VDMRF - Vanadium Miners News For The Month Of June 2019
Welcome to Vanadium miners news. June saw vanadium prices flat and starting to stabilize now after a hefty past year fall. Overall, it was a solid month of progress for the vanadium miners despite weak vanadium prices.
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