RE: Energy Storage26 Feb 2019 18:26
Sorry waccbaccy,
A few things to consider.
The cost of the minerals going into the lithium battery is going to increase. Lithium is not the only cost to the battery
A great deal of nickel is used and that could easily double in price considering the amount what will be need when electric vehicles really kick in , which it will , copper is often forgotten that also will rise , graphite,cobalt ,all the different minerals used in lithium ion chemistry will make a large impact on the price of the materials used. Because is only just started to catch hold, it’s going to become apart of the 4th industrial revolution, lithium ion battery are not ideal for stationary energy storage, life cycle short , cost to increase storage after initial investment , fire hazards, recycling. All go against them, but they play a big part of energy storage, basically it’s a upfront cost which at mo which is driving there popularity, but mostly the use of lithium ion battery energy storage is used for short term energy supply.
There is a strong chance Vanadium Will be included into lithium ion chemistry too , but to be honest bushveld do not even need it to catch on , but if it did who knows how big the vanadium market will be ,
What we have here is a strong case for vanadium in the steel industry alone ,
The slightest use of VRFBs will make a difference to the vanadium price ,
Currently that’s where all the revenue is coming from, putting bmn in a great position to take advantage of all markets ,
Low cost manufacturing. Assembly, electrolyte production, being vertically integrated vanadium producer, means one thing , bmn will be able to compete globally keeping the cost down, gaining a larger market share of projects,
Also more projects may include direct investment opportunities,
It’s a win win situation,
Sign In
Follow the stocks
