Great addition!
I recommend everyone take a look at this article too:
https://unauthorised investment advice/resources/chinas-big-battery-sector-lights-a-rocket-under-vanadium-prices/
Right now, 90% of vanadium goes into steel alloys, 9% goes into aerospace alloys and chemical catalysts, and 1% currently goes into VRFBs.
"Market participants estimate around 9.25t of vanadium pentoxide is used in each MWh of vanadium storage battery. China is expected to install around 30-60GWh of new energy storage capacity by 2030, corresponding to 28,000-56,000 t/yr of extra demand for vanadium pentoxide during 2021-2030."
Great addition!I recommend everyone take a look at this article...
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