Vanadium "Capital 10X highlights vanadium often, we think this a very undervalued commodity tying into the theme of the energy transition. In January, we’ve seen a continued increase in vanadium prices globally. Vanadium prices increased by approximately 6%, and 29% since September last year.
The rise in vanadium prices came on strong news from the vanadium energy storage industry, with a spotlight on China. Several battery and electrolyte projects greater than 100MWh were announced over the past few months; the commissioning of Dalian-based 100MW / 400MWh vanadium redox flow battery (VRFB) system was the major highlight. This is the largest project and the world, and reveals China’s keen interest in the roll out of VRFB technology.
VRFB-structural-demand Each 200MWh of battery capacity is approximately 2,000 mt of V2O5 equivalent or 1% of production. 2023 estimates are as high as 2 GWh of total new VRFB projects, representing approximately 10% of global vanadium production and more than double the total installed capacity since the 1980s. These projections have the potential to transform the vanadium industry.
https://capital10x.com/vanadium-market-update-vrfb-milestones-strengthening-assets/