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BNM signed agreement with Pansteel to boost Vanadium Flow Battery industry
On September 10, 2021, Dalian Bolong New Materials C., Ltd. (BNM) and Pangang Group (Pansteel) signed a frame agreement on the vanadium co-operation for the vanadium flow battery industry. This agreement will allow BNM to obtain stable vanadium supply from Pansteel in the application of energy storage. This agreement will accelerate comprehensive utilisation of vanadium resources in the Panzhihua region and promote the upgrading of the vanadium industry.
Dalian Bolong New Materials (BNM) is the world's largest producer of high-purity vanadium products and vanadium electrolyte. BNM has already built state-of-the-art facility with mass production of electrolyte up to 1GWh annually.
Pansteel is the world’s largest producer of vanadium pentoxide from VTM resouces. The output of Pansteel is aobut 40,000 tons per year. On September 04, 2021, Pansteel signed a cooperation framework agreement with key domestic vanadium flake supplier Sichuan Desheng to set up a joint venture focusing on processing vanadium ****. Pansteel will contribute 65-70pc of cash capital, while the remainder will come from Sichuan Desheng. The joint venture will build a vanadium **** processing facility with 20,000 t/yr vanadium pentoxide equivalent of capacity.
Market participants estimate around 9.25t of vanadium pentoxide is used in each MWh of vanadium storage battery. China is expected to install around 30-60GWh of new energy storage capacity by 2030, corresponding to 28,000-56,000 t/yr of extra demand for vanadium pentoxide during 2021-2030.
Just seen this from Justin Waite (@sharepickers) and thought it apt for bushy "If you're holding the shares of a company who’s business is growing & improving (and will continue to do so for months / years to come) do not be concerned about the price the market offers for those shares today / tomorrow - unless you want to take advantage of a bargain price."
I honestly holdthe likes of BBN, Alfa, Pdub, Sanchez, Knuttie etc in high esteem as they have provided the insight and research that have allowed me to make my own decision about the future of BMN and I suspect there are lots of us here that feel the same. Attack with no credence or facts and you are likely to be reported.....