China does not have any new sources of Vanadium and their iron ore deposits are getting very deep in the ground causing their mining costs to rise. $90 per tonne is the china breakeven.
China mainly has vanadium via steel slag and stone coal secondary production and so does russia. The new sources of supply for china is russia but it’s no where near the volume of china.
Bushveld in SouthAfrica Closed. Rhovan in SouthAfrica basically closed.
Largo in Brazil is 25% down on their production.
40,000 tonnes of Batteries per year hit market last week which needs high purity V205 which largo has and china produces about 10,000 tonnes per year of.
The world needs another primary mine which only AVL has.
The inflection point is 2025.
We are all guilty of investing to early but holding will be the right call in my opinion.
AVL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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