Member Info for Lindon

Thu, 30th Jun 2022 16:53
RNS Number : 8985Q
Bushveld Minerals Limited

The geographic split of Group sales in 2021 was 47 per cent (2020: 34 percent) to the United States, 29 per cent to Europe, 3 per cent to China and 21 per cent to the rest of the world. We expect the geographic mix to shift as Kiln 3 comes online in 2022 with the resultant wider product mix.

Vanadium Price Today

V205 Vanadium Pentoxide Flake 98% USD / lb
Europe : US$9.70/lb (0.00%)

? ??Ferro Vanadium 80% USD / kg
China : US$44.00/kg (0.00%)
??Europe : US$37.75/kg (0.00%)

February 09, 2023 - Daily Vanadium Price and News from WWW.VANADIUMPRICE.COM

Bushveld Minerals Stock Price Crosses Below Two Hundred Day Moving Average Of $5.14
Bushveld Minerals Limited (LON:BMN – Get Rating)’s share price passed below its two hundred day moving average during trading on Tuesday .

The stock has a two hundred day moving average of GBX 5.14 ($0.06) and traded as low as GBX 4.64 ($0.06). Bushveld Minerals shares last traded at GBX 4.80 ($0.06), with a volume of 1,736,930 shares changing hands.

www.ferroalloynet.com

2023 INVESTING IN AFRICAN MINING INDABA

President @CyrilRamaphosa has arrived at the Cape Town ICC to deliver the Presidential Keynote Address to investors & captains of industries.

Unlocking African Mining Investment: Stability, Security, & Supply.

Bushveld Minerals @BushveldMin Ltd • 31m

BUSHVELD
Collaboration and being thoughtful about the Mining ecosystem is key if we are to meet the demands of the energy transition. All key players must participate in dealing with the challenges." #MiningIndaba2023 #EnergyStorage #Energytransition #Vanadium

https://www.telegraph.co.uk/politics/2023/02/07/rishi-sunak-cabinet-reshuffle-latest-news-nicola-sturgeon-hunt/

Rishi Sunak will break up the Department for Business, Energy and Industrial Strategy to create a new standalone Department of Energy.

https://www.msn.com/en-gb/news/uknews/rishi-sunak-reshuffle-latest-pm-to-create-new-government-department-on-energy/ar-AA17c203

African Mining Indaba day 2

Bushveld Minerals @BushveldMin Ltd • 25m
?
BUSHVELD It's day 2 of the Mining Indaba and Fortune Mojapelo is back on the stage discussing how we can secure supply of battery metals as demand grows due to the energy transition.

#Vanadium #MiningIndaba2023 @MiningIndaba #EnergyStorage

Extract from IES newsletter seems to confirm the intention to rent out whole battery - not just the electrolyte!

“An MoU with Dawsongroup which would see Invinity batteries rented to UK commercial customers for the first time”

MN has previously stated Q1 (end ofMarch ) was the target for the completion of the commissioning procedures, so reasonable to expect to hear commercial production being able to start up anytime after the end of next month.

https://twitter.com/BushveldMin_Ltd/status/1622599261341851651?t=zE8mzivsS3xP-FHrjQk06g&s=35

African Mining Indaba:
https://twitter.com/bushveldmin_ltd/status/1622536149922185217?s=52&t=SiEgpYYs6Fj7c6kVI9yISQ

Yep, it’s probably pretty standard for electrolyte requirements to be met and shipped from local manufacturers for BESS projects wherever possible. I expect the Oxford Superhub was supplied from Reading. The good thing about our ELZ plant is that it’s also on the doorstep of over 50 countries that make up the African continent.
Being just down the road from one of Africas major ports, local shipping will be easy and relatively cheap as chips - it won’t need to supply the rest of the world.

New vanadium electrolyte plant in Germany approved

AMG Advanced Metallurgical Group, a speciality metals and minerals producer, has announced it will build a vanadium electrolyte plant in Nuremberg, Germany.

So looks like Oxchem - our ‘world leading manufacturer and exporter of chemicals’ and U.K. electrolyte supplier in Reading - are going to have some new European based electrolyte competition.

http://oxkem.com/product_pdfs/Vanadium%20electrolyte.pdf

I suppose another possibility is IES are pulling out of VERL leaving Bushveld as the sole owner, possibly as something tied into the MUST rto/BE carve off plans?
Maybe this is just about IES going into a new venture/partnership - as a replacement in the electrolyte rental space.

@OilyRags… interesting rental angle there - with IES already having joint ownership of VERL for electrolyte rental. Maybe this is about renting out the battery hardware itself rather than an outright sale? We know the IES Oxford Superhub VRFB electrolyte was supplied via a VERL rental contract. Maybe now IES are free of BMN apart from joint ownership of VERL - they intend taking that idea a whole step further and rent out the whole she-bang!

Vanadium is sold as vanadium pentoxide (V2O5) and, less commonly, as vanadium trioxide (V2O3) for non-steel applications and as the alloy ferrovanadium (FeV) for steel making. The most common FeV alloy is FeV80, but FeV40, FeV50 and FeV60 are also sold. The numeric part of the symbol refers to the amount of contained vanadium for example, FeV80 contains approximately 80% vanadium. Note the word ‘approximately’. It’s a minimum figure.

BMN predominately sell Nitrovan anyway, which does not have a quoted price, there is only an assumption of what the % premium it actually attracts - and there is no futures market for Vanadium.
BMN do not publish its selling prices because it’s deemed to be commercially sensitive info.

If he was referring to new orders from the ELZ they would have done and we would have heard more about the BESS projects they would have been intended for.

I think he was referring to VERL leasing contracts associated with orders IES and CellCube may have won in the last 12 months, in which case nothing for BMN to officially notify about. Lease agreements can be applied to Electrolyte that’s been supplied from any source.

Experts from The World Steel Association have published their Short Range Outlook for the coming year predicting that steel demand will begin to recover at an increase of one percent in 2023, creating a total value of 1.81 billion mt.

Mr. Máximo Vedoya, the Chairman of The Word Steel Economics Committee has stated, “the global economy is affected by persisting inflation, US monetary tightening, China’s economic deceleration, and the consequences of Russia’s invasion of Ukraine. High energy prices, rising interest rates, and falling confidence have led to a slowing in steel using sectors’ activities.” This means the official forecast for 2023 depends on how the banks will handle rising inflation rates both in the United States and in Europe due to the war in Ukraine and energy disruptions that have occurred largely as a consequence.

In 2022, the EU and United States both saw drawbacks due to supply chain disturbances. This may continue in European countries in the upcoming year due to the continuance of the gas and energy supply chain issues. However, the United States economy is likely to gain momentum, especially in the automobile sector and the infrastructure sector due to the latest Infrastructure Law leading to a rise in infrastructure capital. The steel industry in the US market is likely to remain steady in 2023.

https://www.fedsteel.com/industry-trends/steel-industry-trends-for-2023/

As I understand it, Vanadium is described and the price quoted is determined by its purity (grade). 80% simply means it’s a mixture of 80% minimum Vanadium plus other impurities per KG of product… which is the standard grade sold into the steel market. The prices quoted are for the KG … which may differ from BMN’s actual realised prices.

According to the last full year audited results BMN did not sell a bean to China in the second half of 2022. They may or may not have resumed sales since.. China’s decision to apply a 13% import tax may have had something to do with the halt in exporting to China!