Last presentation PB mentioned 50 x 20MWh or 1GWh worth of VRFB batteries would use all of the high grade V205 produced per year.
I'm fairly sure that the 1GWh was TNG production as (without checking my notes as I have too many of them) AVL have mentioned around 7kg of V2O5 per kWh.
7000kg per MWh
7000000kg or 7,000T per GWh
Close enough to TNG stage 1 output of V2O5 (notwithstanding 60% to Woojin)
One company, UniEnergy part of Rongke are building a 1GWh battery. That's 7% of a balanced supply/demand commodity market in one deal alone.
The number of VRFB market entrants backed by deep pockets is more than 6.
For every one or combination that also sells 1GWh of VRFBs - same 7% upset in demand.
Worldwide production of high grade V2O5 is around 100kT p.a.
What I see happening - demand for an accelerated ramp up in V2O5 production to supply an emerging battery sector major contributor (V2O5).
Similar to What happened when Silicon costs drove a massive increase in production capacity. However on an accelerated time scale.
What are the signs?
Wild increase in Vanadium price.
Significant consolidation & shoring up of balance sheets of existing Vanadium producers & explorers along with a resurgence in interest in 'forgotten' or 'bottom drawer' Titanomagnetite reserves.
