OREANDA-NEWS. July 5, 2007. OAO Vanady reveals new markets Tula region. OAO Vanady finds new markets for its products. In June OAO Vanady shipped 2 000 tones of macadam to OX LUX AB (Finland). Macadam is Vanady’s by-product, The contract was signed after Finnish company received a trial lot of this material and stayed satisfied with its quality.

 In the nearest 3 months 2 more tonnes of macadam will be further shipped to Finland. At the moment OAO Vanady is thinking of signing a long term contract to ship this product to OX LUX AB. OAO Vanady is the world leading producer of ferrovanadium taking around 20% of world market and about 80% of Russian market of this material.