RE:RE:RE:RE:RE:RE:RE:Winning From Higher Vanadium Pricesst_esteban wrote:
when the price is too high for buying/leasing you will look for the alternative
Alternative solution?
1) "At last year’s +$US30/lb prices for V2O5, it didn’t matter how good VRFB was. It just couldn’t compete with lithium-ion on price"
2)" Vanadium batteries are not viable at V2O5 prices over $US10/lb “in any form”, says David Gillam of consultancy Mastermines, but prices below this should spark the battery sector into action"
3) "...When prices skyrocketed last year, VRFB producers couldn’t afford the vanadium to put in their batteries"
4) “They all had a near death experience last year,”
5) “Now that the price has come off, they came to the conference aware that they needed to talk to producers to lock in future supply"
6) “They had lost a little bit of the arrogance they might’ve had a few years ago, thinking they could get cheap vanadium from anybody.”
7) "...the number of VRFB installation is increasing again after many of these companies went into a holding pattern last year"
8) Algard: “Between $US8-$US12/lb is a good balance. Too low and you knock too many tonnes out of the market; too high and the battery guys become unviable"
9) Algar says if battery producers can lease vanadium, or secure its supply at “reasonable” prices, then it makes for very low costs per kWh over the asset life compared to lithium-ion
10) The important thing about the leasing model is that it is unaffected by fluctuating vanadium prices. And it allows the producer, battery maker, and financier all to benefit, says Algar.
Are lower vanadium prices triggering a wave of giant new VRFB developments?
https://stockhead.com.au/resources/are-lower-vanadium-prices-triggering-a-wave-of-giant-new-vrfb-developments/