The premise is AVL is doing just that however market spot prices don't favor financial debt investment currently.
Either one of 3 things needs to happen.
1. Vanadium spot markets rise to support industry
2. A deal is negotiated in Australia to supply locally with a battery industry. (As indicated by AVL CEO)
3. The vanadium market, steel markets and VRFB markets fall over due to no vanadium supply.
Based on vanadium battery market projections there will be no available supply from mines now to satisfy demand hence why we are all still here.
Spot markets are all very weak.
Either the turn around of the century happens or the lights go out.
Vanadium Price Advances, page-325
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $67.37K | 4.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 26348902 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 20066801 | 29 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AVL (ASX) Chart |