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Iron Ore’s ‘Ridiculous’ Prices to Stay as Fear Grips Commodities

https://www.bloomberg.com/news/articles/2021-05-12/iron-ore-s-ridiculous-prices-to-stay-as-fear-grips-commodities

@Cindercone... You epitomise the analogy.. " never play chess with pigeons"

For the uneducated.

The land on your board and knock all the pieces over.
Then they s++t all over the place and finally strut about like they own it.

Jog on troll.

With selling out of our IES investment for approx x3 our initial $5 million stake and the current holding in ATM doubling in value this year BMN have made approx $20 million from these investments this year.
Happy to be corrected ( I know we haven't sold any ATM).

No Opinion

Currently:- 51 995 342; shares = 5,9%

We hold shares in Afritin

European FeV up 10.... 0.28% to $32.85 per today.

Yesterday's prices.
US FeV $35 65 per kilo kg.... up 10 0.28 %
European Fev $32 75 per kg... up 30 0.92%

Rebar prices are still moving rapidly North

http://www.asianmetal.com/RebarPrice/Rebar.html

Commodities
Iron ore price leaps 10% on hopes of global economic recovery
Steelmaking ingredient rises to more than $226 a tonne as commodities surge on stimulus hopes
The arc furnace at Liberty Steel’s Thrybergh mill in Rotherham, UK
The rise in iron prices is supported by strong demand from a rapidly recovering Chinese economy © Bloomberg

May 10, 2021 7:44 am by Thomas Hale in Hong Kong and Neil Hume in London
Iron ore prices jumped more than 10 per cent in Asia trading on Monday on growing expectations that the global economic recovery from the Covid-19 pandemic would extend beyond China and buoy commodities markets.

Futures prices for iron ore in Singapore rose to more than $226 a tonne, a record in dollar terms. In Dalian, China’s main commodities trading hub, the price of the most active futures contract was also up 10 per cent.

The price rise followed a run of recent highs for the steelmaking ingredient, which alongside other raw materials has been supported by strong demand from a rapidly recovering Chinese economy, and is also expected to benefit from government support measures around the world.

US FeV closed at $35.65 per last Friday.

http://www.asianmetal.com/RebarPrice/Rebar.html

@tejero what a pathetic post that has nothing to do with the BMN investment case ie. Vametco and Vanchem which are in the middle of nowhere.
My sister owns a property in Cape Town, I find it safer then Birmingham.
You're a just another trolling POS.

A very good read on the lithium disaster that is coming to pollute our planet.
And it doesn't even mention the fire hazards when they go wrong and explode.
https://www.instituteforenergyresearch.org/renewable/the-environmental-impact-of-lithium-batteries/

Yes it is a Vanadium redox flow battery.

Fraunhofer research brings redox flow battery closer to market
By Communication from Fraunhofer
Redox flow batteries are perfect for storing large quantities of renewable energy, but they have always been too expensive for the mass market. Researchers at the Fraunhofer Institute for Environmental, Safety and Energy Technology UMSICHT have now completely redesigned the heart of a redox flow battery — the stack — and have brought about a massive reduction in material usage and costs. Their efforts have earned them the Joseph von Fraunhofer Prize.

The sun and wind cannot be controlled to meet our energy demand, which is why variable renewable energy needs to be stored until it is used. One way to do this is with redox flow batteries. They offer cycle stability — meaning their capacity does not noticeably reduce after thousands of cycles — and are not combustible, and their power and capacity can be designed to meet demand. In addition, they do not use any critical materials, and their electrolytes can be fully recovered.
https://sciencebusiness.net/network-updates/fraunhofer-research-brings-redox-flow-battery-closer-market

Thanks

What is our current investment in ATM?

Sorry for the lack of recent information on Vanadium prices coming out of Metal Bulletin (Fastmarkets).
They haven't released any snippets of trade logs for a few months now, ( unless you're a subscriber)
IMO actual trade logs give a better indication of what Vanadium variants are really selling for and TBP has always used them for their charts as spot prices are only a guide.
Other metals exchanges are bullish on price increases in the short term.

I take note that our resident trolls ( you know who they are) haven't said a dicky bird all day.
The RNS might as well have been in Chinese for all that they know about BMN strategy.
Thankfully somebody posted BBN'S Twitter analysis of it.
This is what you get if you let the pond life dominate the narrative.... Zero... Zilch...
Stand up to them they offer nothing to this BB.

https://www.mining.com/iron-ore-price-hit-record-high-fuelled-by-structural-supply-shortage/