Member Info for Lindon

Ian Zhang

@Mastermines_CN

10h

#Vanadium price rise by more than 10% after #China stimulus.

#V2O5 last traded US$5.19/lb on the last day of September.

Interesting times ahead...

So called “big investors” are no- more informed about the global constraints that are undermining and so detrimental to the current vandium price and if or not they will rise than any one else.

They have HOPE - the Vandium industry that is behind all the hype about an eventual V price rise around the end of this year are based on nothing more than HOPE — and HYPE - and that is all they’ve got!

They WISH!

They do NOT know!

It may never happen! - and as things stand, if you ignore all the vanadium industry inspired hype — it ain’t going to!

And if it doesn't - next year, BMN is goin’ down the pan!

Keep wishin’.

ON AUGUST 14, 2024

Grim pretty much sums up the steel industry. Years ago when the European and US steel and ferroalloy industry went into a slump they always had one trump card—China. Now that trump card has turn into a duce.

Except for Chinese stainless steel production and chrome ore the rest of the world is edging towards a recession. Chinese carbon steel shows no signs of vitality.

Conditions in China’s steel sector are like a “harsh winter” that will be “longer, colder and more difficult to endure than we expected,” China Baowu Steel Group chairman Hu Wangming told staff at company’s half year meeting, and he warned of worse challenge than previous traumas in 2008 and 2015.

Already iron ore future prices have fallen to around $95 per mt and exchanged traded rebar prices are the lowest since 2017.

European ferroalloy sellers were hoping that some buyers would comeback into the market next week but were wary of what prices they might get. 0.10% C ferrochrome was offered at $1.80 per lb, c.i.f. duty unpaided but are expected to dip lower as competition increases.

In the US there were a few less than truckload amounts of 75% ferrosilicon were sold around $1.15. Sellers were still hoping that the mills will be tempted to buy for 2025 early since later promises to see lower prices.

The US steel companies have already warned investors that the second half of 2024 will be bumpy.

USA & Europe V prices now both reported at $24.75

https://www.linkedin.com/posts/alan-patrick-ryan-a26448a_grim-on-august-14-2024-by-alanpatrickryan-activity-7229563233534197760-OeGx?utm_source=share&utm_medium=member_android

Https://www.asianmetal.com/Vanadium/

Ferro Vanadium 80%Min United States Spot - ()NYS Currency in USD 24.75. (16/08/24)

https://www.investing.com/commodities/ferro-vanadium-80-min-united-states-futures

Aug 17, 2024

The property downturn and weaker factory activity in China ravaged domestic steel demand this year, prices plunged to multiyear lows and mills racked up losses.

China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the world’s biggest producer warned, highlighting a need to preserve cash and likening conditions to a “severe winter.”

The crisis will likely be longer and “more difficult to endure than we expected,” Hu Wangming, chairman of China Baowu Steel Group Corp., told the company’s half-year meeting, according to a statement.

Hu’s comments contributed to fresh weakness across iron ore and steel markets on Wednesday. The raw material plunged to its lowest since last year, and rebar futures in Shanghai slumped more than 4% to trade at their weakest since 2017.

China’s steel market — by far the world’s largest — is flashing multiple warning signs as the property downturn and weaker factory activity have ravaged domestic demand this year, with prices plunging to multiyear lows and mills racking up losses. Baowu alone produces about 7% of the world’s steel, and Hu’s stark message will likely be a worry for rivals across Asia, Europe and North America as they grapple with a fresh wave of Chinese exports.

China’s country’s steel industry suffered devastating slumps during the Global Financial Crisis of 2008-2009, and again in 2015-2016. In both cases, the crises were ultimately resolved by massive stimulus — a prospect that looks more remote in 2024 as President Xi Jinping bids to reshape the economy.

https://www.hindustantimes.com/business/china-the-world-s-top-steel-producer-warns-of-severe-industry-crisis-101723646729978.html

16 Aug 2024

The 10 LDES technology areas evaluated span several energy storage families: Flow batteries (FB), lithium-ion batteries (LIB), lead-acid batteries (PbA), hydrogen storage, sodium-ion batteries (NAIB), electro-chemical double layer capacitors (Supercapacitors/EDLC), zinc batteries, compressed air storages (CAES), pumped storage hydropower (PSH) and molten salt storage (TES).

