Vanadium Miners News For The Month Of January 2019

Date: Jan 29, 2019

Summary

Vanadium spot prices fell heavily in January.

Vanadium market news – Roskill estimates that vanadium demand for VRFB markets could rise to 31,000 tons by 2025, amounting to a rise of 3,100{3a701354f219a57e7e7d46a505b70225e975b940de2dd07556e20488ab77339d} in a decade.

Vanadium company news – Largo Resources agrees to repurchase additional US$47.8 million of debt, followed a week later with an additional US$8.1m.

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Welcome to Vanadium miners news. January saw vanadium China spot prices continue to fall and appear to stabilize above US$ 15/lb V2O5. News flow was slow for the month.

For some background you can read my earlier articles:

Vanadium uses

Vanadium is traditionally used to harden steel. However Vanadium Flow Batteries (VRFBs) are becoming increasingly popular especially for commercial energy storage, most notably in China.

Vanadium oxide spot price history

China Vanadium Pentoxide [V2O5] Flake 98{3a701354f219a57e7e7d46a505b70225e975b940de2dd07556e20488ab77339d} Price – USD 16.60/lb

SourceVanadiumprice.com

Vanadium demand versus supply

The charts below show energy storage to be a new source of vanadium demand, and overall demand looks likely to grow very strongly to 2025.

Roskill estimates that vanadium demand for VRFB markets could rise to 31,000 tons by 2025, amounting to a rise of 3,100{3a701354f219a57e7e7d46a505b70225e975b940de2dd07556e20488ab77339d} in a decade.

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