TMT 1.45% 35.0¢ technology metals australia limited

Valuation, page-32

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    In addition, Chinese are progressively closing their low grade iron ore mines and replacing their feed with high grade Fe ore from Australia which has much lower levels of V. As a result, V from slag treatment will fall making the ban of imported slag all the more telling. Primary sources of V will take years to get to market and will be soaked up by the Redox battery phenomena
 
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