Welcome to Vanadium miners news. March saw vanadium prices move lower and an interesting month of vanadium market news where we meet the inventor of the Vanadium Redox Flow Battery [VRFB].
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