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https://www.vanadiumprice.com/chinese-vanadium-pentoxide-flake-prices-increase-5/

18 Jun 19 – Currently, mainstream prices for Chinese vanadium pentoxide flake 98%min are RMB127,000-130,000/t (USD8.5-8.7/lb V) EXW D/A 180 days, up by RMB5,000/t (USD0.3/lb V) from early last week. Most producers are producing for the signed contract and the supply in spot market keeps tight. Insiders believe prices of vanadium pentoxide flake would stay firm in the coming week.

A producer in Northwest China quotes their vanadium pentoxide flake 98%min at RMB130,000/t (USD8.7/lb V) EXW D/A 180 days, up by RMB5,000/t (USD0.3/lb V) from early last week. “We have sold out all the stock now and we can’t accept any new orders before the end of June,” said the source. Their last deal was made late last week, when they sold 60t at RMB128,000/t (USD8.6/lb V). Considering the supply keeps tight, he believes prices of vanadium pentoxide flake 98%min would stay firm in the coming week.


With an annual production capacity of 3,600t for vanadium pentoxide flake, they produced 300t in May and expect the same volume in June, holding no stock now.

A consumer in Liaoning claimes that the current quotation for vanadium pentoxide flake 98%min he received has increased to RMB130,000/t (USD8.7/lb V) EXW D/A 180 days now, up by RMB5,000/t (USD0.3/lb V) from last week. “As prices of raw material increase, we have to increase our quotation for ferrovanadium. We signed about 120t ferrovanadium 50%min at RMB133,000/t (USD38.4/kg V) EXW D/A 180 days last week and we would be very busy in the coming month,” said the source. Their last deal was made early last week, when they bought 60t of raw material vanadium pentoxide flake 98%min at RMB125,000/t (USD8.4/lb V). He believes prices of raw material would keep firm in the coming week.

With an annual consumption capacity of 3,600t for vanadium pentoxide flake, they consumed 120t in May and expect 150t in June, holding 100t of stock now.

Cheers JMC69. Like you say such an easy mistake to make what with the numbers being so close together on a keyboard. ;)

Have those 38.75p? and 40p trades from yesterday been reversed yet or were they totally legit (as my son would say, lol)

I wonder what ridiculous UT they'll go for tonight

China – heavy rain washes away buildings in Yongzhou City, Hunan

Heavy rain has hit a number of provinces in Central China.

A video released by the China Xinhua News agency shows the shocking state of housing in Yongzhou indicating that China has a long way to go in terms of reconstruction and proper building standards.

A but of extra vanadium in Chinese steel rebar will go along way to firming up these buildings through the collapsed structures look like they may not have had much in the way of reinforcement.

https://twitter.com/XHNews/status/1139415646502977538

https://www.proactiveinvestors.co.uk/columns/sp-angel/30995/today-s-market-view---gold-rises-on-escalation-of-tension-in-middle-east-30995.html

Belt & Road Initiative ‘BRI’ could cost US$4-8 trillion globally as China trade reconnects with the world

China investment into BRI to cost $1.2-1.3tr by 2027 (Morgan Stanley Chief China Economist)

China-Pakistan Economic Corridor ‘CPEC’ cost US$54bn

China’s massive Belt & Road infrastructure program is seen as driving substantial demand for steel and related raw materials.

Reacceleration of this huge project is being used to support Chinese industry at a time when other manufacturing activity is pulling back due to the Trade war with the US.

The program is being partly funded through loans to governments which will struggle to repay the massive cost of the new infrastructure.

Benefits will be increased trade and traffic through China’s neighbouring nations as well as closer integration though this may benefit China more than its neighbours.

One rail project in Laos is estimated to cost US$5.95bn with $1.78bn being paid for by a local government which can ill afford such debt.

The ability for China to ramp up the ‘BRI’ is a powerful tool for PRC to use to offset the impact of slowing trade with the US while developing new markets to sell Chinese products into.

Ironically, having witnessed the deconstruction and scrapping of Russian-built factories in a number of Central Asian countries to feed Chinese scrap mills, China might start to restore economic activity in some of the regions. Sadly, we suspect the Communist system may, one day, repeat the economic disaster inflicted on these regions by the collapse of the FSU.


Ferro-vanadium prices rise 0.7% in China to $35-37/kgV

Vanadium pentoxide prices have also picked up 3.9% to $7.9-8.2/lb V2O5.

