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Therookie88

2,709 Posts.

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27/12/22

19:28

Post #: 65453213
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Originally posted by sydney: ↑

The new driving force for vanadium prices to skyrocket is India
A headline appeared on Bloomberg saying:
Modi’s Building Boom setting up India as global savior

It is expected that the Country’s steel demand to jump 6.7 percent

That is significant at a time when China is opening up and post COVID recovery in China will lit a fire under vanadium prices, the evidence of that we have seen over the last few weeks

On the other side, all the announced big deals of vanadium electrolyte manufacturing plants will certainly maintain a strong demand for vanadium short and long term

TMT could not find a perfect time to progress the project as now , so when the company starts producing in two years, interest rate will be easing down, inflation will be tamed and vanadium prices with demand will be at the peak

Hopefully, the company delivers the catalysts for share price in the next two weeks to boost confidence among investors

This is a good company with good management and strong backing from a reputable cornerstone

This is not an investment advice. DYOR

Cheers, Sydney

Have a safe and a very Happy New Year

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Ian's mentioned india are likely to increase the quality of their steel over time as they develop much like China and gradually increase the amount of vanadium they use.

it could be a compounding effect for demand with the increase in steel production and increase in vanadium content per unit of steel

TMT Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Vanadium price advances, page-73

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