Bushveld’s profits hit by fluctuating vanadium prices and exchange rates

By Julian Singer In a trading update released on 21 October 2021 Bushveld Minerals, the South African miner of vanadium ore, reported production of 2629 mtV (metric tonnes of vanadium) for the nine months to 30 September, down 2 per cent from the same period in 2020 even though the latter was reported to have [...]

By |2021-11-03T08:54:35+00:00November 2nd, 2021|Bushveld Minerals|Comments Off on Bushveld’s profits hit by fluctuating vanadium prices and exchange rates

Bushveld Minerals, the vanadium producer, dreams of flow batteries but is dependent on the steel industry

By Julian Singer Bushveld Minerals, a vanadium mining company, reported a revenue of US$43.1 million for the first half of 2020, down from $78m for the first half of 2019, and leading to a loss of $10.3m after a profit of $30.8m in H1 2019. At the same time sales and production of vanadium both [...]

By |2020-11-17T15:15:30+00:00November 17th, 2020|Bushveld Minerals|Comments Off on Bushveld Minerals, the vanadium producer, dreams of flow batteries but is dependent on the steel industry

Bushveld Minerals profits from high vanadium prices and sees a bright future in flow batteries

Bushveld Mineral’s results for the first six months of 2018 make remarkable reading. Revenue was £62million, up from £2.2m for the ten months to the end of 2017, and profits after tax turned a loss of £0.7m into a profit of £21.1m. The reasons for this dramatic change were, first, the decision by Bushveld in [...]

By |2018-12-05T18:53:34+00:00December 5th, 2018|Bushveld Minerals|Comments Off on Bushveld Minerals profits from high vanadium prices and sees a bright future in flow batteries
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