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According to participants, ferrovanadium market is on weakening trend with concluded deals on either side of USD30.00kg V d.p. depending on volume of transactions and payment term. At close, a European dealer disclosed to Ferroalloynet the company sold 2-3t of FeV 80%min grade material at USD30.20kg V d.p. and sees current trend as likely to continue in view of this. In addition, the European debt crisis is deteriorating, fueling investors' concern over global economy recovery. Ferroalloynet expects base metal prices will face pressure to fall further.
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