Wow John Wick you have got on your soapbox with a pile of nonsense that people on this forum should consider
Some of your gems 1"battery story is key" 2"price of vanadium will go no where on steel alone" 3"it's considered a by product when you talk to metal traders"
Reality...95% of vanadium is used in the steel industry ( going nowhere on steel..please )...VRB's has along way to go and as V constitutes over 40% of cost of VRB it is currently punitive to develop VRB's at current prices Its all about steel and don't pretend otherwise...V price went from $10/lb to over $30/lb on concerns of supply shortfall for steel....Price has come back as China Steel mills draw down inventories ahead of new year shutdowns ( Meaning minimal demand at spot prices ) The funniest of all is you mentioned V is a by product when you talk to traders hahaha...Its because a lot of China V is produced as a by product ( a dirty slag ) is the very reason why vanadium has such upside as China is closing all these steel mills making V as a slag in its environmental crackdown.....thus the predicted 30K tonne shortfall of V in the next 3 years..( Source Roskills )
The VRB battery is exciting but to ignore the true story of V critical in producing better and stronger steel as the current market determinant is misleading and ignorant
PUR Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
