A metal that’s in demand for batteries is surging, and it’s not the one everyone’s talking about.

Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like cobalt, lithium and nickel. It’s an obscure metal, silvery-blue in color and named for Vanadis, the Nordic goddess of beauty.

What’s driving prices is tightening supply and strong orders from the steel industry, which accounts for 90 percent of demand today . . .

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