Christopher Ecclestone takes us through a snapshot of the vanadium market. Highlighting the spikes and troughs that characterise the spot price of Fero-vanadium since the year 2000.
We hear about advantages and dynamics of Vanadium Redox Flow Batteries (VRFBs), especially efficient for large scale energy storage applications versus lithium-ion batteries.
Despite the excitement around VRFBs, the steel-producing industry represents the bulk of vanadium demand. While steel alloys demand for vanadium is up, Christopher considers Chinese economic slowdown and recent property sector crisis could flatten demand in the short-term. With substitution possible from niobium when prices rise too high the demand growth story for vanadium remains firmly with energy storage applications.
Christopher shares where investors can look for exposure to a limited pool of good vanadium mining projects that tend to be concentrated in Southern Africa and Australia.
Website: hallgartenco.com
Guest:
Christopher Ecclestone, Principal & Mining Strategist, Hallgarten & Company
Mining investment news, insights, and company profiles
Vanadium Market Outlook with Christopher Ecclestone – Principal & Mining Strategist, Hallgarten & Co
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