The vanadium price is now rebounding through $US40/kg for ferrovanadium and $US8/lb for pentoxide.
The south african Highveld is at only half production and a series of Russian acquistion in the sector is causing chaos in the security of supply.
I have never seen it hold such strong prices for so long.
All AXO need to operate are vanadium prices a quarter of current levels, which will knock out many of the other producers, leaving AXO as the only long term producer.
AXO Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
