Price peaked at $28.8 on November 29 2018... it is now $8.50
Would like to see it jump the downward trend.
Vanadium is used in aerospace, military defense, large-scale energy storage, and steel-strengthening agents. China controls 60% of the global vanadium supply. US imports 100% of its vanadium. China’s vanadium supply is insufficient to meet its own domestic demand. With global demand vastly out-stripping supply, the fundamentals are bullish for vanadium in both the short and long terms.
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19.2 coming into focus
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like to see it stabalise 23 and then break the downward trend
It will fail the downward trend and retrace the low of march after that sideways consolidation until more is known of the vanadium. pricing which is driven mainly on chinese demand; The Chinese price for vanadium pentoxide flake peaked at US33.90 ($47.52) a pound in early November last year but has since slid more than 57 per cent to US14.40 a pound.