China’s big battery sector and vanadium price https://stockhead.com.au/resources/chinas-big-battery-sector-lights-a-rocket-under-vanadium-prices/ ...........
How much vanadium could these batteries potentially soak up? A lot.
“Market participants estimate around 9.25t of vanadium pentoxide is used in each MWh of vanadium storage battery,” Argus says.
“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.”