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Thursday, November 02, 2017 4:47:20 PM
Rechargeable-battery ingredient cobalt has gained 83 percent, while ruthenium, used in the chemical industry and electronics, is up 63 percent. The latest star is vanadium, an obscure silvery-grey metal thought to have been used to harden steel as far back as the Crusades.
The metal, which is also used in energy-storage batteries, has surged 67 percent since mid-July, according to Metal Bulletin data.
SUPPLY AND DEMAND
Vanadium flow batteries are the size of shipping containers and can be used to store power from renewable sources of energy, smoothing out peaks and troughs and making the power supply more dependable. Pala Investments Ltd., an investment firm founded by Russian billionaire Vladimir Iorich, predicts battery demand for vanadium will grow 10-fold from 2015 to 2025.
There are also questions about supply. The Mapochs mine in South Africa closed last year, while Glencore also said supply has been constrained due to environmental inspections in China. Russia, China and South Africa are the biggest sources of the metal.
https://www.bloomberg.com/news/articles/2017-08-23/obscure-metal-used-to-fight-crusaders-has-surged-67-in-a-month
DO YOUR DD ON VANADIUM.
You'll be glad you did. Good Luck!
11/2/2017 PPS at Close was .27 cents
https://www.barchart.com/stocks/quotes/STNUF
Another flier like TNGL. =)
Disclaimer: Do not ever buy a stock because of my opinions ever because you can lose everything. Nothing I say is ever a recommendation, but just an opinion. Don't Buy, Don't Buy as Cramer would say on CNBC. Do your OWN DD.
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