The Yarrabubba Project has demonstrated the ability to produce a premium high-grade iron-vanadium magnetic concentrate product which will reduce funding and implementation risk for the Gabanintha Vanadium Project.
Vanadium was a hot commodity a couple of years ago as prices rose and the energy storage narrative took off, but since then sentiment surrounding the metal has largely cooled.
Italian power consumption has recovered slightly better than expected in the second half of this year, but the recent rise in Covid-19 cases could put an end to this trend.