With talk of supply tightening, vanadium suppliers are preparing to expand production. Increased demand has also led to developments in a number of non-traditional vanadium producing countries.
Vanadium prices have stablized in the first week of February, even as exploration companies report exciting new finds.
Sino Vanadium 100% owns the Daquan Property in China containing indicated resource of 330 million pounds of V2O5 and inferred resource of 370 million pounds of V2O5. China is the largest consumer of vanadium which it uses for high strength steel and titanium alloys, various chemical applications including a rapidly growing use in high power density, extra long life batteries.
Monday, September 12, 2011