Phenom Resources Corp (PHNMF)

[ThSeeker]

Positive Vanadium price outlook into 2019

(this is a snippet from full article. Recommend reading it all at)
https://www.proactiveinvestors.com.au/companies/news/212553/vanadium-prices-remain-strong-into-2019-as-further-new-energy-applications-are-developed-212553.html


After a rallying run across 2018, the vanadium price saw a slight decrease at year-end, however this was seen by most analysts as a short-term dip.

Increasing demand in steel alloys and further development of vanadium battery applications, coupled with limited supply until 2022, is expected to sustain higher prices into 2019.

Algar continued: “We’ve seen the price come off and there’s a band between $10-$15 which we think the vanadium price is going to settle into.