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Bushveld Minerals Limited PLC (LON:BMN) shares shot higher on Monday as SP Angel maintained a ‘buy’ rating on the vanadium miner and hiked its target price to 87p from 37p.
SP Angel analyst John Meyer thinks the share price could reach 87p in time, more than double the current price, underpinned by supply and demand characteristics of vanadium.
Mining.com Article & posted by Bushveld on Linkden & twitter
Ferro vanadium prices jumped 10% just over the past week also hitting a 13-year high to $118 a tonne in Europe. In 2005 vanadium prices briefly peaked at $120 a tonne.
Great article @africa-ontherise.com
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