Chinese Vanadium plants are going to start stopping production if prices go lower. Further taking stock out of the market...steel mills want lower prices!
If productions halts mills will be forced to buy soon enough!
looks like the bottom is in 75% above TMT’s all in cash costs...
Time will tell now.......
2020 could be interesting once the iron ore price comes down! V is still needed to support buying a billion tones worth of iron ore
TMT Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