Flow batteries have the best rate between costs and performance according to today’s technological status, as low as $0.06/kWh, which is close to DOE’s $0.05/kWh target. Lithium-ion batteries hold the second place with $0.07/kWh, followed by zinc battery varieties, e.g. ZnMnO2, with $0.08/kWh and the first ever rechargeable battery, the lead-acid battery with $0.09/kWh.

www.bestmag.co.uk/flow-batteries-top-does-long-duration-energy-storage-cost-comparison/?mc_cid=2c8af53281&mc_eid=a78405b32f

Yep. Nothing really new, Electrolyte plant up for sale and currently funded to trundle along at current V price level to this time next year. Nothing much to see here for a small time miner unless V price takes off.

CC has done a great job in preventing the company from immediately going bust - but that’s as far is goes.

It’s still very much a loss making company and as there are zero expectations that the V prices are going to rise over the next 12- 18 months - the current loss making position is not going to change anytime soon.

Imo - that makes the company an un-investable proposition for new investors, so I doubt that the sp will do much more than stabilise around its current level under 1p for the foreseeable as a result.

If FM, MN, Arcacia and BVI are all so convinced that the ELZ plant and CellCube has a future, maybe they should be thinking of coming together and buying out BMN’s shares in those enterprises!

Maybe Alpha, after selling out and realising his losses would be interested in joining up with those parties too!

That could happen if they want to add a bit more guidance to the already prepared results. But no great problem if it delays tge publication. Suspension is immediately removed and share trading immediately resumes at whatever time of day the results are eventually published.

We may get more guidance on the other parts of the business which are up for sale when the audited results RNS is published later today.

Yep … DYOR.

Could be both a sell and a buy … but with an exact same total - it is imo more likely to be a transfer. .

Mustang Energy PLC Application for Admission of New Securities

Source: RNS Regulatory News

RNS Number : 2753T

Mustang Energy PLC

20 June 2024

As referred to in the announcement dated 20 November 2023, MUST issued an aggregate of 1,880,366 ordinary shares to Bushveld Minerals Limited ("BMN"), comprised of Backstop Shares and Facility Shares (such capitalised terms being as defined in the aforesaid announcement and together being the "BMN Settlement Shares"), pursuant to which certain obligations of the Company then owing to BMN were satisfied.

The BMN Settlement Shares were issued and allotted to BMN on 16 November 2023, and an entry was made in the Company's register of members confirming BMN as the holder of the BMN Settlement Shares.

The announcement stated that application would be made for the BMN Settlement Shares to be admitted to the Official List. It has come to the Company's attention that the application was not made. The Company has therefore today applied to the Financial Conduct Authority requesting that the BMN Settlement Shares be admitted to the Official List. It is expected that admission will become effective at 8.00am on or around 25 June 2024, but the shares will remain suspended.

It was openly admitted many years ago by MN that the Nitrovan premium is negligible and would be continued at the same rate of the prior agreements levied by the sellers.

It was something BMN took on board when they bought the site and agreed to also appoint them as their agents. That arrangement is supposed to end and SPR are due to takeover all aspects of agency when the current contract finally expires.

As for V prices … imo. …. $35 is the break even point after all in costs - and there needs to be at least an upsurge to $40 with a clearly defined ongoing certainty that it will keep going up from that price point - $45 is a price I believe will be required before the company can start to believe it has a realistic chance of not only surviving, but starting to have the wherewithal to start paying down the debt and progressing to much safer level stand alone on its own 2 feet position than it is currently.

Yeah … but the single most realistically important obstacle and issue isn’t the lack of a Business friendly economy attracting more investors - it’s the plain fact that whatever the volume of sales are. - and no-matter how many containers are reported as landing in the USA - the whole operation is loss making, Not profit making.

