One metal is defying the general gloom of the mining markets. I’m talking about vanadium.
Its price has gone up by over 800% in the past two years and is now near an all-time record high. And “all-time” is a long time for this metal. It has roots in the B.C. era as the material that allowed Damascus swords to be so strong and flexible.
It has created a media and investor frenzy reminiscent of lithium and cobalt. And frenzies like this, though they can be short-lived, are where a lot of money is made in the mining world.
Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production.