Ferro-vanadium prices remain steady in Western Europe at $34-37/kgV following its pull back from a high of $128/kgV in mid-November.

We feel vanadium has been oversold by Chinese traders into Europe and suspect that news on China’s acceleration of its Belt & Road infrastructure initiative may prompt the restocking of ‘compliant’ vanadium-bearing rebar and other steel alloys in China.

Trying to access the new Bushveld Energy website with the 'Coming Soon' message is now showing a Signin window for the old website which had been moved to the link www.bushveldenergy.adisol.co.za

Wonder if the updated website is imminent

That’s a chunky delivery paludina, bit more money added to the coffers :)

http://bit.ly/2Rf3Vcl

Think it's the same as all the hard work pdub did the other day transcribing the interview

https://www.*************.net/ceo-qa-with-fortune-mojapelo-at-bushveld-minerals-limited-lonbmn/

Personally, I don't see Lemur being part of Bushveld for that long as it doesn't fit in. Where in Fortune's masterplan that is will be anyone's guess. I'm sure he will do the best thing for the company when the time is right though.

https://www.proactiveinvestors.co.uk/columns/sp-angel/30989/today-s-market-view---copper-structural-deficit-to-widen-as-chuqui-strike-imminent-30989.html

Vanadium Redox Battery systems likely to see strong surge in demand as Norwegian oil fund invests $20bn in renewables

The oil fund to also divest $12bn from 150 oil & gas companies (energylivenews.com)

The Norwegian government is expected to order the sale of $12bn worth of holdings in Oil & gas companies and to invest $20bn in solar, wind and other renewables.

The fund is managed by Norges Bank Investment Management on behalf of the Ministry of Finance.

The situation reminds us a little of the Brown Bottom in the gold market created by Gordon Brown’s auctioning of UK gold reserves, though we suspect the Norwegian oil Company sales will be better managed on behalf of Norwegian citizens.

The fund currently owns an average of 1.3% of every listed company in the world spread across around 9,000 companies.

Coal mining companies will also be excluded if they mine >20mtpa or use

Also excluded are companies which use 10GW of coal, though it is not clear if this would include 10GW of coal-fired power production.

The fund is also expected to withdraw some $8bn from upstream oil & gas and $4.2bn from coal companies
Around $32bn remains in oil majors for now.

The fund is looking to diversify its risk away from oil & gas in case of a longer term fall in oil & gas prices.
Get ready for a steady wave of selling in the world’s major oil companies


Vanadium prices - Ferro-vanadium prices picked up 2.1% last week in China at $35-36.5/kg in China, which is where much of the new demand should be

European ferro-vanadium prices are stable this week while US prices fell by a further 5%. The US price seems to lag Europe and China.

China is stimulating infrastructure spending again to offset the slowdown in manufacturing ‘growth’ caused by US Tariffs

The good bit about China infrastructure growth is that it uses lots of hardened steel containing vanadium
China’s Belt & Road program should be a particularly strong consumer of steel

Trump now appears to be indicating that he wants to see a weaker US dollar and stronger Yuan, if China agrees then markets could take off again

Bushveld remain hugely upbeat on vanadium pricing and reckon China will become more compliant from a vanadium perspective going forward.

Another great post pdub, this bb is in my view on of , if not the benchmark on lse in terms of information gathering, analysis and dissemination. Definitely feels good to be part of a community of like minded individuals.

Best wishes to yourself and others with your continuing treatments.

forgot the link

https://twitter.com/BushveldMin_Ltd/status/1138825189876281345

Mikhail Nikomarov, CEO of Bushveld Energy presents at the Africa Energy Forum in Lisbon #BushveldMinerals #energystorage #battery #batteries #Vanadium #Mining #SouthAfrica #Africa

I think I'm more excited that they are working on Warp Drive technology than that it may use Rare Earth Metals.

https://www.v o xmarkets.co.uk/articles/broker-research-77ad76c

NASA working on Warp Drive technology for ‘faster than light’ travel using Quantum-Thruster Physics (Space.com)

NASA scientists are working on the concept of ‘faster than light’ travel using a light-measuring device in the lab.

The team are looking for a change in path length of the photon on the interferometer, for evidence of being able to manipulate space time.

Quantum thruster physics is another way to potentially create a Quantum thrust through space-time using negative vacuum generators for negative vacuum energy.

We do not yet know what materials or fuel these warp drives may require but we feel sure they will use some Rare Earth Metals and possibly Helium 3 perhaps to fuel their Di-lithium crystals. Beam me up Scottie!
.

