https://capital10x.com/the-vanadium-market-is-coiled-like-a-spring/
“Historically, even a small shortage of vanadium leads to extreme moves in prices. In 2018 and 2019, stricter rebar standards in China led to demand exceeding supply by only 10%, yet the price of vanadium went up almost 6 times, hovering near $30/lb.”
nothing we didn’t already know but just a good reminder while we await news