Why is vanadium so special? Vanadium is a strategic metal that is already irreplaceable for engineering in aerospace, aviation, automotive, shipping and construction. This is because vanadium has a remarkable ability to make steel alloys both stronger and lighter. In fact, vanadium-titanium alloys have the best strength-to-weight ratio of any engineered material. These ultra high-strength and super-light steels are often called the plastics of the 21st century, and demand for them is strong and growing.
BHP Billiton projects that more steel will be consumed in the next 20 years than was consumed during the entire 20th century. And highstrength low-alloy steel, made with vanadium, has outpaced crude steel production by 21.6% since 2006. Around the world, economic stimulus packages are now funding a global boom in infrastructure projects such as airports, pipelines and bridges. World markets estimate total global infrastructure spending over the next 20 years will reach $35-trillion -- with many of those projects requiring vanadium.
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