Largo's own presentation
shows a shrinking V deficit in the years 2024, 2025 and 2026!
Have a look at page 10, bottom right graphic "Projected Vanadium Supply/Demand Balance". It shows quicker growth of supply rates in the years after 2023, minimizing the gap between supply and demand. The supply/demand scenario doesn't improve compared to the 2023 figure before 2028!