In my opinion the last week has been the biggest week for catalysts in the vanadium space that I can remember
The vanadium price is starting to break out in China
Shanghai Electric announces 3GWh of VRB orders ( approximately 15,000 tonnes of vanadium or 13% of last years global V output )
Connection of the worlds largest VRB in Dalian China ( full capacity 200MW/800MWh which will power 200,000 homes and require 4-5,000 tonnes of vanadium
AGL announces $20bn of spending including investing heavily in batteries......plans to build 5.5GW of firming capacity
Given total global output of vanadium was not much more than 100,000 tonnes last year the build up of vanadium demand for batteries is now reaching critical mass/crunch time. In a real tough global market environment there will be in my opinion a flight of money to the critical minerals space and vanadium may just get its "lithium moment". A great time for significant news Ian!!
TMT Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
