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<u>Vanadium Market Growth Set To Continue</u>

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IG13   Monday, 10/29/18 04:31:15 PM
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Vanadium Market Growth Set To Continue

So far this year, the spot price of Vanadium has almost tripled in value. This has been brought about by a number of factors, the most important of which is the implementation of Chinese building code that requires the use of high-strength steel. A consequence of this is that the world’s largest producer of vanadium has now become a net importer of it, setting the ceiling of the industry sky high.

The growth of vanadium looks set to continue moving forward as vanadium flow-batteries (VFBs) continue to be the preferred choice over lithium-ion batteries in the rapidly growing industry of energy storage.

Experts in the field have found that not only are VFBs are more cost-effective, but have significant performance benefits when compared to their lithium-ion counterparts

More information available in the article linked below.


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