Fortune Mojapelo, CEO of Bushveld Minerals talks about the completion of Vametco acquisition, which was largely financed via debt, the financing structure, Vanadium market, and future plans.
The good news is Bushveld is not a China story. Mojapelo says, “China is the biggest consumer of vanadium, but also is also the biggest producer”. He adds, “The use of vanadium in steel production is on the rise” and the prices could rise in line with the rise in the infrastructure spending across the globe.
More importantly, there are no substitutes available for vanadium.