Excerpt During the past month, vanadium prices declined approximately 12% due to lower short-term demand in the steel market. However, we have observed recent stabilization, and firmly believe that the medium- and long-term fundamentals for vanadium remain unchanged. Battery applications are expected to experience robust demand growth in the coming years, making the sector an appealing prospect for the future.
Putting Vanadium on the Global Stage In May, LPV achieved a major milestone by listing on OTCQX under the ticker symbol VANAF. This strategic move enables retail investors in the United States to trade and hold custody of LPV shares securely and efficiently. We are confident that LPV presents a distinctive and valuable opportunity for long-term strategic investors with a belief in real assets and a commitment to decarbonization. At LPV, we are committed to providing our investors and the public with transparent and comprehensive information about our industry, which is relatively unknown to many. We recognize the surging demand for vanadium in battery applications and acknowledge that news updates from China, the largest and most advanced vanadium redox flow battery (“VRFB”) market, can be challenging to interpret.Therefore, we aim to bridge this information gap and keep global investors informed. It is worth noting that China alone has more than 2.5GWh of VRFB projects under construction in 2023, as highlighted in the article below. This alone represents an additional 11% of annual vanadium demand. Additionally, Finland recently designated Neometals' project as a crucial critical raw materials project in a report issued by the European Union. Meanwhile, Australia is providing A $49 million in support to the Australian Vanadium project, with the aim of fostering an Australian vanadium battery industry. Vanadium is truly advancing fast on the global stage. |