Date: Feb 22, 2019
Are we there yet?
After last year’s surge and a brutal price correction, vanadium prices have ticked up again in the all-important Chinese market. This has some investors asking if it’s time to buy into this emerging energy metal story.
The rebound in China is encouraging, but I have to point out that prices are still falling in Europe, of only slightly. It’s by no means clear that the retreat is over. If we pull back to look at the bigger picture, this becomes even more obvious.
As you can see, the current uptick barely shows on the chart. More alarming is that previous spikes were followed by significant “dead cat bounces.” Then prices went back into decline.
