🕐19.07.12 - 22:27 Uhr
PACIFICORE MINING CORP. - VANADIUM INDUSTRY UPDATE
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Navigating the Vanadium Market: Sex Appeal Vs.
Lasting Attraction
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Vanadium is finding a new niche in storing and distributing electrical energy through
the use of vanadium flow batteries, having previously been used almost entirely
in steelmaking.
Author: Sara Patterson
Posted: Thursday , 19 Jul 2012
Charlotte, NC -
Metals within the natural resource sector are described in numerous ways-some of
them more profane than others, given current markets-but "sexy" is rarely one of
them.
Yet the term has been bandied about with impunity over the past several
months where vanadium is concerned, thrown out with such frequency that one begins
to wonder whether commentators are referencing the hard gray element or an extremely
poorly-chosen strippers stage name.
And while the browbeaten tone of many resource sector followers would suggest that
most could probably use an ill-advised night out, more to the point is the question
of whether vanadiums sex appeal will hold up with time.
Gauging the sustainability of the vanadium buzz begins, essentially, with an examination
of its sources.
And while such factors for other resources are often intangible-take,
for example, the dizzy dance of gold around inflation fears-vanadium in this sense
has a solid pair of legs to stand on, fishnet-clad though they may momentarily
be.
The basis of this relative stability lies, refreshingly, in the changing
landscape of the elements end use-and its subsequent influences on basic, downright
matronly supply and demand.
Previously centered almost entirely around the steel industry, vanadium has emerged
as a key player in the pursuit of manageable alternative energies.
The tipping
point of global fossil fuel dependence is placing increasing emphasis on renewable
energy sources, and in turn necessitating grid energy storage as a means of storing
and distributing energy from wind, solar, and hydro operations.
And among the
frontrunners of grid storage solutions is the vanadium flow battery.
The technology itself has decidedly passed the speculative stage and entered into
active implementation, marked by a project commission by major food processor Gills
Onions in April that brought the worlds largest vanadium flow battery online in
the US.
Gills Onions unveiled the battery technology to the public last week,
noting anticipated energy-cost savings of "hundreds of thousands a year," according
to Prudent Energy Corp.
President Jeff Pierson, via a system that generates power
by mixing a chemical solution, charging it with vanadium electrolytes that conduct
electricity, and storing the resulting megawatt-hours.
Such industrial applications, aided and abetted by their economic attraction perhaps
more so than their green angle, underscore a key aspect of vanadiums current and
future charm-the allure lies with the higher-value electrolyte,
click here to view rest of article...
With battery-driven demand thus steadily rising, global supply channels are also
critical factors.
The US, at present, imports 100% of its raw vanadium projects
for use in chemical industries, and the dominance of China as a supplier has many
end users looking for an easily obtainable alternative source.
Given this textbook
conflation of supply and demand, "sexy" is suddenly not quite such an outlandish
description.
Yet the vanadium market, like any other, continues to require tact; cost reduction
and labor force reorganization prompted a strike on Monday that effectively suspended
operations at Russian steelmaker Evrazs vanadium asset in South Africa.
Perhaps
to an even greater extent than any other metal of recent note, vanadium contains
multitudes-its newer applications have generated a great deal of glitter and thrill,
though no amount of sex appeal grants total immunity from the complexities and
complications of the natural resource sector as a whole.
Accurate determinations of sustainable value must therefore be made on a more individual
basis, accounting not only for economic project viability but for intended end-use
and corresponding demand.
There are, after all, a number of passing beauties-but
some will age better than others.
Sara Patterson specializes in viewing the operations of junior exploration companies
in North America and Europe and generating market commentary.
She is the President
of an Investor Relations firm specializing in the natural resource sector, and
holds a degree in Journalism and Mass Communication and Geology from the University
of North Carolina at Chapel Hill.
The companies mentioned within this column represent
the opinions and interests of the author and do not constitute buy/sell recommendations.
Source:www.mineweb.com
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Gray
For more information contact:
W.
Adrian Bakker
VP Corporate Communications
PacificOre Mining Corp.
TSX-V "PC"
1600-543 Granville St.
Vancouver, BC, Canada V6C 1X8
Ph.604.683.8990
Direct.604.641.4474
Toll Free:1-800-663-8990
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