vanadium price future, page-7

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Therookie88

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28/01/19

10:36

Post #: 37240739
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Originally posted by alecfra ↑

Vanadium: Current state and outlook

In 2017, vanadium was the world’s best performing battery metal due, partly, to tightening supply amid strong demand from the steel industry. China’s new requirements for use of higher quality rebar for improved building construction is considered a key factor and clue for a long-term outlook: global demand for ferrovanadium in steel products is not going away and will likely accelerate as developing economies modernize in the coming decades. There are also few substitutions for vanadium to harden steel.

Growing demand is also likely to come from the utility and manufacturing sectors, where VRFB technologies could be the keystone that allows large clean energy projects to be seamlessly integrated into electrical grids where intermittency is no longer an issue. In 2014, vanadium use in battery technologies amounted to just 1,000 tons compared to a global production of 93,400 tons. Roskill estimates that vanadium demand for VRFB markets could rise to 31,000 tons by 2025, amounting to a rise of 3,100 percent in a decade.

China produced just over half of global mined vanadium, which totaled about 80,000 tons globally in 2017. The US produced none. Vanadium can also be recycled from other secondary industrial processes — catalysts, ash and residues. The type of vanadium used for VRFBs can come from mined or recycled sources, but purity needs to be in excess of 99.5 percent.

Between 2013 and 2016, the US imported about 10 percent of its vanadium pentoxide from China. As internal Chinese demand for VRFBs increases, the US would be well positioned to find domestic sources that can weather supply constraints and geopolitical tensions that may arise.

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you would think a VRF producer who's whole tech viability depends on V price would be snapping up someone like TMT... offer a great funding package in exchange for a favourable long term contract price or just buy us outright and not have to worry about pricing and you have supply from one of the lowest cost operations direct for 20 plus years..

TMT Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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vanadium price future, page-7

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

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