Member Info for pb940

https://www.energy-storage.news/vrb-energy-breaks-ground-on-100mw-500mwh-flow-battery-and-gigafactory-in-china/

An official ceremony was held in Hubei Province, China, as work began on the first phase of a 100MW / 500MWh vanadium redox flow battery (VRFB) system which will be paired with a gigawatt of wind power and solar PV generation.

Canada-headquartered flow battery energy storage system manufacturer VRB Energy is constructing the project, beginning with a 100MWh initial phase. Alongside it will be 500MW of distributed rooftop solar installations. Commissioning is scheduled to take place before the end of 2022.

Toronto Stock Exchange-listed minerals and energy company Sparton Resources, an investor in VRB Energy through one of its subsidiaries, VanSpar Mining, announced the 29 August ceremony to mark the start of construction in a press release yesterday. The ceremony was hosted at Xiangyang New High-Tech Park in Hubei by private-public development company Hubei Green-Move Zhongvan New Energy (Green Move ZF).

Among others in attendance were local Xiyang Municipality Senior Party and Government leaders and representatives from the Hubei State Power Investment Group — which part-owns Green Move ZF along with the renewables-plus-storage project’s main investor, Hubei Pingfan Ruifeng New Energy Technology.

Construction of the large-scale project follows on from a successful 3MW / 12MWh demonstration which was combined with 3MW of local solar PV. VRB Energy CEO Dr Huang Mianyan, who has previously noted that Hubei is rich in vanadium resources which will provide electrolyte materials for the massive system, said that initial demonstration project is “working well”.

“The operation has fully confirmed the huge application value and market prospects of VRB Energy’s storage technology and will promote the grid connection and on-site consumption of renewable energy.”

“The opening ceremony marks the official construction stage of the 100MWh all-vanadium flow battery energy storage project, which will accelerate the promotion of energy storage using vanadium flow battery energy systems in Hubei,” Mianyan said.

A framework agreement signed in March for the project between VRB Energy and its local stakeholder partners also paved the way for a 1,000MW per annum VRFB ‘gigafactory’ to be built in the region, as well as an R&D centre.

According to Sparton Resources’ press release, the entire 1GW of solar and wind with the 500MWh of flow battery capacity will cost around RMB 9.32 billion (US$1.44 billion), with the first phase requiring investment of around RMB4.32 billion (US$667 million).

VRB Energy’s technology was also selected recently for installation at a Chinese government scientific facility to help develop China’s carbon neutral policies, with a 125kW / 500kWh unit to be used at China State Power Corporation’s new National Photovoltaic and Energy Demonstration Experimental Center in Daqing, northeast China.

So does your response come under the 'insult' or 'pompus lecture' category Lindon :)

Sorry, where bbn made the assessment, not I.

I don't really know what to say to you DiscruntledSH. The company have made massive strides since buying vametco which was brought to a thundering stop 2 years ago. But everything is running again and will progress to be a major vandium produer. BBN wrote an analysis on this board years ago where I made the assessment that even without the battery side of the business gaining any traction the company would still be able to reach £1 a share on sales into the steel sector. Things have changed since in terms of shares in issue but not to such an extent that it would only reach 20p.

If you haven't the patience to wait then it really isn't worth remaining invested in BMN, take your loss, remove the constant nagging anxiety and find something else. I was in an oil company 7 or 8 years ago and watched a profit dwindle from 5 figures down to just getting 10% of my original investment back. I lumped it all in BMN at least knowing they had an asset, whereas the oil company was still looking for something. And that money has done very well for me, getting back my original investment in the oil company back.

You're the only one who can stop being disgruntled with your Bushveld investment. It may cause some pain to sell but I'm sure you'll make it back.

I wonder what could have caused delays over the last 1.5 - 2 years. Is there anything happening in the world at the moment that may have had a knock on effect on ANY companies plans, ability to progress projects, function at full capacity, show fiscal responsibility in uncertain times?. Anyone? There must be a reason but it eludes me.

Not everyone expects the Chinese steel production cap to weigh on European vanadium prices. "There is a cap on steel production, but not on consumption," a vanadium producer told Argus. Therefore, if Chinese steel production is limited, steel consumers might opt to buy higher-quality steel from neighbouring countries such as Japan and Korea. Increased demand for vanadium in these countries could offset the lower Chinese demand and lend support to prices.

"We expect vanadium prices to remain elevated and well above long-term averages throughout the second half of 2021," the president of producer Largo Resources, Paulo Minsk, said recently.

https://www.argusmedia.com/en/news/2248098-european-vanadium-price-outlooks-diverge?backToResults=true

European market participants are split on the outlook for regional vanadium prices over the rest of this year, with some expecting prices to jump from September as steelmakers return to restock but others wary that China's steel production cap could weigh on global prices.

Ferro-vanadium prices have remained stable throughout the summer, despite the seasonal dip in demand from steel mills, averaging $39.38-40.46/kg duty unpaid Rotterdam since the beginning of the third quarter. This is up significantly from the full third quarter of last year when prices averaged $23.80-24.40/kg du Rotterdam, as Covid-19 restrictions hampered steel production and demand.

