2308 GMT - Australian Vanadium's bulls at Shaw & Partners see the Western Australian government's A$150 million battery project as evidence of the huge opportunity open to the ASX-listed explorer and flow battery developer. Shaw thinks that Australian Vanadium is the leading candidate to win the contract at tender, pointing out its Murchison project is just 27 miles away from the site of a potential vanadium supply highlighted by the government. They write in a note that significant vanadium-flow storage capacity is being installed in Japan, China and Europe. Shaw maintains a buy rating and A$0.08 target price on the stock, which is at A$0.013 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 02, 2025 18:08 ET (23:08 GMT)
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