Yeah we cant see that at the moment.The only way is if the V205...

Yeah we cant see that at the moment.The only way is if the V205 price starts going up independently of the other vanadium markets.
- VN
- Ferro
- AmmoniaIs
basically all different steel markets.
Remember all forms of vanadium can be converted between markets also but for now we want to see the V205 price moving upwards which would indicate battery demand.

My view is that VRFB players want to keep the price low and then realize more value on the battery side. (ideal for steel and VRFBs)

If V205 was high their margins would be getting squeezed.

Vanadium suppliers like Largo, Bushveld and US Vanadium will only recover once they send all their material via the spot market to increase spot transactions.

Then the true demand will be seen on all markets.