Some market participants expect demand for ferro-vanadium to increase significantly once steel mills return to the market in early September, which converters hope will bring prices up more in line with input costs. The spread between regional prices for ferro-vanadium and its feedstock, vanadium pentoxide (V2O5), is currently unusually wide, with V2O5 at $9.50-10.00/lb duty paid Rotterdam — a level at which converters would typically aim to sell ferro-vanadium at $42/kg or more in order to achieve healthy profit margins. Argus today assessed prices for ferro-vanadium at $38.50-39.50/kg duty unpaid in Rotterdam, unable to push much higher until demand picks up.

European demand for V2O5 has also slowed during the summer, with market participants repeatedly describing the spot market as "dead" and "non-existent" in July and August. Prices have remained firm — supported by Chinese export prices and the ever-present logistical delays that have disrupted supply chains for many commodities — although some market participants warn that this could partly be symptomatic of low liquidity and a downward correction could follow when trading activity picks up again. Chinese export prices have averaged $9.31-9.57/lb fob since the start of July, having reached a peak of $9.50-9.75/lb fob at the beginning of August.

While most market participants expect next month's return of European steel mills to lift prices in the near term, some are wary that China's decision to limit steel production could weigh on global vanadium demand in the longer term.

Beijing has decided to cap steel production so it does not exceed 2020 levels, which is likely to dampen Chinese demand for vanadium, and strong Chinese steel output in the first half of this year could lead to significant production cuts from July-December in order to meet this target.

"A little bit more demand in Europe will not move the dial too much. China is much more important from a global perspective," a European trader told Argus, while a converter said, "I expect prices will increase to $41-42/kg, but I do not think prices will go above $45."

https://www.proactiveinvestors.co.uk/companies/news/958594/today-s-market-view---altus-strategies-bhp-empire-metals-oriole-resources-petra-diamonds-rambler-metals-and-mining-and-more-958594.html

California seeks to boost solar and wind capacity, with an additional 2.5GW of battery storage planned

The California Independent System Operator (CAISO) region aims to ramp up solar and wind capacity this year to meet 50% renewable energy target by 2025, according to the US Energy Information Administration.

The CAISO plans to add a further 1.6GW of utility-scale solar capacity alongside 0.4GW of onshore wind turbine capacity by 2022.

The region also aims to build 2.5GW of additional battery storage capacity, with the batteries charged using renewable power generation.

The state is currently struggling to use purely renewables as an energy source with scorching heatwaves causing air conditioning units to require the utilisation of fossil fuels

It went way beyond having a contrarian view. We used to have those types of chats 7 or 8 years ago but always through collaborative discussion and if people disagreed it never turned nasty the way it has over the last couple of years.

But then the discussion was based around the investors understanding of the company rather than now which appears to be driven by other motives.

The other one is a Private group whereas the one you're referring to I think has been created by someone who hates the posters who have a positive attitude to Bushveld. Instead creating that Telegram group and using a lot of the same terminology that's been used on here by certain posters to attack long term holders. Now they're just chatting to 35 other people who either don't realise it's a BMN bashing telegram group or are as miserable as the person who created it.

That board isn't the one the main lse posters are on, that one has nearly 500 members.

Enjoy :)

https://polaris.brighterir.com/public/bushveld_minerals/news/rns/story/wv1znvw

I looked into it in the past but it looks like you have to be an actual business to register

Not sure if this was deleted or not showing up so posted it again

https://www.l2b.co.za/Project/Imaloto-Coal-Power-Plant-Madagascar/20486

Project was updated yesterday 12/8/21

https://www.l2b.co.za/Project/Imaloto-Coal-Power-Plant-Madagascar/20486

Probably nothing of importance but the project was updated yesterday 12/8/21

They also had this about vanadium outlook
------------------------------
The vanadium outlook
Vanadium comes in three forms - flake, powder and granules. Its value is most often assessed by looking at the rate for 98% vanadium pentoxide flake.

On Tuesday, the price was sitting at US$9.80 per pound, a two-year high.

Worldsteel, an international steel industry association, predicts steel demand to rise by 2.7% in 2022 to more than 1.9 billion tonnes, while respected market analysts GlobalData predict the global energy storage market to reach $11.04 billion in 2025.

“Our timing with the Australian Vanadium Project is good with the prices on a long-term uptrend,” Algar says.

“We plan to cement a spot in the marketplace by first finalising our BFS, securing offtake agreements and funding and engaging a builder to get into production.

“We have an economically robust case, it is low-risk with significant upside.

“On the steel side, there is natural growth there, as is the greening of steel, particularly as the world slowly comes back from the pandemic.

“We’re also working hard on the battery opportunity, which will be a combination of efforts between companies, vendors, government and researchers.

“By combining our supply chains together, we can make the vanadium redox flow battery sector work, and it has huge potential.”

I know the story is about AVL but the below paragraph surprised me as I thought they were trying to use vanadium in the cathode for lithium ion but didn't think it had gone further than testing?

https://www.proactiveinvestors.com.au/companies/news/957485/australian-vanadium-hopes-to-produce-about-5-of-the-global-supply-of-vanadium-pentoxide-957485.html

"It is also being seen as perhaps the next critical battery metal; about 2% of vanadium consumption is currently used in emerging energy storage markets, namely vanadium redox flow batteries, and in the cathode of lithium-ion batteries."

I wonder if the money would be used to get rid of Garnet holdings from Enerox

Then this one from BMN reducing to 0

https://www.lse.co.uk/rns/BMN/holdings-in-company-jeoldfsst9yjoev.html