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.