Member Info for pb940

Implied that the strike helped with the purchase of the Sojitz share :)

His opening line

'Talking about hot commodities, the vanadium price just keeps going from strength to strength.'

https://www.v o x m a r k e t s.co.uk/articles/prospex-oil-gas-pxog-savannah-petroleum-savp-and-john-meyer-on-aal-bmn-sml-krs--e724fdf

**************************************/articles/prospex-oil-gas-pxog-savannah-petroleum-savp-and-john-meyer-on-aal-bmn-sml-krs--e724fdf

Your favourite presenter and John Meyer. Not listened yet

https://www.vanadiumprice.com/vanadium-weekly-review-october-8-12-2018-vanadium-market-continues-moveing-up-after-the-holiday/

his week, vanadium prices remain high from upstream to downstream. Ammonium metavanadate, vanadium pentoxide, ferrovanadium and vanadium-nitrogen prices keep jumping, and the buyers keep searching for the spot goods and compare prices. Steel mills’ spot demand for ferrovanadium and vanadium-nitrogen is increased. Today, Zenith Steel bids 30 tons of vanadium-nitrogen at the price of 775000 rmb/ton.

https://www.vanadiumprice.com/vanadium-price-forecasts-for-next-week-october-15-19-2018/

Many steel mills failed to bid this week. Both manufacturers and traders keep increasing prices and the new standard of rebar pushes spot demand for vanadium to surge. FerroAlloyNet predicts vanadium prices will continue uptrend next week.

About this far <- - - - - > I though we were this far <- - > but that seems optimistic :)

I wish they'd just give it Nick :)

http://www.bushveldminerals.com/wp-content/uploads/2018/10/Vanadium-prices-continue-to-rise....pdf

Added to bushveld minerals website showing the table referred to in the broker note yesterday

Surely we should have some Q3 news by the end of this week on one of these two based on their last two quarters results?

Lemur Q1 update
Q1 5th April
Q2 4th July

Bushveld Energy
Q1 11th April
Q2 11th July

Vanadium prices rise

Vanadium prices jumped another 6% higher to US$112-116/kgV in Western Europe this week according to Metal Bulletin.
Asian Metals also report a vanadium of US$117.5/kgV for ferrovanadium in China.
The Metal Bulletin report US$104-110/kgV for China.
Metal Bulletin’s trade log gives a useful view of the trade in ferro-vanadium and vanadium pentoxide with trades showing up to 28 September.
The high price of vanadium is reporting to be causing some substitution of ferrovanadium with ferroniobium though this does not appear to be affecting the rise in prices.
Asian Metals in Beijing report a shortage of vanadium pentoxide is driving prices and this will not change in the short term.


Vanitec applauds more stringent Chinese rebar standards

Vanitec, the International Trade Association representing companies and organisations involved in the processing, manufacture, mining, research and use of vanadium and vanadium-containing products, today praised the Standardisation Administration of the People’s Republic of China on its recently released new high strength rebar standard intended to reduce the use of substandard steel to improve earthquake resistance of buildings.
The new rebar standard, GB/T 1499.2-2018 released by the government earlier this year and comes into effect on 1st November, eliminates low strength Grade 2 (335MPa) rebar and authorizes 3 different high strength standards: Grade 3 (400MPa), Grade 4 (500MPa), and Grade 5 (600MPa).
Professor Yang Caifu, of the Chinese Central Iron & Steel Research Institute (CIRSI) who leads the joint Vanitec/CISRI Vanadium Technology Centre noted that "for hot-rolled HS rebar, V content will be at 0.03% V in Grade 3, 0.06% V in Grade 4, and more than 0.1% in Grade 5 rebar so the implementation of the new standard will significantly promote the application of vanadium in Chinese rebar products."
"Vanadium is the most common addition for high strength rebar, because it offers the best combination of high strength, good ductility, bendability, weldability, and reduced sensitivity to strain aging", according to Vanitec. Unlike the substitute niobium, vanadium permits the use of economical hot rolling practices due to the high solubility of vanadium carbonitrides in austenite which minimizes the risk of cracking during casting.
Limited primary mine supply and shuttering secondary production from environmentally harmful magnetite steel manufacture is creating a tightening market balance to draw ferro-vanadium 80% prices to record highs of $117.5/t.

