Power curtailment started in December at Vanchem. Focusing on ramp up in Q1 and could hit target run rate Q2. Still at the mercy of complete power failures but Dec/Jan have been ok so far.
FM confident of reasonable solution to Orion CLN and overall short term debt situation.
Very confident that sales will exceed production this year, excess from last year will be sold.
Own conclusions
Vametco at 812mtv for Q4 = 3000-3200mtv allowing for 1month maintenance.
Vanchem would only need to produce 1200mtv for BMN to hit guidance. Capacity = 2600mtv.
BELCO seems to have solid enquiries. May contribute this year.
Could be a lot worse. GLA.
Repost for those who may not have seen thanks to beginermans professional screen wiping posts.
https://importkey.com/search/vametco
Third 95tonne drop in Dec. 6th in 6 weeks with 2 more possible by year end.
https://importkey.com/search/vametco
Third 95tonne drop in Dec. 6th in 6 weeks with 2 more possible by year end.
Looks like it might be sorted....
https://www.news24.com/fin24/companies/just-in-transnet-announces-three-year-deal-with-key-union-after-brutal-strike-20221017
Kiln 1 produced around 90mtv/month, apparently Kiln 3 has been running at 160mtv for Aug and into Sep which if maintained is already an improvement of >70%. It's 50mtv/month away from the 210mtv rate required for 2,600mtv pa target. Fingers crossed they can keep the ramp up going and stabilise by year end.
Ben, Agree that steel will be the main bread winner for a while. To support the value of steel production growth, Fortune also mentioned yesterday that most new production using electric arc furnaces don't produce vanadium as a by product. Therefore more demand for V to be added and less supply to compete with.
getting there slowly but surely.
https://youtu.be/X-gJdy_EyvI
China's Dalian Rongke Power is competing with Japan's Sumitomo Electric Industries in capturing demand for a unique type of storage battery that will be crucial to expanding the use of renewable energy.
https://twitter.com/NikkeiAsia/status/1557594401232273408?t=4T-kceJ2QPnBvMUEYnjDzQ&s=19