Largo Inc T.LGO

AsianMetals V2O5 Pricing

[Clipper2]

China's steel exports will fall this year under a government policy to cut or maintain crude steel output at 2020 levels, a top executive at major producer Hebei Iron & Steel (Hesteel) said.

07-14-21

https://www.argusmedia.com/en/news/2234033-china-to-cut-2021-steel-exports-under-green-shift-sifw

 

Here's a good report on China's steel production.

 

08-17-21

https://www.reuters.com/world/china/green-push-dilemma-chinas-steel-curbs-could-cripple-price-control-efforts-2021-08-17/

China is the worlds biggest polluter by far. In 2019 with more than 10,065 million tons of CO2 released. The US is 2nd with 5,416 million tons of CO2 released.

https://climatetrade.com/which-countries-are-the-worlds-biggest-carbon-polluters/

 

How successful have they been at curbing production?

09-02-21

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/090221-china-steel-output-may-rise-4-7-this-year-missing-co2-emissions-curb-target-transitionzero


The world demand for steel is expected to increase, and as China cuts back on steel 

production the rest of the world's steel producers should easily be in a position to make up the difference. 

08-10-21

https://www.bnnbloomberg.ca/steelmakers-surge-as-u-s-infrastructure-plan-buoys-demand-view-1.1638770


and this.

08-24-21

https://www.worldsteel.org/media-centre/press-releases/2021/july-2021-crude-steel-production.html

 

So how has the news of China's curb on steel production affected the price of V2O5?

 

As you can see from the AsianMetals vanadium pricing reports the price of V2O5 has been steadily climbing since the start of 2021, and after the recent decline (for obvious reasons) the price has been holding steady at $9.

Q1-21	2021-01-01		avg Euro V. Price $7.09
Q2-21	2021-04-01		avg Euro V. Price $8.19
			Note: AsianMetals Pricing
Q3-21	2021-07-01	8.90
Q3-21	2021-07-05	8.80
Q3-21	2021-07-12	8.90
Q3-21	2021-07-19	9.10
Q3-21	2021-07-26	9.30
Q3-21	2021-08-02	9.70
Q3-21	2021-08-09	9.80
Q3-21	2021-08-16	9.80
Q3-21	2021-08-23	9.60
Q3-21	2021-08-30	9.50
Q3-21	2021-09-06	9.00
Q3-21	2021-09-07	9.00
Q3-21	2021-09-08	9.00
Q3-21	2021-09-09	9.00
Q3-21	2021-09-10	9.00
Q3-21	2021-09-11	9.00
Q3-21	2021-09-12	9.00
Q3-21	2021-09-13	9.00	Q3-21 after 10 weeks
			avg Euro V. Price $9.34
			If the price of vanadium
			remains at $9 for the last 2
			weeks of the quarter the avg
			for Q3 will be $9.28.

GL

 

[SKiamforsure]

Thanks Clipper Good look at the future we shall see  china will be interesting seems to have storm clouds  SK

[Clipper2]

Hi SK. Hopefully, it won't be too long before Energy Storage takes off. We have been waiting a long time, and patience will pay off. We know the Chinese prefer the VRFB technology. GL 09-13-21 https://www.argusmedia.com/en/news/2253359-chinese-firms-to-promote-vanadium-energy-storage?backToResults=true Major Chinese titanium and vanadium producer Pangang Group Vanadium/Titanium Resources

[MetalsMan]

At $16.00 o am hoping a few storm clouds are priced in already

[Clipper2]

Correction. I quoted AM price today was $9. The price actually dropped slightly to $8.90.