Vanadium prices are now at their highest point since 2005, pushing through the magical $US20/lb mark on Friday amid ongoing supply concerns, according to Metal Bulletin data.
And with only three large scale primary vanadium producers globally Bushveld Minerals, Glencore, and Largo Resources this supply squeeze looks set to continue in the near term, even with planned expansions designed to increase annual production.
Bushveld Minerals (LON:BMN) is a low cost, integrated, primary vanadium producer, with ownership of high grade vanadium assets.
The Company’s flagship vanadium platform includes a 75 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; the Mokopane Vanadium Project and the Brits Vanadium Project.