Member Info for pb940

So that was this morning?

I'm always surprised loudspeaker how we were told the sp was tied to v price on the way down but now it's going up I'm just not seeing the connect at all. At this v price with the increases in production since 2018 we should be pushing 20p

Do you think the 17.5% they're reporting is the sum of the two previous days?

https://www.theguardian.com/environment/2022/mar/04/ukraine-war-european-reappraisal-energy-supplies-coal-renewables

https://www.fxempire.com/news/article/metal-traders-group-urges-germany-to-stockpile-cobalt-cut-reliance-on-russia-922439

The German government should stockpile palladium and minor metals such as vanadium and cobalt as part of its raw materials strategy to reduce reliance on countries such as Russia, the Association of German Metal Traders (VDM) said on Thursday.

U.S. and European sanctions placed on Russia after it invaded Ukraine are disrupting supplies of critical raw materials used by Germany’s manufacturing industry.

“In view of geopolitical conflicts, it would be advisable to build up a stockpile of one’s own that can be supplied by the special metals trade and called up by the local industries when needed,” said Maarten Gassmann, head of the VDM Committee for Special Metals and Ferroalloys.

Russia is the world’s second-largest producer of vanadium used to make steel. It accounts for 17% of global vanadium supplies at 110,000 tonnes last year, according to the U.S. Geological Survey (USGS).

Russia is also the world’s second-largest producer of cobalt and palladium with a 4% and 40% share, respectively.

Countries such as the United States, China and Japan already stockpile strategic minerals and metals.

“Unlike industrial metals such as copper, aluminium, zinc, nickel or lead, the availability of vanadium or palladium cannot be covered by the international metal exchanges,” VDM President Petra Zieringer said.

nobbynewboy, it's not an alternative to wind and solar. Those are how the electric is produced to store in the battery.

The panellists all agreed that the world, and African countries in particular, have an opportunity to be creative in how it integrates systems for a better energy future, especially in places that are untouched by entrenched policy and old infrastructure.

Bushveld Energy CEO Mikhail Nikomarov said there were three main drivers for energy storage growth – more economic activity globally, population growth and urbanisation.

These aspects impact on grid planning, where storage is needed and whether it makes sense to build power lines to rural communities, when off-grid solutions can cater more efficiently, he noted.

Distributed energy solutions provider AMMP CEO and co-founder Svet Bajlekov agreed, saying that extending the grid to connect Africa’s 500-million “powerless” people was hardly the right solution, making energy storage an inevitable feat for energy access and security.

With regard to the regulatory environment, Nikomarov remarked that technology always outpaced regulation. He believed it was nearly impossible to future-proof energy-related policies.

“Regulatory frameworks can either hinder innovation or advance it once it has emerged, but can hardly ever predict it.”

Nikomarov further explained that, to justify the cost of energy storage, a multiple-benefit use case is necessary, such as self-generation economics or energy security, complemented by environmental, social and governance mandates for cleaner operations.

Bajlekov noted that the emergence of energy storage has simultaneously given rise to interesting business models and solutions.

“The household space now provides clear business cases for renewable energy and distributed power generation. With solar, for example, a household can shift away from centralised power and have the opportunity to sell power back into the grid.

“Storage also brings up possibilities of banking power until prices peak throughout the day and make a business of selling electricity.”

Takolia added that California was looking to store energy in winter to cater for high-demand summer months when air conditioning is powered extensively. On the flip side, South Africa can store energy in summer for deployment in winter.

It will take some time before we see widespread trading of electricity in South Africa, but signs are showing the country is moving in this direction, such as the unbundling of Eskom into three separate entities.

Next, government will likely look at wheeling in day-ahead markets, which also poses interesting opportunities for battery companies to become arbitrage players in the market, Takolia highlighted.

“Managing renewable energy intermittency is complex, equally so is ensuring grid stability. We will certainly see smarter energy systems come to the fore, incorporating machine learning and Artificial Intelligence.

“We will see the likes of e-commerce giant Amazon moving into energy management and many distributed systems by companies, with devices liked up,” he said.

