LOL Steel is still 93% of the vanadium market, and batteries 4%?
So imagine if you will a 30% cut to 93% of your market Vs a 30% raise to 4% of it.
That is the situation AVL now finds itself in. Ie there is literally no demand for new vanadium projects - existing ones are more likely to shut than new ones begin.
Even the perennial losers at TNG have pivoted off vanadium.
AVL news, page-535
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