Building Infrastructure Will Push Vanadium Demand
The demand for vanadium will be driven by high strength low alloy steel, which will be needed in rebuilding Japan's infrastructure.
The demand for vanadium will be driven by high strength low alloy steel, which will be needed in rebuilding Japan's infrastructure.
There are currently no primary producing vanadium mines in either the United States or Canada despite the fact that the continent contains significant deposits of the mineral. For now, this critical material for both the steel industry and a growing renewable energy market must be imported from overseas.This could change, with plans for mining to start in North America as early as 2012.
Four nations have locked their hands on the wheel of vanadium production, becoming the driving force in both the supply and demand of steel.
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