U.S. authorities have launched an investigation into vanadium imports from Russia and China. The reason was a petition of the American vanadium producers, filed in November 2019.
They claim that purchasing the metal from abroad could threaten the national security of the US. In particular, the producers draw attention to underpricing by foreign suppliers. In their opinion, this has a negative impact on local production and may pose a threat to the national security of the country.
In addition, certain damage is caused by restrictions on export markets. American suppliers themselves are limited by tax regimes in other countries’ markets. A separate item is the industrial policy of Russia and China, which, according to the producers, also negatively affects the American market.
– We will conduct a thorough, fair, and transparent investigation to determine whether the import of vanadium threatens U.S. national security,” said U.S. Commerce Secretary Wilbur Ross.
He added that vanadium is used in the national defense industry and is also an integral part of aerospace construction.