RE:RE:RE:RE:Two weeks
Thanks a lot, Growlr! The evolution of the Chinese vertically integrated V supply chain (from Vanadium bearing ore/slag to VRFBatteries) is *THE* story in the sector for more than a decade. It's mostly ignored here, or better yet: Its implications are misrepresented. The fact that China supplies itself is being ignored (better: swept unter the rug) by all players with "skin in the game", their marketing vehicle, and fanboys. They spin the story in such a way that makes their audience believe China's huge VFRBs would increase ex-China demand for V, ultimately leading to higher V prices globally.
Even if you didn't do any reasearch and didn't know anything about how China supplies itself, you'd still have to ask yourself this question: Against the backdrop of several new huge VRFB announcements out of China (consuming the equivalent of 10%+ of global V production), how on earth could the price of Vanadium sink (instead of skyrocket as one would expect) sharply and how could Vanadium producers' stocks set fresh multi-year lows? Something doesn't quite add up here, does it?
China had the foresight and a clear vision. It laid out a strategic plan and executed on this plan with great succes. Now they're building new VRFBs (GWh class!) supporting the grid and providing Chinese workers with an ever growing number of secure jobs. Credit where credit is due!
Speaking of brilliant execution... Maybe Largo should hire a couple Chinese managers to right the ship. Current management has established its inability to execute sufficiently!