- Vanadium price has increased by more than 1,000% since 2016 (from US$2.5/lb to US$33.9/lb) on the back of strong demand and restricted supply. China accounts for 50% of all vanadium production, followed by Brazil, Russia, and South Africa.
- Vanadium demand is increasing globally: steel rebar, the aerospace industry, and large-scale vanadium batteries in the alternative energy space.
- In the USA, there are no active primary vanadium producing mines with most primary vanadium deposits concentrated in the northern Nevada mining belt.
- Vanadium mining and exploration companies while getting noticed by investors, have yet not reached valuation reflecting current vanadium price.
- Amongst all US vanadium mining companies, Prophecy Development Corp. (TSX: PCY, OTC: PRPCF) has the largest measured and indicated vanadium resource with a preliminarily scheduled path to production, making it the most advanced vanadium project of such standing in North America.
Full article is accessed at
https://seekingalpha.com/article/4217800-nevada-mining-rush-back-gold
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