website of the ministry.
The decision on the investigation was made after the American vanadium producers (AMG Vanadium LLC and U.S. Vanadium LLC) filed a petition in November 2019. They claim that the interests of national producers have been infringed by the low cost of imported vanadium, restrictions on export markets due to tax regimes, as well as the impact of industrial policies of Russia and China.
U.S. Commerce Secretary Wilbur Ross noted that vanadium is used in the national defense industry and is also an integral part of aerospace construction.
According to the U.S. Geological Survey (USGS), in 2019, the U.S. dependence on imported vanadium amounted to 94% of the country’s consumption of this metal, while the main suppliers of vanadium were Austria, Canada, Russia and South Korea. In 2015-2018, the main sources of ferrovanadium (an iron alloy with vanadium) imports to the United States were Austria (48%), Canada (22%), Russia (14%) and South Korea (11%). Vanadium pentoxide was imported mainly from South Africa (44%), Brazil (29%) and China (11%).