No-matter how friendly the business economy gets. - THAT is not going to attract new investors. Only a massive change in the price of V is going to help save BMN. CC has done all he can and now has probably gone as far as he possibly can go to provide the right conditions to capitalise on an upsurge in V prices - if that does not happen soon - BMN is lost, imo.

The company is loss making and has been for a very long time.

Unless the market price of V changes very radically - a business friendly economy isn’t going o be of much help.

Errr … and how long before you expect this revolutionary South African Business friendly economy to spring into existence and rescue BMN from going down the toilet?

No, they don’t manufacture batteries.

Australian Vanadium (ASX:AVL) has commissioned its vanadium electrolyte manufacturing facility, producing its first batch of high-purity vanadium electrolyte, since the facilities completion in December 2023.

“The completion of the facility, coupled with the confirmation of the production of on-specification vanadium electrolyte from Western Australia’s first manufacturing facility, achieves another major milestone for AVL and is a positive reflection of the technical and operational expertise within our organisation,” AVL’s CEO Graham Arvidson said.

“We are ready to accept orders for electrolyte and are actively pursuing sales.”

Independent analysis confirmed that vanadium flow batteries, with their scalability, long lifespan, and capacity maintenance, help to address the challenges of energy storage and distribution in a world increasingly reliant on intermittent renewable energy sources.

Supported by a $3.69 million Australian Government Modern Manufacturing Translation grant awarded under the National Manufacturing Priority Roadmap in 2021. The Facility in Wangara, Perth, WA, is designed to produce high-purity electrolyte of up to 33 MWh (megawatt-hour) per year of VFB (Vanadium Flow Battery) energy storage.

The company uses a proven electrolyte manufacturing technology from the US Vanadium LLC (USV) for its use in Australia and New Zealand. USV staff traveled to assist with the commissioning and currently supply the required vanadium oxides.

Once operational, the Australian Vanadium Project will enable full ‘pit to battery’ by producing vanadium concentrate at the mine site for the Facility’s feedstock.

This milestone positions AVL to emerge as a major player in renewable energy, paving the way for global expansion in the vanadium-based energy sector.

AVL last traded 1.5c, at 10am AEDT.

https://hotcopper.com.au/news/asx-news/147986/australian-vanadium-makes-strides-in-renewable-energy-with-electrolyte-facility/

Export it to where? Where, in the ROW outside of China are there any major VRFB projects being built. And where in the ROW is there ANY VRFB project - even a mini- grid one!

Its reported that the electrolyte accounts for around a third of the cost of a VRFB. Why is it that with Vandium being currently cheap as chips, no- one on the planet is stockpiling the stuff … although China might be from there own resources- and from Russia!

And … if no-one wants it at todays prices, why would they suddenly decide they want it if it becomes lots more expensive!

BMN sent samples out for testing to virtually every VRFB maker on the planet … only 3 agreed to put them on their preferred buys list.

Probably because the rest of them have no need for yet another supplier in their listings! And they ain’t got any projects on the go for the foreseeable anyway!

The U.K. is a classic example - loads of large BESS projects underway, including Superhubs - not one of them want VRRB’s …and if in the future anyone ever come along that does - there a very good electrolyte supplier in Reading.

There are also other electrolyte factories around Europe. Oz is building its own - or was until the bottom dropped out! India the same. The already have their own.

The only thing special about the ELZ plant is it’s only one in the African continent … that amounts to over 50 countries, most of which ALSO have large renewable energy schemes underway. That is the market the ELZ was intended for. A grand idea!

Unfortunately none are VRFB projects.

Hence the ELZ plant has zero orders. It’s shut because there is no market for its product anywhere on the African continent. Not even VFRB mini- grids!

Sell what? A half share of a closed up redundant electrolyte plant - the other half owned by an utterly corrupt SA government arm!

You can only sell electrolyte by winning a tender to supply the stuff to a VRFB maker who first of all has to win a tender to install A VRFB related BESS project! No such projects exist - anywhere!

Hence zero orders.

You cannot sell to market that doesn’t exist … no-matter how strong your sakes force is.