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May 10, 2017 11:02 AM ET
John Lee, CFA
Disclosure: I am the Chairman and CEO of Prophecy Development Corp.
Mr. Robert Friedland is the recipient of the 2017 Northern Miner’s Lifetime Achievement Award, and when the legendary mining billionaire offered his rare insights on vanadium in a recent interview with The Northern Miner, I paid my full attention. Mr. Friedland stated:
“We think there’s a revolution coming in vanadium redox flow batteries,” he says. “You’ll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries on a massive scale.
We’re very deeply interested in how you store electrical energy in the grid.
The beauty of the vanadium redox battery is that you can charge and discharge it at the same time, something that can’t be done with a lithium battery. With a vanadium redox flow battery, you can put solar power and wind power into the battery, and you can put excess grid power into the battery at night, and at the same time you can have a stable output into the grid.”
Like Mr. Friedland, I favor the fundamentals of vanadium, which is embarking on a stealthy run in price that very few exploration and mining investors and commodities observers have yet noticed. Below are charts of vanadium (vanadium pentoxide or V2O5) price and the stock price of two companies active in vanadium, an exploration company and a mining company to illustrate this stealthy run.