Vanadium looming supply deficits? https://www.paidpromotionalmessages.com.au/companies/news/1014221/battery-metals-stocks-set-to-wade-into-the-coming-supply-demand-crunch-1014221.html
Battery Metals stocks set to wade into the coming supply demand crunch
AS sales for electric vehicles grow, companies in the manganese, vanadium and graphite sectors are working hard to help bridge the looming supply deficits.
Excerpt
By 2031, North America is expected to require over 200Kt of high-purity manganese annually.
That’s a lot of manganese. Vanadium will be required as well.
According to Research and Markets, the global market for Vanadium Redox Battery estimated at US$237.5 million in the year 2022, is projected to reach a revised size of US$592.4 million by 2026, growing at a CAGR of 20.9% over the analysis period.
Redox flow batteries are used for all types of stationary energy storage tasks and due to higher lifetimes the result is the lowest levelised cost of energy storage.
They are widely used in the sensor components of some critical military equipment, including ammunitions and weapons.
Graphite, manganese and vanadium are keen to clean technology development and more supply will be required as the years progress.