Who knew that hydrogen was as exciting as lithium in the exploding competition.

https://www.v o xmarkets.co.uk/articles/broker-research-77ad76c

Hydrogen station explosion halts Toyota fuel cell

Toyota and Hyundai face massive set-backs in this programme following a hydrogen refueling station explosion in Norway, halting sales of fuel cell vehicles.
The Uno-X hydrogen station in Sandvika in Bærum exploded on Monday and resulted in two injuries in a nearby non-fuel cell vehicle.
Toyota remain steadfast in the value of fuel cell hydrogen vehicles; “This does not change our view of hydrogen, and it is important for us to point out that hydrogen cars are at least as safe as ordinary cars. The hydrogen tanks themselves are so robust that you can shoot them with a gun without knocking them.”

Noticed that as well brad29, feel the Bushveld energy dam is about to burst :)

“Eskom recognises this, which is why they plan to procure energy storage soon,” he said. Mojapelo, in reference to Eskom’s 360MW/1440MwH battery energy storage systems (BESS) project, for which it will certainly tender.

JSE LISTING

Bushveld intends complete an inward-listing on the JSE. After initially listing on the LSE and tapping into foreign capital for early-stage funding, Mojapelo was confident of support by local capital markets.

Firstly, Bushveld’s assets are located on the Bushveld complex, which “South African capital understands.” Secondly, the company is a low-cost producer with a cash-generating asset, which the equity capital markets in South Africa tend to favour over high-risk capital for greenfields development.

Thirdly, there is strong resonance among investors and government with the general theme of beneficiation that carries through Bushveld’s strategy. Lastly, according to Mojapelo, SA capital doesn’t have much flexibility in terms of moving geographically around the world.

“We went to London when we listed, because that’s where we could raise money to do exploration and develop our project, but now that we are producing, it’s a story that does well locally and which local capital likes,” he said.

https://www.miningmx.com/top-story/37263-bushveld-minerals-charged-up-after-us-firm-backs-vanadium-battery-technology/

WHILE London-listed Bushveld Minerals’ intriguing vanadium battery offering is yet to receive full and final buy-in from Eskom, the technology has caught the attention of energy players across the Atlantic.

Bushveld Minerals announced on Monday that it’s 84%-owned energy subsidiary, Bushveld Energy, had successfully deployed its vanadium redox flow batteries (VRFBs) in industrial-scale batteries which will be developed and sold by California-based the Avalon Battery Corporation. Bushveld has long heralded the technology as meeting the demands of utility-scale energy storage.

The company’s batteries would be used in a mini-PV grid at Avalon customer Sandbar’s 11,500-square foot facility to provide full independence from the electric grid. Sandbar Solar & Electric is a California-based installer of commercial, industrial, and residential solar photovoltaic (PV) systems.

The deployment of the battery will be done by way of a complex rental agreement that takes in account the interest of the three different parties: a vanadium producer, a battery company and an electricity customer. The rental structure is expected to be applied in future vanadium electrolyte rental agreements and could signal the way forward for similar collaboration in South Africa.

“Now vanadium takes its place alongside gold, silver, and platinum, as a metal that can be leased, opening up immense future opportunities for this model,” Bushveld Energy, Mikhail Nikomarov said in a statement.

THE LOCAL CASE

Bushveld Minerals also holds a 74% controlling interest in Bushveld Vametco Alloys, a primary vanadium mining and processing company, as well as the Mokopane and Brits vanadium projects. The plan is for these assets to supply vanadium electrolyte for VRFB technology, ultimately creating a fully-integrated globally competitive vanadium platform.

Bushveld Energy is currently trialling its VRFB technology at Eskom’s mini-grid in Rosherville, which is “performing well”, said Bushveld Minerals CEO, Fortune Mojapelo in an interview. “The battery has been installed at Eskom, and it is working, but the testing programme will run for 18 months to collect data on how the battery operates within a group setup.

“The combination of long duration and large-scale use [of VRFBs] points the finger directly at utilities, and that’s one of the reasons we wanted to have a battery installed at Eskom. It’s still early days, but it’s doing what it’s supposed to,” he said.

As for the dire current financial and governance state of Eskom and the effect on the utility’s demand for a new energy technology, Mojapelo believes this offers the company good opportunity. “We do believe energy storage will go a long way in helping optimise the SA grid as we do with any other grid. Given the challenge to Eskom’s balance sheet and financials, it would do well to embrac