V volatility If you know the volatility of vanadium prices, then you know that V prices are probably at a low or close to it right now when considering recent China stimulus. The property stimulus could lead to increased China steel production, and thus increased demand for V, and thus higher V prices within the short term. This is at a time when VRFB usage is still proving itself, but VRFB could lead to higher V demand and prices too. As a supplier of V with a VRFB battery company, LGO stands to benefit over the medium to long terms. All of this combined with a new Ilmenite factory that is expected to reach near-capacity production in some months. Buy low sell high.