https://www.v o x m a r k e t s.co.uk/articles/new-article-ae67723

Bushveld Minerals* (BMN LN)
Following
27.9p, mkt cap £309m – Vanadium prices continue to rise on shortage of vanadium pentoxide as new rules on vanadium in steel come into force in China

BUY - Target Price raised to 37p (from 34p)

(Bushveld Minerals now hold 74% of Vametco)

Vanadium prices continue to rise driven by China’s drive to reduce pollution and new standards increasing the proportion of vanadium used in steel for construction, mainly rebar.
China’s Green Shield strategy has caused many major steel producers to switch to cleaner and higher grade Australian iron ore which contains much less vanadium for byproduct production
Ferro-vanadium prices jumped another 6% higher to US$112-116/kgV in Western Europe this week according to Metal Bulletin.
Asian Metals also report a vanadium of US$117.5/kgV for ferrovanadium in China.
The Metal Bulletin report US$104-110/kgV for China.
Metal Bulletin’s trade log gives a useful view of the trade in ferro-vanadium and vanadium pentoxide with trades showing up to 28 September.
The high price of vanadium is reporting to be causing some substitution of ferrovanadium with ferroniobium though this does not appear to be affecting the rise in prices at this stage.
Asian Metals in Beijing report a shortage of vanadium pentoxide is driving prices and this will not change in the short term.
We also expect some incremental increases in production from primary vanadium producers though primary vanadium only makes up 17% of the global supply.
Some new byproduct production from graphite production may also come to the market in future years though difficulties in vanadium extraction from this source may delay its introduction.
Model Assumptions:

We are raising our price assumptions for vanadium to US$82.17/kgV from US$77.8/kgV for 2018 and to US$45/kgV from US$35/kgV for 2019.
We are looking at the potential impact of ferro-vanadium substitution with ferro-niobium in the steel industry though we suspect this is may only apply at relatively high price levels.
The South African rand remains relatively weak partly due to the impact of South African government statements on the reclamation of farms without compensation and government inaction relating to violence on South African farms.
The spot rand price is at 14.587 against the US dollar. We assume the spot rand rate for 2019 onwards in our modelling vs a rate of 14.2 previously.

I think the price per kilo of cake from them is pretty similar to the vanadium price though

Unfortunately knuttie I have a slight suspicion that any benefit from higher prices will be ignored and the decrease in production due to the strike used against us in setting a target price, even though the strike wouldn't affect any future sp.

He said, ＂The increasing price of vanadium iron is completely caused by the shortage of raw material vanadium pentoxide, which will not change in a short time. So I think the ferrovanadium prices would be over RMB500,000/t (USD144.48/kg V) in the coming week.

Blimey :)

https://www.vanadiumprice.com/chinese-ferrovanadium-prices-keeps-rising/

Mainstream transaction prices for Chinese ferrovanadium 50%min stand at RMB419,000-422,000/t (USD121.07-121.94/kg V) Inc-VAT EXW D/P now, up by RMB22,000/t (USD6.36/kg V) from those before the National Day. They are approaching the highest price of RMB440,000/t (USD127.14/kg V) emerged at the end of 2004. As ferrovanadium prices rose too fast, steel mills reduced their purchase volume or use ferroniobium to replace the material, but it has not affected the rapid rise of ferrovanadium prices. Some suppliers have raised their quotations to RMB460,000/t (USD132.92/kg V) directly. Prices for Chinese ferrovanadium are expected to rise rapidly in the coming week.

A producer in North China said that they offer RMB450,000/t (USD130.03/kg V) for ferrovanadium 50%min at present, but have concluded no deals at the price so far. He said, ＂The increasing price of vanadium iron is completely caused by the shortage of raw material vanadium pentoxide, which will not change in a short time. So I think the ferrovanadium prices would be over RMB500,000/t (USD144.48/kg V) in the coming week.＂The source revealed that they last sold 5t of ferrovanadium 50%min at RMB420,000 (USD121,36/kg V) to a regular customer in late September.

Do you reckon this was filmed yesterday as Mikhail referred to the World Bank £1 billion renewables news as "the other week" which was at the end of September?

No probs knuttie, you were just underestimating my name by quite a lot ;)

was about to say with both of them in London for the Vanitec meeting maybe we'll hear something and here you go.