5 Vanadium Projects to Watch in South Africa https://energycapitalpower.com/vanadium-projects-south-africa/
5 Vanadium Projects to Watch in South Africa
Excerpt
Vanadium, a metal widely utilized as an alloying element in steel, serving as a vital component in the construction, transportation, and manufacturing sectors, is experiencing a notable upswing in investment. Currently, China holds a dominant position in the market, accounting for 73% of co-production, where vanadium is extracted from iron-ore processed for steel manufacturing. However, it is worth noting that South Africa, along with Brazil, stands as a significant producer of primary vanadium production, comprising approximately 17% of the market share.
As the demand for batteries and alternative energy sources rises, South African vanadium production is expected to increase further as new mines are commissioned.