...tone I have said it before there is no Vanadium "market" Most of the worlds vanadium is produced by China and Russia. So supply is restricted. Russia can not sell on the open market can only sell to China and India. a further restriction. Demand is from steel producers (still the bulk of demand) and increasingly VRFBs. Demand is also somewhat restricted in this market. What we have is an opaque imperfect vanadium market controlled by political motives ie maintaining control. I don't think Trump will pull the pin on BATTERIES because his best bud makes lithium batteries but he will pull the pin on VRFBs Dutton will however pull the pin on any thing that does not involve coal gas or uranium. VRFB manufacturers need need security of supply, suppliers need security of demand. It starts to be a what comes first sort of circular argument. This is where Govts need to step in and commit. The Aust Govt is in a position to commit to kick starting the supply side and kick starting the demand side. Momentum will will take care of the rest because this is a better product than the lithium alternative.
AVL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)