The uranium market has a uranium shortfall and also a sulphuric acid shortfall. The main component of sulphuric acid is VANADIUM Pentoxide.
The uranium market has the same characteristics as vanadium.
- Depleting mine ore grades and tonnes
- higher cost of production
- increasing demand.
China setting low market vanadium prices squeezing producers out of the market.
Watch this podcast on uranium and substitute your thinking with vanadium
https://youtu.be/Zoz6IwUuBUg?si=uc-wkEkM55no0yoj
Any new market production is coming from AVL and that’s it globally.
Sulphuric Acid used in Uranium Production
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