Vanadium price on the move, page-16

https://www.vanadiumprice.com/global-vanadium-wrap-europe-ferro-vanadium-down-on-slow-demand-us-china-markets-dip-2/

Sluggish market demand in the V spot market from foreign buyers to China. China Producers anticipated a restocking event after Chinese new year like we all did. V stockpiles have risen but it doesn't say how much.

What I cannot understand is that due to the new rebar policy and with 5 months gone by that a re stocking event hasn't occurred. China banned slagg producers. Seems to me the Chinese are a little slow in adopting these standards potentially due to lack of new supply coming online and to keep the spot market price under control.

This is why AVL and TMT's SP has slide over recent months. I think we will see a small uptick in SP on the news coming but don't expect the moon shot in the MC billions like we are valued at current V prices. The numbers point to that valuation however the market is cautious.

I think 80 cents - $2.00 is achievable at this stage. From there a revaluation would be needed and exception news to take it further (e.g. full funded finance deal).

This is not being negative just a bit realistic based on the article. Asian metal was reporting stockpiles were at yearly lows in January 2019.