Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
BBX - The SP being held back was talked about frequently months back. I am not sure how that can be done?? I can totally see, once listed on the JSE the SP could well increase sig as SA's buy into the story - in particular institutional investors etc. Maybe you can elaborate
Terry Perles latest view on V prices (not sure what he means in the first sentence)
My theory is that the market made the erroneous assumption Nb will replace V in Chinese rebar. If you go through the slide deck you will see my position on this topic.
The high price late last year resulted in some loss of demand to Nb in the west and that accounts for the current weak market in the west. In China supply has increased significantly but the increases are slowing - the vast majority of increased production came in Q42019 and Q12019 with modest increase from Q12019 to Q22019. It would seem the growth in supply form the price spike has basically reached an apex and some of the production may be taken back off line unless prices recover.
In China today V2O5 prices are $8.30-$8.50/lb. V2O5. The Metal Bulletin V2O5 index is not an accurate measure of the market as there is very thin trade in this material and the index is being manipulated. I have been in the market to buy last few weeks and nobody will sell below $8.50/lb. V2O5
Conformance to the new standard in China is growing and consumption is growing and V2O5 inventory is being depleted. I do think we shall see the market take another run in the coming months
I agree new projects will not get support at this price level. If prices return to historical normal range of $6-7.00/lb. V2O5 none of the potential new magnetite based projects will draw any investment. So its hard to see where new supply will come from in the next few years while the demand should continue to grow.
Energy Storage Technical Forum: 17th September 2019
I am pleased to inform you that the next Energy Storage technical forum will be held at 6pm on the 17th September. We have a great line up and three very interesting speakers, from the World Bank, Standard Bank and the IDC.
Venue: GE, AIC Building, 60 Glenhove Drive, Melrose, JHB
Time: 18:00 – 19:30
Our Key Speakers are:
i) Frederic Verdol – World Bank. Frederic will be providing an update on the forthcoming Eskom BESS Tender and Energy Storage trends in Sub Saharan Africa.
ii) Deerosh Maharaj – Standard Bank. Deerosh will discuss bankability of ESS
iii) David Sekgororwana – IDC. David will speak on localisation with respect to BESS
There will be a Q&A session and thereafter drinks and light snacks and time for networking.
Please RSVP to Louis Naidoo: Louis.naidoo@ge.com by COB Friday 13th September.
Kind Regards
Louis Naidoo
(SAESA
Fortune had previously quoted imminent for H1 2018 which never materialised for reasons out of his controls. Corruption etc. I cannot imagine he would say imminent again a week or so ago without fully expecting its issue soon