the U.S. Department of Commerce announced the initiation of an investigation of imports of vanadium. The reason for such action was suspected of understating the prices from foreign suppliers, which negatively affects local production and is a threat to national security, said in a statement on the Agency’s website.
Thus, the Ministry responded to a complaint of U.S. producers AMG Vanadium LLC and the U. S. Vanadium Corporation LLC, filed in November last year.
the Company claimed that problems have arisen not only due dumping, but due restrictions on export markets associated with tax regimes. A separate item was the accusations against Russia and China that their industrial policy is having a negative impact on the market.
the head of the Department Wilbur Ross emphasized that vanadium is used in the defense and aerospace industry of the United States, as well as the construction of key infrastructure. Therefore, its production within the country is of strategic importance.
Also pentoxide vanadium were imported into the country, South Africa, Brazil and China, according to RBC, citing data from the U.S. Geological survey. As for Russia, in 2015-2018 it is exported to the United States average of 333 tons of ferrovanadium per year.
the Federal customs service (FCS) of Russia has not fixed the supply of vanadium directly in the US, but they could pass through countries such as Belarus, Ukraine, Kazakhstan, China, India, Netherlands, Taiwan, UAE. In total last year, Russian companies have sold abroad 1.3 tons of ferrovanadium in the amount of $ 31 million.
Earlier it was reported that the United States can impose sanctions against “Gazprom” for work on completion of the “Nord stream-2”. Against this background, the Russian laying vessel “Akademik Chersky”, is able to continue building, was replaced by the owner of the company “Gazprom fleet,” bought the ship in South Korea in 2015, he moved to Samara thermal power property Fund (STIF).