VR8 9.09% 4.0¢ vanadium resources limited

Vanadium - General/News thread, page-914

  1. 492 Posts.
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    Replying to myself because I finally read the whole article and found this line intriguing:

    Another issue is cost. At present, vanadium is very expensive. The price has risen 20-fold since the company started developing the product. With the startup-like production capacity and high resource prices, the batteries cost around double what competitively priced lithium-ion batteries cost.

    I must have been looking at a different chart, because I don't see where that 20-fold number comes from? Unless they started developing in 2000 and bought all their vanadium in late 2018??

    Anyone got a theory that could explain their statement?

 
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