AVL Chart, page-3251

thanks rookie ….
Maybe a good time to remind of this one too


And in one of the media sources who picked up that CRU chart (just before Christmas last year) AVL’s chief operating officer, Todd Richardson - who is extremely highly regarded in the sector - said he agreed batteries would not be a significant vanadium price mover in feel 2024.


https://investingnews.com/vanadium-forecast/

But a great year for those feeling the breath of the ‘winds of change’ to choose their craft?

The Investing News Network link is to a useful story to review as we approach EOFY
Here it is again: https://investingnews.com/vanadium-forecast/

And an excerpt :

Both CRU and Project Blue are looking to the battery sector as another key theme to watch in 2024.

“As renewable energy projects continue to be rolled out in 2024, especially in China, what batteries will be used in each project and how large they will be is something to watch for,” CRU’s Thomas told INN. “The buildout of electrolyte capacity will dictate the ability of the battery market to continue growing.” According to research from CRU, demand growth for vanadium over the next decade will largely be driven by the rising installation of VRFBs.

Project Blue said much of the VRFB capacity installed globally in 2023 was in China, and that trend is expected to continue in 2024. The Chinese government is highly supportive of VRFB technology for long-duration energy storage.

“Investors should keep an eye on the continued announcements of VRFB capacity in China and the rest of the world as part of the global push to support the rollout of renewable energy capacity to help meet net-zero targets,” said the firm.

On the topic of supply, Project Blue said investors should follow “the advancement of greenfield projects, particularly in Australia, where some of the most advanced projects are located." Home to the third largest vanadium reserves in the world, Australia has become a global hot spot for vanadium exploration.


Cheers