Comment by
NewAgeMetal on Mar 25, 2022 3:45pm
Well they seem to be but same thing happening to Bushveld. I think they expected deficits of v aren't materializing to justify further prices increases. The sanctions don't seem to be stopping that 17% world supply of vanadium from coming to market. 17% is huge, we'd certainly know if it was missing.
Comment by
EnglishTickler on Mar 25, 2022 3:51pm
possibly. Another scenario would be that V users aren't operating on a week to week supply; they will have reserves, and it may take time before the real deficit is seen.
Comment by
kha341 on Mar 25, 2022 4:08pm
About 17% of the world's V production come from Russia. That number includes production destined for local Russian consumption and for export to China (Russia has always been the biggest exporter of V to China compared to the rest of the world). So not all of the “17% “ are covered by the sanctions.
Comment by
NewAgeMetal on Mar 25, 2022 4:43pm
Fair, although I think China is moving the stuff that would have been caught by sanctions. Bottom line, $12 vanadium might be as good as it gets-time for the folks at the mine to make the most of it and create some value-$12 if it stays, is a pretty good number.