An aspirant who banks on the future of Vanadium https://www.miningweekly.com/article/vanadium-junior-has-expansive-plans-for-long-life-operation-mulling-jse-listing-2024-01-24
Excerpt:
Vanadium Resources (VR8):
Its operations are expected to be in production by the end of 2026 and early 2027, with a beneficiation plant next to the mine producing a vanadium-rich concentrate. The intention is for that concentrate to enable the proposed downstream Tweefontein processing facility to produce a vanadium pentoxide flake for the steelmaking market and for vanadium redox flow battery (VRFB) manufacture, with demand for vanadium expected to grow significantly in the next five to ten years off the back of VRFBs.
Mining Weekly: What is the present state of the vanadium supply and demand?
Ciganek: The demand in terms of vanadium pentoxide equivalent is at about 200 000 t/y at the moment from a mix of primary and secondary sources of vanadium. We'll be in the primary category and analysts are forecasting that demand will grow to about 300 000 t a year of vanadium pentoxide equivalent by about 2033. Our operations are planning to be in production by the end of 2026 and early 2027, so we'll be well placed to meet that growth in vanadium demand from VRFBs in the future.