RE: SP Angel Daily News2 Nov 2018 10:40
"Managing director of Australian Vanadium Ltd., Vincent Algar, notes “it’s almost that perfect storm for a commodity – you have a step-change in demand that’s being enforced in the biggest market in the world and a constrained supply”.
Changes to strength standards could add 30,000-40,000t of annual demand to about a 100,000tpa market which is currently so extremely tight that exports from the Asian nation are not being offered. That’ll underwrite new mine projects in Australia and the U.S., and boost existing producers like Glencore Plc, Largo Resources Ltd. and Bushveld Minerals Ltd."
Wow, mentioned in the same breath as Glencore but also demand likely to increase 30-40% annually.
Did someone mention brownfield? If we get brownfield closed out (Fortune quote about brownfield resource "We like what we see in the market") then we double up instantly, simple as that.
Add Mokopane.....yikes