Matt Bohlsen summarizes the vanadium news:
- Vanadium China spot prices rise dramatically from ~USD 20/lb to above USD 33/lb.
- Vanadium market news - "Vanadium is the new super-metal."
- Vanadium company news - Australian Vanadium Gabanintha PFS resulted in a NPV8% of US$1.1B.
- October saw vanadium China spot prices rise over 50% from USD 20.80/lb to USD 33.10/lb.
- Vanadium prices have now risen over five fold in the past two years.
Vanadium Uses
Vanadium is traditionally used to harden steel. However Vanadium flow batteries (VRFBs) are becoming increasingly popular especially for commercial energy storage, most notably in China.
Vanadium oxide spot price history
China Vanadium Pentoxide [V2O5] Flake 98% Price - USD 33.10/lb
Vanadium Demand Versus Supply
- Some interesting charts below to help explain the boom in vanadium prices over the past two years.
- Vanadium demand forecast to outstrip supply 2018-2025
In 2017, Robert Friedland concluded that a revolution was coming in vanadium redox flow batteries. "You’ll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries on a massive scale. We’re very deeply interested in how you store electrical energy in the grid. The beauty of the vanadium redox battery is that you can charge and discharge it at the same time, something that can’t be done with a lithium battery. With a vanadium redox flow battery, you can put solar power and wind power into the battery, and you can put excess grid power into the battery at night, and at the same time you can have a stable output into the grid.
For more, see: http://vanadiumprice.com
Original URL working: https://seekingalpha.com/article/4215939-vanadium-miners-news-month-october-2018
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