Vanadium & TMT:
Atpresent and in the future thereis no any material that can replace quality and quantity of vanadium in the steelstrengthening industry.
The alternative materials are (REE - niobium) very expensive and it is not available tomeet quantity and quality of demand.
How many new mines have come on line to pickup the shortfall that has been just keeping ahead of the demand?
Vanadium energy storage capacity, process and operationsafety, cost effectiveness, environmentally viability, utilising renewableenergy storage ability cannot compare with any other element or materials.
Demand for VRFB was 3% in 2016 and now 12%, itwill be 30% in 2025….
It is an industry that will gain fast momentumat an increasing rate overtime. What then for the high-grade vanadium demand?
Why low SP?
Currently TMT is completing DFS, upgrading resources,finalising mining and processing cost, looking for viable and suitable financefor the project.
All these are necessary steps for this size of projectand will be sort it out due course.
The big question.....financing, page-131
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