Post by
ceetong on Apr 26, 2024 1:47pm
China = Net Import for V2O5 in Q1-24
The young fanboy again misses the forest for the trees. Common sense should help everybody see: Something doesn't add up here! With primary producers' Q1 production down sharply and China allegedly soaking up supply, why on earth did the EU Vanadium price fall to its lowest level in 3 years? Reduced supply, increased demand = price collapse. Yeah, right.
Comment by
ThaLuvDocta on Apr 26, 2024 2:25pm
The price collapse may be related to steel prices as well during the China property crisis. China is reducing production of steel, which helps prices. China may not be a net importer for all vanadium products at this time, but they are an importer now for V2O5, and that's Largo's top product.