The Increasing Market Potential of Vanadium and Vanadium Flow Batteries

In this edition of our Battery Metals Insight Series we examine the market potential of vanadium and Vanadium Redox Flow Batteries (“VRFBs”).

Large scale VRFB projects in China have lead a wave of stationary storage battery manufacture across the world. Spot prices for vanadium are rising due to the recovery of the aerospace industry and increasing demand for vanadium in industrial processes. The VRFB industry is set to grow, as increasing demand and projects will raise the fortunes of vanadium miners.

There are 3 global leaders in primary production for vanadium: Largo Inc. (TSX:LGO) (NASD:LGO) which has a mine in Brazil; Bushveld Minerals (LSE:BMN), which has mines in South Africa and mining giant Glencore (LSE:GLEN), also in South Africa.

Two of these vanadium companies – Largo and Bushveld are involved in the manufacture of VRFBs. If one or both companies gain a combined 10% share of the stationary storage market, global vanadium production will increase by 50%.

Full report: capital10x.com/the-increasing-market-potential-of-…

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