In November 2019, according to Rambler, American vanadium producers US Vanadium and AMG Vanadium contacted the local Department of Commerce – they requested an investigation into the import of this metal at low prices and in light of the industrial policy of Russia and China.
Companies were asked to do this on the basis of Section 232 of the Trade Development Act of 1962. It gives the US president the right to restrict imports of certain products if they threaten the country’s national security.
Video of the day. Russian Urals became more expensive than Brent