Vanadium industry market news, page-13

Not sure if posted before, came out 2 months ago.

ASX vanadium stocks: here’s everything you need to know

"Demand driving vanadium stocks:

There are four main uses of vanadium.Traditionally, vanadium is used in:

Steel – 92 per cent of vanadium is used in steel. It takes only a small amount of vanadium to double the strength of steel and reduce its weight by 30 per cent.

Titanium – vanadium is also used to make titanium alloys. This is where titanium is mixed with other chemical elements to make it stronger.

Titanium alloys are used in military applications, aircraft, spacecraft, bicycles, medical devices and jewellery.

Chemicals – V2O5 is used in ceramics and as a catalyst for the production of sulfuric acid.

Growing demand for steel, particularly in China, has driven a shortfall in the commodity.China also recently introduced stricter standards to double the amount of vanadium used in its rebar, a reinforcing steel used in concrete, following recent earthquakes.But all the excitement in recent years has focused on vanadium’s use in batteries for stationary energy storage.

While lithium-ion is now the favoured technology in China, it appears the Asian powerhouse is leaning towards VRFBs as its best option for grid-scale energy storage. "