[INTERVIEW] Triton Minerals: Becoming a big player amidst Chinas Graphite exodus, page-3

https://unauthorised investment advice/resources/world-class-vanadium-resource-adds-value-to-tritons-nicanda-hill-project/

Vanadium outpaces other battery metals

Vanadium’s price growth has outstripped popular battery metal rivals lithium and cobalt as well as the other traditional commodities in recent years.

At the moment, about 90 per cent of global vanadium production is used to make high-strength steel. But future demand stems from its role in vanadium batteries, which can store more power and last much longer than lithium batteries. Interestingly, these vanadium batteries still require graphite as the anode material.

Projections estimate demand of 300,000 tonnes of vanadium over the next few years because of vanadium redox flow batteries – more than three times what is currently produced.

Nicanda Hill joint venture interest

Triton is in talks with parties in China and the Middle East that are interested in potentially partnering on the Nicanda Hill project.

“These recent developments will assist the commercialisation discussions underway on Nicanda Hill and the company’s efforts to introduce a JV partner into what is a world scale vanadium and graphite deposit,” Mr Canterbury said.

Triton is actively marketing a farm-out of up to 50 per cent of the project in a phased approach.

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