More ‘news’ resulting from Jayden’s useful business chat last...

More ‘news’ resulting from Jayden’s useful business chat last week with Sam … (thanks again Jayden!)

As she noted, Fastmarkets was feeling pretty positive about vanadium ‘earlier in the year’.

See https://www.fastmarkets.com/insight...rns-the-focus-in-year-of-dragon-2024-preview/
That was published just after ‘Scottish bagpipes calendar new year’ back on January 2 concerning developments during the impending Lunar new year …

(For which celebrations start tomorrow!)​

And the well-respected Fastmarkets ‘oracles’ predicted vanadium producers would have something to celebrate too !
ie:

….More vanadium used in energy storage in 2024​

Energy transition will influence the upstream raw materials market in other ways too. ​

The amount of vanadium pentoxide used in crude steel production is decreasing, while more vanadium will be used in green energy in 2024, including vanadium batteries. ​

Vanadium batteries currently have less than 1% of the energy storage market shore, sources soid.​

According to sources, vanadium batteries will likely experience a booming development period in 2025, with global vanadium energy storage consuming an estimated 45,000 tonnes of vanadium pentoxide..”….​

Right space, right time?

cheers

PS those interested in deep research may wish to scan this BNP Paribas report published for the troubled Bushveld back on May 26 last year just a few days after RCF, Regal, Tribeca and others contributed to a pride-saving $11.5 m capital raise at TMT which kept that company holding its’ head (finance-wise) high through to the merger.

It offers a comprehensive update on vanadium producers, batteries and more as of less than a year back.
https://www.bushveldminerals.com/wp...BNP-Paribas-Exane-Initiation-Note.pdf#new_tab

cheers