George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Odd how someone with no idea, suddenly becomes an authority on V prices and the impact on Bushveld.
The profit of a company is dependant on the profit made by that company, not by the price that others sell their products at, in another market. Very simple really. It should be noted that Bushveld has an agreement with Wogen, does it not, for global sales.
A1 you fool no one! When you quizz you sound like a novice, when you critic you show every sign of someone with a chip on your shoulder trying to impart doubt, or you may even be a poor share chat troll. Next, you will be a novice chart expert..please help us all. Get on yer bike or on your skis
Thanks, RK
james@2k66, personally I think alwaysone shares the same MO as Chartist2, starts with your reply then comments.
another great value post @alwaysone ... maybe you should look on the Bushveld Perspective. Alfa did a nice analysis and shows the Nitrovan advantage ... ie you need a lot less of it. The premium is a small premium compared to gaining 'normal' Vanadium and appears to have been setup eons ago. Commercially Bushveld really should be charging a lot more for it.
No off you jog and do your homework ... the answers are already there ...
and its also funny how around a week after expert stopped posting, this guy pops up
I wonder if alwaysone is expert in disguise. never see them in the same room together
However, the majority of Nitrovan that Bushveld Minerals produces goes to the United States and is sold for a premium, so the European price has very little bearing on us.
Of course it does, get real.
A $10 premium to the US to either a high price say $45 or low price of say $22 is materially different.
However, the majority of Nitrovan that Bushveld Minerals produces goes to the United States and is sold for a premium, so the European price has very little bearing on us.
https://in.reuters.com/article/asia-ironore/update-1-china-steel-futures-post-4th-weekly-gain-on-firm-demand-idINL4N29M1R2
Steel rebar, hot-rolled steel coil hit 1-week highs
* China’s 2019 crude steel output rises to record (Recasts; Adds graphic and comment; Updates with closing prices)
SHANGHAI, Jan 17 (Reuters) - Benchmark steel rebar futures in China rose on Friday, posting their fourth straight weekly gain, after data showed a resilient property market and robust demand from the infrastructure sector.
The Shanghai Futures Exchange’s most-traded steel rebar contract climbed to a one-week high of 3,608 yuan before easing to close 1% higher at 3,595 yuan ($524.08) per tonne. It rose 0.7% for the week.
Crude steel production climbed to a record 996.34 million tonnes in 2019 as real estate investment increased while a push on infrastructure spending also fuelled demand for steel as a vital building material.
Shanghai’s hot-rolled steel coil, used in cars and home appliances, rose to its highest in a week, gaining 1.1% to 3,635 yuan per tonne.
Improvement in manufacturing and optimism associated with the Phase 1 Sino-U.S. trade deal helped prices, said Richard Lu, an analyst with CRU in Beijing.
Meanwhile, iron ore futures on the Dalian Commodity Exchange rose after Vale SA halted operations at a Chilean mine.
The most-traded iron ore contract with May expiry gained 0.8% to 669.5 yuan per tonne, adding 1.6% for the week.
Brazilian miner Vale SA has halted the tailings operations at the Esperança mine, which can process about 1.2 million tonnes of iron ore per year, citing the need for a technical evaluation and to potentially carry out work to improve safety at the site.
European price needs ideally to come up to $25-$26, that would leave a differential of around 10% to the Chinese price. A 10% gap seem to be the norm for a very long time until last year. With Chinese New Year approaching, and the Chinese price will remain stagnant, its possible the European price could rise to that $25 mark. It’s only when it gets there I believe the Chinese prices may start to recover. I issue a caveat with this, it will take a number of weeks to confirm that prices are turning, and a number of weeks and possibly months for them to recover back to a reasonable price ($40-$45). There have been a number of false starts on this.
European FeV up for the 4th day in a row. The gap is closing. That is no doubt the necessary precursor to wider market moves.
Also if people aren't aware the US and China have also signed phase 1 of their trade agreement.