Vanadium prices have been rising in 2025, driven by strong demand and tightening supply across global markets.
Here’s a snapshot of what’s happening:
Global Price Trends:
In India, vanadium pentoxide reached $12,874 USD/MT in June, up from $13,030 in March.
In the USA, prices rose to $9,584 USD/MT in June, compared to $9,341 in March.
China saw prices climb to $8,655 USD/MT in June, up from $8,978 in March.
What’s Driving the Increase:
Energy Storage Boom: Vanadium redox flow batteries (VRFBs) are gaining traction for renewable energy storage, boosting demand for high-purity vanadium.
️ Steel Industry Demand: New rebar standards in China require more vanadium, increasing consumption.
⚠️ Supply Constraints: Environmental regulations and geopolitical tensions have disrupted
production, especially in China and South Africa.
Surefire Resources (ASX:SRN) is heavily involved in vanadium through its flagship Victory Bore Vanadium Project in Western Australia.
Here’s what they’ve got going on:
Massive Resource: Victory Bore holds a JORC resource of 464 million tonnes containing vanadium, titanium, and iron.
Breakthrough Extraction: Surefire developed a process that extracts 91% vanadium directly from magnetite concentrate—streamlining production.
Global Strategy:
They’ve signed MoUs with partners in Saudi Arabia to process vanadium and produce multiple products including ferrovanadium and vanadium electrolyte for batteries.
Targeting the vanadium redox battery (VRB) market, which is forecast to hit AUD 50–100 billion by 2025
SRN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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