RE: Investor Meet today12 Nov 2024 19:37
The US has put in place tighter restrictions that largely now prevent Russian Vanadium being filtered in.. so US supply is getting more constrained. Net result will be prises rise and given a little over half of sales are highher end US based, I am guessing that is the reason for the uptick.
But frankly, prises need to rise 30%+ to get to around the AI Cost break even point ....
Nothing has really changed.. and all the talk of a massive fund raise misses that essential point.