vanadium price a good post at twitter explaining the current rising vanadium price ( 10,4 in Europe)
https://www.vanadiumprice.com/ https://twitter.com/BigBiteNow/status/1493144663787806726 "As expected #vanadium prices continue almost across the board.
The message from Ferroalloys is that "the international vanadium price is rising violently."
In the years, I've read these reports I don't think I've ever read the word 'violently' before.
https://www.asianmetal.com/VanadiumPrice/Vanadium.html My understanding is that it is Ex-China that is driving the market right now and it is dragging China up with it.
This is a report on daily crude steel production in China for the first 10 days of Feb.
https://www.mysteel.net/article/5028402/MYSTEEL--Chinas-early-Feb-daily-steel-output-falls.html It is the lowest since Mysteel surveys began in Jan 2018. Driven by the CNY but mainly by the Olympics.
For those that don't know since H2 2021 China has instigated stricter pollution controls to clean up the air around Beijing for the Winter Olympics.
This has had a significant effect on China's northern steel production hubs. Many of which are situated close to Beijing. But as I have been writing about for some months now it is also clearly hitting their vanadium production hard too. If China had vanadium then it would likely be feeding it into Ex-China markets during a period when its own market is subdued.
This would then show itself through more stable pricing and less dramatic headlines.
Instead, the opposite is happening.
So what happens when the Olympics are over and those blast furnaces start to come back online?
Because right now for whatever reason the world vanadium market cannot handle a demand profile that saw China producing c. 72Mt month. Several factors could well be at play here.
1. Brazilian floods have reportedly affected output and supply to Europe in Q1.
2. Russia is threatening war on Ukraine and countries such as the UK plan to hit Putin's Oligarchs and their businesses which includes mining.
It is possible that this could affect Evraz who effectively are Russian vanadium supply which according to the USGS came in at c. 17% of total world supply in 2021. Evraz is 48% owned by two major Russian oligarchs.
Roman Abramovich and Aleaxnder Abramov.
Russia produces vanadium as a by-product through its steel production. Vanadium and steel production are key inputs in the defence industry.
Whilst the outcome isn't certain there is certainly cause for speculative concern and that is a major driver of all markets right now. So this could also be playing some part in recent price movements and will likely get far worse if Russia invades. Given all of the above plus what I've talked of lately, it is very difficult to see how these rises in vanadium prices can be stopped.
We're entering a period of heightened demand and logic says if vanadium was available in large quantities it would be being seen.
It isn't"
as a Russian i don't believe in large invasion into Ukraine.
Even if insane US and UK provoke further and Ukrainian troops gonna want to attack separatist regions that all will be end with a local cross-border militar action like in Georgia so called "peace enforcement" in 2018
Mr. Lee, you have 1-2 months to get Nevada Vanadium financed and listet at TSX-V... in very comfortable market ... but unfortunately amid tensions of two brother folks ,,, hopefuly without blood.
US/UK take all our oligarchs as hostage, confiscate all their foreign assets/funds, but please leave both our countries in peace.