Accordingto the following site, in 2017, the worldvanadium production was 80,000 MT. The world lithium production was 43,000 MT duringthe same time period. So, vanadium seems to have a larger market (in terms of quantity) than lithium. But even the oil price goes up and down by multiples. The price swings mainly depend on elasticities (responsiveness) of supply/demand.
https://investingnews.com/daily/resource-investing/battery-metals-investing/vanadium-investing/vanadium-producing-countries/
https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-producing-countries/
Accordingto the following site, in 2017, the worldvanadium...
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