Yep you really feel like something has to give at this point. Unless they have lied about all of their VRFB grid projects, the electrolyte demand has to be met somehow in the next 2 years..
It's discouraging we haven't seen a steady vanadium price rise as you would have thought a few years ago, but how can the supply/demand picture going forward equal vanadium price staying at all time lows?
It's just very strange and it won't be surprising to see it suddenly take off for a sustained run at some stage, given there can't be much slack in the rope at this point with it barely moving in 2 years despite vrfb being built regularly.
Where does India's predicted increase demand for their steel industry come in as well?
Something that doesn't seem to be a factor at all right now, but could be.
Yep you really feel like something has to give at this point....
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