Vanadium News

This summary came into my email box yesterday.

Some interesting bits.

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Vanadium Miners News For The Month Of April 2023
Apr. 29, 2023 5:30 AM ETAMVMF, ATVVF, BKUCF, BSHVF, BSK:CA, DMNKF, EFR:CA, GLCNF, GLNCY, IESVF, LGO, LGO:CA, PHNM:CA, PHNMF, PNTZF, RDRUY, RRSSF, SR:CA, SRHYY, SYAAF, TM:CA, TNGZF, UUUU, VDMRF, VONE:CA, VRB:CA, VRBFF, WSTRF

Summary

• Europe vanadium pentoxide spot prices were lower the past 30 days. China and Europe ferrovanadium prices were lower.
• Vanadium market news - Tesla Master Plan 3 says we need 240 TWh of total energy storage for the world to move to become 100% renewable energy.
• Vanadium company news - Neometals to increase holding in vanadium recovery project to 72.5%. Australian Vanadium reports high grade results from infill drilling at the Australian Vanadium Project.
• Technology Metals Australia signs MOU to supply vanadium to Indian battery manufacturers. Vanadiumcorp Resources secures a Québec electrolyte manufacturing site.
• I do much more than just articles at Trend Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

HT Ganzo/iStock via Getty Images

Welcome to the Vanadium miners news.
April saw a slower month for vanadium news, but we did get Tesla Master Plan 3. It gives the world a blueprint on how to move to a 100% renewable energy future. A key part of that is stationary energy storage.
Vanadium uses

Vanadium is traditionally used to harden steel. Chinese rebar standards are requiring more vanadium. Also Vanadium Flow Batteries [VRFBs] are becoming increasingly popular especially for commercial energy storage, most notably in China. Vanadium Pentoxide [V2O5] is used in VRFBs and Ferrovanadium [FeV] is used in the steel industry.
Vanadium spot price history

Europe Vanadium Pentoxide [V2O5] Flake 98% 1 year chart - Price = USD 8.50/lb (China price not given)


Vanadiumprice.com

China and Europe Ferrovanadium [FeV] 80% prices - China = USD 35.50/kg, Europe = USD 33.75/kg


Vanadiumprice.com

Vanadium demand versus supply

In 2017 Robert Friedland stated: "We think there's a revolution coming in vanadium redox flow batteries...."
An April 2021 Wood Mackenzie report stated:
Global energy storage deployment surged a remarkable 62% in 2020, with 5 GW/9 GWh of new capacity added. This brought the total energy storage market to more than 27 GWh. Furthermore, we expect the global (energy storage) market to grow 27-fold by 2030.