Thanks. Most probably correct as the V prices were very high last year.
Interesting to watch the vanadium space.
The whole world economy is still growing, especially in South and East Asia.
Electricity demand is growing, coal demand is growing, oil demand is growing, iron ore demand is still at good pace, uranium demand is now close to Fukushima disaster levels. Lithium demand is exponantially growing, etc. etc.
Btw, CO2 emissions are growing as well.
Therefore the world needs a lot of vanadium. Mainly in steel, then in VRF batteries, then maybe in Lithium-Vanadium Pentoxide batteries for EVS.
TMT is the best candidate to be the next producer with resources in Australia which is the prime location. That's the main thing. I believe in research, statistics, formulas, numbers, etc. Whatever the market says that doesn't matter for me because I look at the big picture.