I have always maintained when steel and VRFBs compete for vanadium and the catalyst of Bushveld Minerals going offline then watch the V run occur.
The time is very close.
If AVL runs this week at all then the V run is on.
$30 per pound will look small with the new steel consumption and VRFB demand taking approx 30% market share. There will be a time that VRFB installs will slow down at high prices but initially the V price will run up to $12 very quickly.
At that point AVL should be well over 10 cents past the previous highs.
I have always maintained when steel and VRFBs compete for...
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