Club Mulgoa

Saturday, January 08, 2011

Vanadium anyone?

http://www.mineweb.co.za/mineweb/view/mineweb/en/page31?oid=118084&sn=Detail&pid=31

http://www.proactiveinvestors.com/companies/news/10395/the-vanadium-market-vanadium-redox-batteries-may-be-the-future-10395.html

Still no one interested in vanadium? But it is slow in coming. However, battery technology has been given a boost recently by both the China and Obama administrations. So far, lithium-vanadium battery appears to be the best.

The first time I read about vanadium, I proceeded to buy SPM; seems like no one wants the world-classs Australian deposit. That was about a month ago. So while the ASX has been falling, SPM is up >50%. And if no battery technology is better than Vanadium-Lithium cell at the moment for voltage, current (Electrical power = current x voltage) and long life with minimal deterioration, then SPM will be taken over. Story of Aussie companies. Will SPM go up further? Inshallah!

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