Vanadium in 2019, page-69

Vanadium Impurities: High Grade Ore is Critical

Higher levels of impurities is in vanadium ore is matter.  Because the magnetite deposits must go through various circuits torefine the holdings, they could more easily cost themselves out of a marketthat competes with cheaper options.

Some companies may have have large holdings that might beeconomical for steel making but large parts of their tenement that will never be used in theredox space. These companies could spend somuch money processing to reach right product.

So it’s not sediment versus magnetite that manufacturers careabout. Its the all-in cost that ends up pricing magnetite holding out of themarket.

No manufacturer is going to care too much about the geology of yourholdings. But they just want to control electrolyte costs.

It’s simple.

Each deposit needs to be examined as for suitabilityand each battery maker will have their own recipe based on the material purity.