RE:RE:RE:Buying Opportunity?
"All those projections from Cleaves were assuming $12 vanadium"
To be fair, $12 projections was what Cooperman had been asking for. Cleaves just answered his question and did not mislead here IMO. With the world heading into recession and steel production slowing, the only thing that could help the Vanadium price for the time being, is accelerated demand from V flow batteries. As of today, I can't see that demand. Hundreds of MW hours of capacity are being announced every week but not one VRFB was winning a tender in recent months. That being said, the LCE plant has just opened and production is ramping up as we speak. If Prince didn't lie to us, leads are coming in at an increasing rate. So there is still hope. Should we ever be informed what the results of the 3-months-assessment are, we could get a better idea of what to expect and when.