RE:Vanadium Pricing Comparisons
LGO always get significantly less than the average MB price. This is in the Q3 financial report: Vanadium sales from a contract with a customer was $52.5 million in Q3 2019, compared with $120.5 million in Q3 2018. Vanadium sales per pound sold7 in Q3 2019 was $8.76 (US$6.64) compared to $21.86 (US$16.71) per pound in Q3 2018. This decrease is primarily attributable to a decrease in the V2O5 price, with the average price per lb of V2O5 of approximately US$7.16 for Q3 2019, compared with approximately US$19.66 for Q3 2018. The most recent European Metal Bulletin price range quotation for V2O5 posted as of November 8, 2019 was in a range of US$4.45 to US$5.00 per lb. ### They got 6.64 instead of 7.16 and 16.71 instead of 19.66. The ratio in between 85 to 92 percent. I expect them to get less than 5 dollars for Q4. Have someone done this kind of comparison for other quarters? Do you have similar conclusions?