Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This is an interesting turn of events right now. There is no doubt to the devastating situation in China right now with the Coronavirus will have an impact on global supplies of Vanadium and this will leave three suppliers Largo, Evaraz (Russia) and Bushveld Minerals. Demand is not falling right now it is rising and this will only have one effect. We can expect V205 and V203 demand rising especially if Voltstorage GmbH and Enerox GmbH continue to grow with new orders and projects. Largo will be delighted that their current contract with Glencore is nearly over and they can focus on new markets which are highly likely to increase their revenue. The same will be true for Bushveld as the opening up of BESS clients with a larger share of production going into this highly lucrative market. There are multiple influences which are going to make a huge impact on the vanadium market over the next 12 months and a big increase in customer demands.
My biggest hope is Fortune and the team are ready to supply into this fast developing market if capacity expansion at Vanchem to produce the increased output of V205 in conjunction with full permission to proceed with the Mokopane project and increase ore take out from Vametco to supply the shortfall into Vanchem until Vametco can increase production further.
So from 2019's depression in V prices mainly thanks to the influence most likely of Glencore in some peoples opinions, it looks very much like the direction is building momentum in the upward direction. Most likely towards $35 to $45 per kg. Now that will have a few people thinking that Bushveld Minerals may be looking like a very tasty proposition again. The imminent publication of updates on every aspect of the business is likely to underline this and we might just be on the brink in a major upward trend. Very of due in my opinion!
It should also not go unnoticed but VSUN and Australian Vanadium are very friendly at the moment to the Bushveld Minerals team and VSUN is very active in VRFB sales - who are there biggest suppliers? Avalon and Cellcube? Well, we know where Cellcube tech comes from Enerox GmbH. We know AVL are some years away from production and actually building there mine and processing facility - could we be on the verge of yet another partnership? Certainly with Mokopane about to open and Vanchem could be ramped up very quickly with the right investment. Who looks best placed to be able to fulfil the opportunity? Do you know what this is a very exciting thought indeed? I would like to be a fly on the wall in Fortune's office at the moment!
Let's see what unfolds, I will say that my posts on Twitter and liked and shared by Vincent Algar and promotion of all things Vanadium and VRFB are getting shared around the globe. So fellow investors you might be about to see some exciting news coming.
Now, what might we see at 7am in the morning... That's all from me tonight. I am looking forward to a multi-post report from BBN very soon!
No problem at all Bassguy, pleased that other people are keeping their ear to ground.
didn't mean to steal your thunder there LS but saw it and got a bit excited so posted..
atb
Heading back to cash cow status.
10 tonnes sold @ $28 50 per kg is a big move.
Booyah ...
"an exclamatory statement, often said when someone is extremely overjoyed. Often people do a hand movement simultaneously as they say 'Booyah'(clinching fist and thrusting their elbow downward vertically (BG edit: aka... an uppercut (for trolls) :)" metaphorically of course, no need for violence...
that is 35% up since the lows in early November...
maybe time to start seeing the sp track the increase in vanadium price, after all that was the sole reason for the drop was it not...………………………………………………………………………………..oh hang on SP was higher in November, what... that does not make sense...…
Strong Buy!
gla
Trade log January 2020: Ferro-vanadium, V2O5
The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.
To view the latest price assessments, follow the links below:
Europe
- Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V
- Vanadium pentoxide 98% V2O5 min, in-whs Rotterdam, $/lb V2O5
China
- Ferro-vanadium 78% V min, fob China, $/kg V
- Vanadium pentoxide 98% V2O5 min, fob China, $/lb V2O5
Wednesday January 29
Ferro-vanadium - $27.50-29.50
- 10 tonnes sold at $28 per kg in Europe
- 10 tonnes sold at $28 per kg in Europe
- 10 tonnes sold at $28.50 per kg in Europe
- 12 tonnes sold at $27.50 per kg in Europe
- 5 tonnes sold at $27.50 per kg in Europe
- 5 tonnes sold at $28 per kg in Europe
- 5 tonnes sold at $28 per kg in Europe
- 5 tonnes sold at $28.20 per kg in Europe
- 5 tonnes sold at $28.85 per kg...