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home / news releases / SILEF - Vanadium Miners News For The Month Of August 2020

SILEF - Vanadium Miners News For The Month Of August 2020

Prophecy Development

Welcome to Vanadium miners news. August saw vanadium prices slightly higher for the month and plenty of vanadium market and company news.

Vanadium uses

Vanadium is traditionally used to harden steel. New Chinese rebar standards are requiring more vanadium. Also Vanadium Flow Batteries [VRFBs] are becoming increasingly popular especially for commercial energy storage, most notably in China. Vanadium Pentoxide [V2O5] is used in VRFBs and Ferrovanadium [FeV] is used in the steel industry.

Vanadium spot price history

China Vanadium Pentoxide [V2O5] Flake 98% 1 year chart - Price = USD 7.10/lb

China Ferrovanadium [FeV] 80%

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Stock Information
Company Name: Prophecy Development
Stock Symbol: SILEF
Market: OTC
Website: silverelef.com
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