A question re the V price16 May 2021 18:59
I've only been invested here for the past six months and have no history of investing in mining companies prior. Right now it appears that V is lagging other commodities during this commodity bull run but also that analysts expect a rally to occur in 2021. There are also other factors at play such as the need for vanadium as part of the green revolution in various ways, from the mainstreaming of VRFBs to the potential use in EVs.
Looking at the past fifteen years it appears that where we are now - ~US $30k - is the average price of V over that time, with only short periods of wild rises and falls in between. So my question is with (potentially, at least) the need for vanadium increasing significantly from here do analysts think that if/once the V price rises to $45k and beyond that it could be sustainable long term beyond the commodity supercycle? As a best guess would you expect the price of V to continue slowly rising throughout 2021 and 2022 or see more dramatic spikes?