Takolia further noted that, because many African countries do not have legacy power systems, there is a massive opportunity to build newer systems without aged infrastructure as an obstacle, to which digitisation can be used to build mod

https://www.engineeringnews.co.za/article/energy-storage-a-key-element-of-decarbonisation-the-energy-transition-2022-03-03/rep_id:4136

he green energy transition is at the forefront of most business discussions and climate change mitigation strategies and energy storage will play a big role in not only adding value to renewable energy systems, but also in helping to advance decarbonisation and energy security.

“Energy storage will undoubtedly play a major role in the decarbonisation and green energy transition movements in the world as it strives to solve intermittency issues with renewable energy, such as solar and wind.

“No location in the world is immune from the energy transition,” said Green Hydrogen Solutions CEO and co-founder Ebrahim Takolia during a panel discussion at the Africa Energy Indaba on March 2.

Law firm Norton Rose Fulbright South Africa energy head Matthew Ash agreed that battery storage, from utility-scale applications through to distributed small-scale applications, has a vital role to play.

Moreover, he said, the sale of excess energy is enabled through batteries, which, in turn allows for a more liberalised electricity market, with day-ahead mechanisms and free trade.

“Energy storage, particularly battery energy storage systems (BESSs), will open up possibilities for electricity market liberation in South Africa,” he noted.

The only hindrance remains the high cost to install BESSs, Ash highlighted, explaining that, despite lower prices as a result of technology improvements and increased rollouts by suppliers, there is now a competition for resources in the global market, owing to the electric vehicle market growing at such a rapid pace.

He advised that market drivers were pushing prices upwards all the time, and would therefore become more costly the longer governments like that of South Africa take to put in place procurement programmes and secure, or develop its own, resources.

Ash elaborated that early works agreements needed to be signed to preserve a production slot at a manufacturer for energy storage systems or components, not just for static storage systems but also mobile systems – such as lithium-ion batteries.

Only when more technologies for storage are adopted in the market, although it is hard to beat the efficiency of lithium-ion batteries, will demand not outstrip supply and prices will come down, he stated.

Ash further said South Africa’s regulatory frameworks remain either too cumbersome or unpredictable with regard to energy storage.

V O X M A R K E T S video

https://tinyurl.com/3335h6ru

https://www.news24.com/fin24/economy/eskom/us-official-says-sas-cop23-billions-is-for-retiring-coal-plants-not-building-electric-cars-20220303

https://www.miningmx.com/trending/48943-sa-mines-minister-calls-for-judicial-review-of-corruption-report-as-pressure-grows-to-resign/

SOUTH African mines and energy minister, Gwede Mantashe, is to seek a judicial review of the country’s report into state-linked corruption in an effort to stave off demands he resign, said BusinessLive.

Acting chief justice Raymond Zondo, who headed the state capture inquiry, recommended including Mantashe among those to be investigated further. But Mantashe, who is also ANC chairman, said the report contains “technical mistakes” that require judicial review for correction, reported BusinessLive.

“The commission says there is no prima facie case,” said Mantashe. Until the judicial review process is completed and the ANC asks him to step aside, he will remain in his government and party leadership positions, he said.

The report into so-called state capture detailed how facilities management firm Bosasa bribed senior government and ANC officials in exchange for lucrative tenders.

Mantashe was secretary-general of the ANC when Bosasa was giving the party substantial financial support. He testified before the commission four times, but his characterisation of the ANC as a mere “NGO” did not withstand Zondo’s assertion that the party boasts a parliamentary majority “with the levers of legislative and executive power at its disposal”, said BusinessLive.

In all three volumes of the commission’s report, which were released in tranches since January, it was said that the ANC, including former South African president Jacob Zuma, played a central role in state capture, said BusinessLive.

https://www.engineeringnews.co.za/article/positioning-south-africas-renewable-energy-manufacturing-2022-03-02/rep_id:4136

https://www.investegate.co.uk/invinity-energy-sys--ies-/rns/invinity-joins-ldes-council/202203010900021167D/

https://www.proactiveinvestors.co.uk/companies/news/975136/today-s-market-view-arc-minerals-bluejay-mining-beowulf-mining-and-more-975136.html

Arc Minerals report on a conference call this morning ongoing interest from major companies in their exploration assets in Zambia.

