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If the plan is finally implemented, it will change the excessively chaotic situation in China's vanadium-based market. Some SMEs may be eliminated through a series of measures such as closures and mergers, which should be considered for future development of the vanadium-based market. This is a good factor, and the phenomenon of disorderly competition may be eased, but at the same time, the resource advantages of climbing steel will be more obvious. Competition pressures will be even greater for other vanadium manufacturers.
Vanadium and titanium industrial planning will affect the development of vanadium market
The "12th Five-Year Plan for Comprehensive Utilization of Vanadium and Titanium Resources and Industrial Base Planning" led by the National Development and Reform Commission will make a major adjustment to the overall thinking on the use of vanadium and titanium resources. The plan is one of the contents of the layout and adjustment plan of the key industry productivity in the “Twelfth Five-Year Plan†period. It is also the first vanadium-titanium industry plan that has been organized by the state since the founding of the People's Republic of China. It is currently in the consultation stage.