Steel inventory will get sold off crashing steel prices.
Doesnt matter whats happen more vanadium is required in the future.
Question is what is now the minimum vanadium standard for vanadium content in steel??
Currently Grade 3 0.03% per tonne. (70,000 tonnes of V goes to Steel Currently)
Next Level is Grade 4 0.06% (which is double grade 3) How many tonnes? 140,000? (Currently 0.5x total current V market)
American Earth Quake Standard is is Grade 5 0.1% (which is Triple grade 3) How many tonnes? 210,000? (Currently 2x total current V market)
None of the above numbers include VRFB demand which is accelerating hard into 2025.
V price to go past the moon
DYOR
Steel inventory will get sold off crashing steel prices.Doesnt...
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