Vanadium hasnt had a red day for as long as i can remember..... and now sits at $104 000 per tonne.
Prices per pound
Vanadium $33.10
Cobalt $27.50
Uranium $27.60
Nickel $ 5.50
Copper $ 2.80
Tin $ 8.80
All this and the new rebar standards dont come into effect until 1.11.2018
Grade 2 is now extinct!!!
Grade 3. Contains .3kg per million tonne. Doesnt sound like alot but when you produce 200 000 000 tonnes a year thats 60 000 tonnes of vanadium........
Grade 4 and 5 must contain higher vanadium levels still.
Cant see a major retrace in price especially with the demand for redox batteries.
To my knowledge there arnt any vanadium mines in australia.... the closest being our neighbour atlantic which has a major refurb coming online next year. They have poured over 500million dollars into it and expect to spend another 120 million next year. From memory a grade of... .49 vanadium similar to our higher grade resource.
Anyways grrener pastures ahead..
VMC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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