The ceo, Nick von Schirnding reported that he had already had a positive call from a major company following their news last Friday on the settlement of legal issues.

Legal challenges in Zambia and London are seen as having held back negotiations on a deal with at least one major company.

Arc had previously agreed a period of exclusivity with Anglo American which expired last year despite extensive technical due dilligence.

Muswema is seen as a key target and management expect to report results from a significant geophysical survey within the next two weeks

The rainy season is ongoing in the west of Zambia but certain interested parties are keen for drilling to restart sooner rather than later.

Group CFO, Rémy Welschinger, says there is no need for a placing this year on his current assumptions.

Management declined to give further details on what form a commercial transaction might take place but did comment that the deal they are currently looking at is very attractive.

“The principal discussion is with one major but there are two others which have reached out for further discussion.”

https://www.proactiveinvestors.co.uk/companies/news/974890/today-s-market-view-mp-materials-europa-metals-limited-caledonia-mining-and-more-974890.html

Bushveld Minerals*

Ferro-vanadium prices continue to rise in China and Europe driven by new demand for structural steel

China has elected to follow its tried and tested policy of funding new infrastructure projects creating demand for structural steel.

It is interesting to see prices rise as production at most if not all steel works in and around Hubei province has been suspended through the Olympics and ongoing Paralympics

Ferro vanadium prices have risen in recent weeks to $40.65/kg in China which translates to a price of $35.36/kg after the deduction of import tariffs.

European prices rose 4% last week to $34-37/kg on Friday

Russian sanctions: The potential for sanctions against Russian-owned Evraz could create further disruption of supply chains in the market, though we would expect Evraz to simply sell more material into China if sanctioned. Evraz represent some 17% of global vanadium production from the reprocessing of vanadium-bearing **** from their steel furnaces.

VRFBs: Chinese vanadium demand for energy storage batteries is expected to triple this year as China looks to bring on new VRFB battery systems

Invinity Energy Systems sold a 8.4 MWh system to Elemental Energy which should use around 55 tons of vanadium equating to just under 100 metric tons of vanadium pentoxide material.

H2, Inc launched a 5MW / 20 MWh flow battery project in California in December with backing from Korea. Deployment is due at end 2023 and will require the sourcing of vanadium pentoxide for conversion into vanadium electrolyte over the next 18 months.

Our valuation for Bushveld assumes $35/kg for ferro-vanadium rising to $38/kg from 2023 indicating potential for further upside if ferro-vanadium and vanadium product prices continue to rise.

Conclusion: We expect positive momentum to continue in the vanadium market. Global demand for structural steel and production of vanadium electrolyte to fill VRFB batteries looks likely to drive demand to new levels this year.

https://phys.org/news/2022-02-distinct-mechanisms-monolayer-vanadium-diselenide.html

Sorry to read that pdub. Thoughts are with you buddy.

I think in the v o x m a r k e t interview he said thee was an 11% import duty to China

Invinity Energy Systems sold a 8.4 MWh system to Elemental Energy which should use around 55 tons of vanadium equating to just under 100 metric tons of vanadium pentoxide material.

H2, Inc launched a 5MW / 20 MWh flow battery project in California in December with backing from Korea. Deployment is due at end 2023 and will require the sourcing of vanadium pentoxide for conversion into vanadium electrolyte over the next 18 months.

Our valuation for Bushveld assumes $35/kg for ferro-vanadium rising to $38/kg from 2023 indicating potential for further upside if ferro-vanadium and vanadium product prices continue to rise.

Conclusion: We expect positive momentum to continue in the vanadium market. Global demand for structural steel and production of vanadium electrolyte to fill VRFB batteries looks likely to drive demand to new levels this year.