1/5
In this enclosed blog I attempted to demonstrate the significance of the V205 $8 per lb point.
Given what has just been reported in China, I believe we will shortly see $9 pr lb V205.
#BMN
In this enclosed blog I attempted to demonstrate the significance of the V205 $8 per lb point.
Given what has just been reported in China, I believe we will shortly see $9 pr lb V205.
#BMN
https://twitter.com/BigBiteNow/status/1392751140736012288?s=20
2/
Here now is the same historical V205 price chart marked up at $9 per lb.
Upon hitting $9 per lb the only time since 1980 that the V205 price has not gone on to spike to at least $11.50 per lb was in 2006/07 but it was coming off a downtrend.
Here now is the same historical V205 price chart marked up at $9 per lb.
Upon hitting $9 per lb the only time since 1980 that the V205 price has not gone on to spike to at least $11.50 per lb was in 2006/07 but it was coming off a downtrend.
3/
on all other occasions, the price continued higher because such pricing demonstrates a tight market is in play.
On a simple comparison to FeV that equates to a $50 per kg market.
Yes, we need more information on Europe/US prices.
thebushveldperspective.com/vanadium-prices
on all other occasions, the price continued higher because such pricing demonstrates a tight market is in play.
On a simple comparison to FeV that equates to a $50 per kg market.
Yes, we need more information on Europe/US prices.
thebushveldperspective.com/vanadium-prices
4/
They look to still be a little behind China/US but both are exiting Covid restrictions and it is Chin that dictates the world vanadium market...
and that is starting to show itself by the moves in those markets this last week.
Nothing is guaranteed and I could well be wrong,
They look to still be a little behind China/US but both are exiting Covid restrictions and it is Chin that dictates the world vanadium market...
and that is starting to show itself by the moves in those markets this last week.
Nothing is guaranteed and I could well be wrong,
5/
but history demonstrates that when we hit these sorts of prices a further significant push north is on the cards, with only $15-16 per lb the point at which substitution (niobium) truly kicks in.
but history demonstrates that when we hit these sorts of prices a further significant push north is on the cards, with only $15-16 per lb the point at which substitution (niobium) truly kicks in.
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