1 tonne of Vanadium equals roughly 1.8 tonnes of V2O5
I was just rounding off using 120,000 tonnes of Vanadium produced in 1 year and doubling it for Pentoxide that could theoretically be produced from that Vanadium.
At the upper end of that global production of Vanadium per year and being more precise would give you the below.
125,000 tonnes of V produced ( x 1.8) = 225,000 tonnes of V2O5
Another way to look it also is that China's 2025 demand alone would need roughly 15 times of AVL's forecasted annual output just for their Flow Batteries each and every year as a minimum. If their manufacturing plants were running at capacity.
AVL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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