Welcome to Vanadium miners news. October saw vanadium prices lower and steady progress by the vanadium miners and juniors.
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 7.90/lb
China Ferrovanadium [FeV] 80% Price = USD 35.80
Source: Vanadiumprice.com