Key Conclusions from an official review "The price of vanadium...

Key Conclusions from an official review

"The price of vanadium will continue to rise as the current production is needed only for steel production”.
Vanadium therefore has one advantage: the current vanadium production is almost entirely required for the production of steel alloys.

An expected demand from the area of the storage technologies cannot be covered at the moment quasi at all. The expected exponential development in demand from this new area of application will therefore immediately
lead to a supply gap in vanadium, which can already be seen from the steadily rising price of vanadium. On the other hand, there are currently few or no new vanadium mines in operation. If this is the case, then vanadium can only be increasingly extracted within the next 2 to 3 years from old tailings piles, for example uranium mines.

There will clearly be a need for new primary vanadium capacity in the future, which historically has always been a major challenge and cannot be met within 2 or 3 years.

Vanadium, for example, will become a relatively unnoticed booming element, because one thing is certain: the decentralized storage of excess energy will become THE decisive issue in the future when it comes to the question of where base-load energy is to come from to refuel millions of electric vehicles

Conclusion: "The electric revolution is just beginning to take off and will lead to a long-lasting boom in lithium, cobalt and vanadium!”