Welcome to Vanadium miners news. January saw vanadium prices flat and a quieter month for 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% Price = *USD 6.10/lb
China Ferrovanadium [FeV] 80% Price = *USD 28.50
Source: Vanadiumprice.com
*Note: I am