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Thanks for sharing Alfa. It's late, I'm tired and it's taken a while to get to P143 talking about BE's 'STRATEGY TO SUPPORT THE VANADIUM-BASED ENERGY STORAGE INDUSTRY IS TO ENABLE THE SUCCESS OF THE SECTOR AS A WHOLE' but the following points in particular grabbed my attention:
'Announced production expansion by group to 10,000 tons of vanadium units in the short to medium term'. I wonder what timescale short term means?
'Open-mindedly discussing potentially new supply agreement options with all potential VRFB OEM customers'
'Bushveld is open to collaborating with anyone in the sector (as long as it is legal); BE’s vision for the sector is not to see any specific one battery company succeed'
'Enable interaction among VRFB OEMs on shared objectives (e.g. overcoming greater awareness for lithium ion)'
In other words, they recognise there's still far greater awareness of lithium ion (as the social media stats on the earlier slides demonstrated) and BE intend to help redress the balance by being advocates of the VRFB industry as a whole and assisting with widespread adoption.
I'm quite sure you're all fans of his but it seems this latest decision may well be a boost for any non Chinese companies supplying the consituents for re-inforced steel. Does anyone know of any companies that have already have a supply agreement with the US for anything suitable for that purpose?
It is anticipated that in the coming months rebar inventories will be depleting and production of rebar will increase significantly
? It is anticipated the new rebar standard will be implemented by essentially all rebar producers leading to increased vanadium consumption
Were there any indications around when these would turnaround? I'm seeing 'in the coming months' as possibly this year, but I think this was expected to have happened by now.Slide 110 interesting. Thanks for posting this.
There is no mention of the type of energy storage, However, I would think Flow batteries specifically VRFB will suit best for this type of energy storage market. . ..
"China is set to become the single biggest energy storage market in the Asia Pacific region by 2024, according to new reporting by British data analysis and consultancy group Wood Mackenzie. The company’s July 9th report states in no uncertain terms that the country is poised to take over the energy storage market, as its “cumulative energy storage capacity is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024,” an impressive increase ”in the installed base of 25 times.” Wood Mackenzie credits the Chinese government’s assertive policy incentives in the energy storage arena as the primary reason for the sector’s rapid growth. Thanks to the country’s major push for storage deployments in the last year, deploying 580MW (1.14GWh) to reach a cumulative market size of 1.07GW (1.98GWh) in 2018, China has already secured its position as the second biggest energy storage market in the Asia Pacific region in terms of deployment, with South Korea coming in first place. “Front-of-the-meter (FTM) storage led growth,” Wood Mackenzie said of China’s 2018 growth, “up five-fold in terms of installed power capacity compared to 2017.” The vast majority of FTM market growth in China came from one company last year, the State Grid Corporation of China. The state-owned utility “deployed 452MWh of grid-connected FTM pilot projects, which accounted for 83% of FTM market growth nationwide last year. These pilot projects were supported by government research grants,” according to Wood Mackenzie. China is not the only country, however, vying for a larger slice of the global energy storage market. Grid-connected energy storage deployments have increased significantly around the world in the past five years, with an impressive compound annual growth rate of “74% worldwide in the years 2013 to 2018, with a ‘boom’ in deployment figures expected over the next five years,” according to Energy Storage News reporting based on Wood Mackenzie analysis in April. While Asia currently dominates the global energy storage market, the United States is also set to significantly increase its own capacity in the coming years, with China and the U.S. “set to dominate with over 54% of the market by 2024 shared between them.” Wood Mackenzie projects that the whopping 74 percent compound annual growth rate that the energy storage sector has enjoyed over the past 5 years will significantly slow in the future, down to 38 percent by 2024, global deployments will still manage to reach the very impressive level of 63GW / 158GWh by that year." Full story . . . https://oilprice.com/Energy/Energy-General/The-Energy-Storage-Industry-Is-Exploding.html
1.29M Buys, 1.32M Sells by 3:15PM. An excess of over 500K sells at 9:42am was completely reversed by 12 noon. Market Makers evidently took from either a shorter or tame seller and simply flipped the shares they bought at 23.58 (Avg) for 23.76p (Avg)
In 2018 the Q2 Vanadium update was published on 22 August. However there is no pattern to the date of publication of BMN updates and results. This is well illustrated by the two examples below, one several weeks earlier and the other several weeks later this year compared to 2018
Q1 Vanadium update for 2018 on 27 April but in 2019 later on 15 May. Final results in 2018 on 29 June but in 2019 earlier on 23 May
Therefore the Q2 update may be earlier than 22 August but equally it may be later. Just have to be patient ... it will be published when BMN are ready.
Better to focus not on timing but on content. I hope it will show a significant increase in monthly / quarterly production at Vametco. That could be very interesting.