Also this,
According to TMT only China will require around 68k to 102k tonnes vanadium by 2025. This not the whole world.
Though my calculations is higher than this.
But according to VR8,
Vanadium demand is only 50kt to 100kt by 2033. This for whole world. there is 8 year gap . This cannot be true.
They are way underestimating the demand.
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