Vanadium pentoxide (V2O5) price keeps rising.
It's over 30 USD/lb in China now.
It's nearly 600% increase in one year (and 50% in one month)
No one knows where it's going to stop. When we consider these factors below I think it's even not anywhere close to its peak.
If SFM can find a high grade deposit at Watsons Well then the its today's stock price (and market cap of $7.8m) will be a small dot on its price chart.
- The usage/acceptance of VRBs (Vanadium Redox battery) is at its infancy.
- China's rebar standard hasn't shown its full effect yet.
Global Vanadium Market, page-3
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