Sorry if already been posted.
https://www.theaustralian.com.au/business/stockhead/high-voltage-battery-boom-could-make-vanadium-demand-explode-with-these-stocks-set-to-benefit/news-story/6bad5a2665d36330dcbd6d0c138e3bba?amp&nk=0039f389373ba5713b118706775ed616-1674902045
Guys lol.
There are too many unknowns. One known is that citing container freight prices, ain’t the way to go. It’s dry bulk, likely shipped in a Panamax size vessel. There are so many factors, if the bulk/cargo is FOB, (Free on board), there’s demurrage to consider, what the tax on the ship and what did the ship owner receive from the seller/buyer as a brokered deal. Point is if it is FOB then the price paid at port post demurrage etc will be the price represented in the market alongside other variables that’ make a market and contribute to world indices.
Let’s all relax, this is a winner. But dipping into the finer points of shipping won’t get us there faster.
Happy days I hope.
Wow. You’re almost too stupid to bother but here goes. That “rubbish” is a leading indicator of steel prices and an index of actual market prices.
But you keep making investment choices by talking to your supplier who is clearly charging you more with that spiel.
It’s true steel is high right now but not through the roof.
Talking about off the mark….EAF’s use about 500 kWh per tonne. That’s a big array!
Ok for secondary smelting but perhaps you need to know a bit more about what you’re talking about before calling others out.
What do you mean down we go. Plonker.
This is a snippet of what they said this morning. There is a full report but I am unable to post it here due to agreements. In short they stipulate a buy with value at 31p.
“ Bushveld Minerals* (BMN LN) – 12.85p, Mkt cap £162m – Chinese vanadium prices jump higher BUY – Valuation 31p
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• Ferro-vanadium prices jumped higher in China this week to CNY206,000-209,000/t from CNY196,000- 197,000/t two weeks ago.
• The new Chinese price is now at $42.71/kg vs $40.65/kg previously
• This equates to $37.16/kg vs $35.36/kg after the deduction of import tariffs.
• The cessation of iron ore mining and steel production in the Ukraine combined with sanctions and problems with trade finance have disrupted vanadium exports from Evraz a major ferrochrome producer.
• Europe Ferro-Vanadium prices have also risen to 51.25/kg from $34-37/kg three weeks ago
• We assume a price of $35/kg for ferro-vanadium in our modelling and valuation for Bushveld rising to $38/kg from
2023.
Conclusion: Demand for vanadium is likely to increase as governments approve new stimulus packages to shore up their economies against fallout from Russia’s invasion of the Ukraine. Ferro-vanadium prices are likely to continue to rise further this year in this environment.
*SP Angel act as nomad and broker to Bushveld”