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@Bassguy..although we know Nitrovan attracts a small premium, all we are told is this.

"The vanadium price is based on the FeV mid average price for the period, published by LMB for sales to Europe, CRU Ryan's Note ("CRU RN") for sales to the United States and Asian Metals for sales to Asia. Vametco realised price is based on the prior month's mid average price."

@raffym.. I know Nitrovan is not unique, Vametco produce a Nitrovan 12 and a Nitrovan 16, which is the equivalent to the VN 14 produced in China.
The point I was trying to make is how much more valuable and efficient is say 4100 MTV in the form of Nitrovan.

China. FeV 80% $42.50 per kg
Europe.FeV 80% $42.75 per kg
US.FeV 80% $42.75.per kg.
European V205 $8.90. per lb.

Site visit to Vametco 2019.... Nitrovan. v. ferro-vanadium..... What is the price difference?

Finally, and in conclusion to this article, we are now able to answer a question that has long been discussed within our community;

'Why does Nitrovan® currently only receive a relatively small premium of 5-10% compared with FerroVanadium, despite being some 40% more effective?'

Surprisingly, it appears that previous plant owners Evraz, had deliberately chosen to price Nitrovan® and Ferrovanadium, (which they also produced at a number of other locations), at identical prices. It is suggested that this was perhaps to avoid undue extra demand for the better quality Nitrovan®.

As the world's appetite for safe construction and higher quality steel rebar increases and steelmakers discover they improve efficiency and reduce costs with Nitrovan® we should expect premiums to increase. It can be hypothesised that an extended period of high Vanadium prices may naturally accelerate a deepening market reappreciation of Nitrovan®.
https://www.thebushveldperspective.com/blog/public-articles-1/post/vametco-processing-plant-visit-408

BMN are fully funded for their expansion plans and have just invested $7.5 million in Enerox.
They are also making very healthy profits of around $1 million per week at current run rate and V price, so unless there's something that we don't know about it's just a case of sitting on your hands until the seller's done.
We also own approx 52 million shares in Afritin.

1 US Dollar = 14.40 ZAR.
Kerching Kerching.

China. FeV 80% $42. per kg
Europe.FeV 80% $42.75 per kg
US.FeV 80% $42.75.per kg.
European V205 $8.80. per lb.

$ V ZAR Now 14.35.
Courtesy of Paul from the BMN telegram group.

"So our production costs fell by 4.5% and Fev increased by 4.5% this week what a week!"

Improved now to 14 25 up from 13.25 earlier in the week.
This coupled with the V price increases is a significant move profit wise.

CHINA VANADIUM SNAPSHOT: Higher steel tenders, supply tightness support price rises
Key data from Fastmarkets’ pricing session in China on Thursday June 17.

Key drivers Some major vanadium pentoxide producers are undergoing production maintenance, reducing spot supply and supporting prices amid high demand.
https://www.metalbulletin.com/Article/3994520/Search-results/CHINA-VANADIUM-SNAPSHOT-Higher-steel-tenders-supply-tightness-support-price-rises.html

Average exchange rate in 2018: 13.2488 ZAR. = 1 US

https://www.umsicht.fraunhofer.de/en/press-media/press-releases/2021/redox-flow-batteries.html

1 US = 14.08 R

China. FeV 80% $41.50 per kg
Europe.FeV 80% $42.25 per kg
US.FeV 80% $42.45.per kg.
European V205 $8.70. per lb.

As Chinese steel production frequency is at its highest on record, the industry is also faced with less availability of Iron Ore. Price of the material continues to rise as the industry experiences a deficit which is already causing issues. According to Fastmarkets MB, Iron Ore imports into Northern China are up by 0.7%, reaching US$220.77 per tonne.
https://miningglobal.com/supply-chain-and-operations/china-orders-vale-closures-and-iron-ore-prices-increase

The leasing and recycling of vanadium electrolyte cannot be matched.
End of.

This SP disconnect is off the scale now.
We are fast becoming the cash cow of AIM again.

1 Dollar has reached 14 R

US FeV 80% has made it onto the Asian Metal " what's hot board".
http://www.asianmetal.com/indexEn.shtml?s=1&r=/news/1686829/

Now 13.98 R = 1 Dollar