From “Vanadium Investing News”
https://vanadiuminvestingnews.com/2661/flow-batteries-seen-increasing-vanadium-demand-10-15-percent-redox-flow-battery/?utm_source=Resource+Investing+News&utm_campaign=a20ecaa579-RSS_EMAIL_CAMPAIGN&utm_medium=email
excerpt...
“Vanadium flow batteries, which use vanadium ions in different oxidation states to store potential energy, could have a significant impact on future vanadium demand, said Tim Hennessy, president of Prudent Energy, which makes the Vanadium Redox Battery (VRB)”..... “In a recent interview, Hennessy said [t]he potential demand that we see could be at least 10-15% of the current world demand for vanadium.”
If a 10% increase materialized, the annaul shortage would amount to 60,000 x 0.10 x 2,204.6 x 1.783, or 23.6 million pounds annually of Battery Grade Vanadium Pentoxide., at 15% it would be 35.4 million pounds of Battery Grade Vanadium Pentoxide. Energizer's Green Giant Mine producing at 2,500 TPD could provide 11.4 million pounds of the estimated shortages.
Further excepts....
“Hallgarten & Co. metals analyst Christopher Ecclestone said recently that new uses of vanadium, especially in batteries, are what could lead to a surge in demand. “While aerospace has been growing organically and increasing its share of the usage of the metal, the area with the best potential for a quantum leap is in battery applications,” Ecclestone commented. “
“Without factoring in new applications, demand for vanadium is expected to more than double by 2025 to 123,000 tons. Chris Berry, founder of House Mountain Partners, said, “[a]s another avenue of demand, renewable energy will continue to be a minority of the energy produced globally, but, again, even if a fraction of the vanadium produced had to be diverted to energy storage, you are looking at a potentially significant supply-demand imbalance.”
The above link doesn't factor in the Vanadium, Lithium Prosphate EV Battery.