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Vanadium Price Today

V205 Vanadium Pentoxide Flake 98% USD / lb

Europe : US$10.10/lb (0.00%)

Ferro Vanadium 80% USD / kg

China : US$41.00/kg (0.00%)

?Europe : US$40.75/kg (0.00%)

These are todays Asian Metals prices, they don't publish US prices which are considerably higher.
European Fev is still over $40 per kg and very profitable, also European FeV averaged over $50 per for March and April which was very profitable way above aisc setting us up for year profit wise.
With a 6 to 8 weeks lag in payment these high prices are just now perculating into BMN's coffers.

Anyway it's Vanadium Nitride ( Nitrovan) that BMN sells to the US, not ferro-vanadium.

Eatstocks.... after talking directly to Asian Metals and Fastmarkets has a lot more information on the descrepences of vanadium prices in the States and elsewhere.
He may not wish to disclose the information he has on here.

V205 and high purity V205 is sold per lb.

https://www.usgs.gov/news/national-news-release/us-geological-survey-releases-2022-list-critical-minerals#:~:text=The%20Energy%20Act%20of%202020%20defines%20a%20%E2%80%9Ccritical%20mineral%E2%80%9D%20as,supply%20chain%20vulnerable%20to%20disruption.

FM said in his last interview that he was getting circa $70 per kg for some of his products in the US.
But that he expected prices to fall inline with other markets because of arbitrage.

The US has declared Vanadium as a critical mineral for the defence of the country and the importing of it is tariff free.
There was a post about this earlier in the year.

This was the last information that we got from Fastmarkets on the 6th of May
https://twitter.com/firekat123/status/1523269959627210752?t=FWHtUEkGF5F5PHExh0d0UA&s=19

US ferro-alloy markets peak in wake of Russia's war on Ukraine
The ferro-alloy markets in the United States have mostly surged since the start of Russia’s war in Ukraine.

Since the Russian invasion of its neghboring country on February 24, the US government has enacted increasingly harsh sanctions against shipments of Russian commodities.
The US revoked normal trade...

https://www.metalbulletin.com/Article/5097742/Search-results/US-ferro-alloy-markets-peak-in-wake-of-Russias-war-on-Ukraine.html

The information shared on some of the telegram groups is light years ahead of what this board knows.
Some members have really good contacts in SA, but unfortunately as the information is not in the public domain, it can not be shared on here.

https://www.youtube.com/watch?v=_w21wLZWnPg&ab_channel=SAIEETV

It was actually John Meyer of SP Angel ( our Nomad) who confirmed during his last but one vox markets pod cast that BMN were getting around $70 per kg for some of their products in the US.

US FeV still selling for $63 per kg.
https://twitter.com/firekat123/status/1523269959627210752?t=LxVU6KYSkGgROjyXyzx35A&s=19

https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.gov.uk%2Fgovernment%2Fnews%2Frussia-uk-sanctions-major-manufacturer-of-russian-steel%3Futm_medium%3Demail%26utm_campaign%3Dgovuk-notifications-topic%26utm_source%3De5652de7-ecb9-4188-9a88-7419a75f52b3%26utm_content%3Dimmediately&data=05%7C01%7C%7C792e30efc4b2489d73ef08da2eb0b3d3%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637873633702451993%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=Bz2fims%2Bw%2FgZ%2FuGbPO2RcNnYmcLh1BzNWVWqYumCXDk%3D&reserved=0

Last week the UK put Evraz on the sanctions list.
Expect the EU and the US to follow suit

We own 27% of Enerox CellCube

Cellcube sets up Colorado subsidiary to bring its vanadium battery to US
https://www.energy-storage.news/cellcube-sets-up-us-subsidiary-to-bring-its-vanadium-flow-battery-to-north-america/

Don't forget the Primorus CLN conversion of just over 2 million shares were admitted for trading on the 3rd of May.

Obviously now that Duferco are under the 3% notifiable threshold that's the last TR1 that we'll get from them.