You'd be surprised how far the demand will skyrocket in 2022. I expect China's vanadium demand for VRFBs will dwarf their vanadium demand for steel making. Add Europe and US into the equation. Steel demand in Europe and US continues to rise as they are building more and more infrastructure. This is not to say that ASX vanadium juniors will get off-takes. But, the chance of that happening is rising, so should their SP. Just IMO. DYOR.
Ann: Mineral Resource Update at the Australian Vanadium Project, page-11
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