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https://twitter.com/MylesMcNulty/status/1395621925083299840?s=09

Vanadium prices are so far behind other commodities and whilst some have already hit all time highs, Vanadium still has still a very long way to go ie. FeV $125 per kg.

Sorry, Europe V205 $8.05 Per lb

European V205 $8.5 per lb.

The rise's this morning equate to
China... FeV.. $38.50 per kg.
US.. FeV.. $36.75.per kg.
Europe.. FeV.. $35.75.per kg.

https://www.constructionenquirer.com/2021/05/20/government-needs-an-extra-2-6m-tonnes-of-steel-for-projects/

In the 14th May op update RNS The current market price for LMB Ferrovanadium I was approximately US$32/kgV.
The same source Fastmarkets is now reporting a mid price of $35.90 per kg.

Trade log: Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V
The Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V trade log including business, bids and offers reported to Fastmarkets.

Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Fastmarkets assessed Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V at 34.70-37.10 on Friday May 21, 2021.

Bid at $36.50 for 2 tonnes (discarded; small) Deal heard at $35.00 Deal heard at $35.00-38.00 Deal heard at...
https://www.metalbulletin.com/Article/3990339/Search-results/Trade-log-Ferro-vanadium-basis-78-V-min-1st-grade-ddp-Western-Europe-kg-V.html

With Fastmarkets very rarely posting US FeV prices, if anyone ones to track them and historic spot prices of all Vanadium variant regional indices this can be done at investing. com, but for live prices there is a delay of at least 24hrs so the 1.4% overnight rise for US FeV will update tommorow at $36.25 per kg.
https://m.ng.investing.com/commodities/ferro-vanadium-80-min-united-states-futures-streaming-chart

Now official, I believe BE will be targeting this opportunity.

Amended and gazetted was schedule two of the Electricity Regulation Act. In this amendment, the department has increased the threshold for registering embedded generation from one to 10MW.
“We have noted with delight that the mining industry is also taking steps towards self-generation, which is in support of our initiatives; to this extent Goldfields will soon commence with construction of its licensed 40 megawatts.

I can remember back in 2018 when these daily v prices happened every night, its like deja-vu.
Once the herd caught on the SP rose rapidly over the year.
We only owned 26% of Vametco then and production was much lower.
Also we never had the VRFB traction starting to happen as an added bonus.

FM has stated in an interview that BMN achieve the spot price.
Probably because Nitrovan sells at a 5 to 10 % premium to FeV 80% as it is far more efficient at steel strengthing giving you more bang for your buck.

These overnight rises are increasing at pace.
They take US FeV to $36.25 per kg
And European V205 to $8 per lb.
Might get some trade logs later today from Metal Bulletin, Chinese V2O5 must be flying.

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 19/05: Ferro-vanadium, ferro-niobium jump amid tightening prompt supply

Western Europe, $/kg V
The Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V trade log including business, bids and offers reported to Fastmarkets.

Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Fastmarkets assessed Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V at 33.50-35.50 on Wednesday May 19, 2021.
https://www.metalbulletin.com/Article/3989907/Search-results/Trade-log-Ferro-vanadium-basis-78-V-min-1st-grade-ddp-Western-Europe-kg-V.html

Vanadium Price Today

V205 Vanadium Pentoxide Flake 98% USD / lb

Europe : US$7.80/lb ?(+1.30%)

Ferro Vanadium 80% USD / kg

China : US$37.50/kg ?(+1.35%)

Europe : US$34.05/kg ?(+0.29%)

The last metal bulletin trade log for a European $34.50 per kg mid price was 28/06/2019.

Trade log: Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V
The Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V trade log including business, bids and offers reported to Fastmarkets.

Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.

Fastmarkets assessed Ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe, $/kg V at 33.50-35.50 on Wednesday May 19, 2021. ...
https://www.metalbulletin.com/Article/3989907/Search-results/Trade-log-Ferro-vanadium-basis-78-V-min-1st-grade-ddp-Western-Europe-kg-V.html

More flexibility in 2021 long-term contracts thins ferro-vanadium spot trading
Increased flexibility in 2021 vanadium supply contracts has caused spot market trading in Europe to thin out in the first few months of the year.

Contracts for the supply of metal this year included increased flexibility on volumes, which at the time reflected sellers’ struggles to lock in volumes while sentiment and demand were weak, market sources said.
“More flexibility was given to consumers for this year and contracts are going well so far,” a supplier said. “Producers don’t have much to offer on the spot market while consumers are taking their maximums.”
“Most of my contracts are running at maximums for now,” the supplier added.
When negotiating 2021 contracts last year, vanadium consumers asked their suppliers for bigger tolerances in quantities because of an uncertain outlook for steel demand...
https://www.metalbulletin.com/Article/3989722/Search-results/More-flexibility-in-2021-long-term-contracts-thins-ferro-vanadium-spot-trading.html

Vanadium Price Today

V205 Vanadium Pentoxide Flake 98% USD / lb

Europe : US$7.70/lb ?(+1.32%)

Ferro Vanadium 80% USD / kg

China : US$37.00/kg (0.00%)

Europe : US$33.95/kg ?(+0.59%)

CC your post
"The Unions sat and watched this, bided their time to perfection and then held their hand out as well."
That's BS.