That's the beauty of the relationship between a commodity's...

That's the beauty of the relationship between a commodity's supply and it's unit pricing.
The more supply there is due to more producers, the lower the commodity pricing. However, the pricing can only dip so low as to knock off a certain percentage of producers (usually in the highest percentile of the cost curve) which in turn reduces supply, thereby automatically increasing unit pricing.
For those of us who are electronics savvy you could liken it to an AGC circuit.
A self governing system that's extremely efficient.
The only pivot point here is the annual global demand, everything else self governs around that pivot.
Vanadium resources is in a very safe place