A global shortage in the vanadium market caused by increased vanadium demand in the steel, aerospace and the battery industries could affect the US, a country almost completely dependent on imports of the metal.
The Green Giant Vanadium in Madagascar currently is one of the largest vanadium deposits, though expensive extraction costs may hurt economic viability. But the company remains confident in the potential of their unique deposit.
American Vanadium's Paul Casey discusses a new electrolyte mix has been found to increase the energy capacity of vanadium redox batteries (VRBs) by as much as 70 percent. The new technology could prove the economic potential of Vanadium Redox Batteries if utilized for integrating solar and wind power into the grid.
Vanadium Investing News speaks with Jonathan Lee, a Battery Materials and Technologies Analyst at Byron Capital Markets to learn more about how demand for vanadium can be expected to rise if the vanadium redox battery is widely adopted in renewable energy technologies.
The first fortnight of the new year brought in a lot of cheer for vanadium.
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.
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