As we saw the predictions of the vrfb applications for the next five-ten years and listend OEMs regarding their extreme new orders I am sure that the steel manufacturers will be in a big trouble.Mostly in China, where the regulatory body also significantly increased the requirement of the percentage of vanadium in steel.Most of the previously used rebars are rotting in the concrete and not just in the ghost cities.So probably we do not need a new construction boom in China to be very profitable.
Btw, this vanadium price is not so bad and I wouldn't like to see a huge increase, that wouldn't be so beneficial for the vrfbs.
I assume it is also not so easy to have a 10years offtake and not just in vanadium.If the management can bring home the mentioned three aggreement in the next 2-3month we will be in a very good situation.
Good luck for us.
Vanadium - General/News thread, page-726
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