Independent board with range of expertise.
Building the sustainable energy storage supply chain.
Partners, consultants memberships
Proven record of operational experience.
Vanadium mining & energy expertise.
Principles of honesty, integrity and ethics.
Disruptive Technology for Energy Storage to Steel Production
Progress of global deployment targeting cashflow and commercialization (Optioning, Licensing, Royalties and more)
Vanadium, Iron and Titanium recovered from Multiple Sources Efficiently and Sustainably
Development VTM Resource with 22.5km Geophysical Footprint
Former Crown Asset With Over 60yrs of Development next to Blackrock Metals Proposed VTM Mine and Concentrator
Copper Gold Exploration Projects and Royalties Available For Option or Sale
The Future of Sustainable Energy
Reusable and Lowest Cost Battery Electrolyte without Carbon
Current Demand and Price for Vanadium
Our latest press releases
Latest Vanadium Industry Developments
Sustainable Energy, Development, and Innovation
Conventional & Emerging Applications
VRB Stock Fundamentals
General Investment Information
Frequently asked Questions and Terminology
Extensive Compendium of most Relevant Research
Corporate Presentations & Global Directory
Lower prices of vanadium, a metal mainly known for strengthening steel, are key in the drive to increase its use in the booming battery sector, according to the developer of an Australian mine.
The metal’s retreat from a price spike in 2018 is being welcomed — rather than lamented — by producers as they seek to extend vanadium’s use in large-scale energy storage batteries, according to Vincent Algar, managing director of Australian Vanadium Ltd., which plans to bring its project into production by about 2021.
Vanadium can be used in redox-flow batteries that advocates argue are better suited than existing lithium-ion technology to store large amounts of energy to back up power grids, or to integrate more renewable energy assets. There’s potential for the battery sector to account for at least 20% of demand for the metal, up from about 2% now, Algar said.
Prices of vanadium pentoxide in China have declined about three-quarters from an October 2018 high to $8.50 a pound, according to Asian Metal Inc. data. A price between $8 and $12 should allow producers to prosper and also spur greater adoption in the battery segment, according to Algar.
“There’s a happy balance to be had,” Algar said Wednesday in an interview in Melbourne. “We want both the vanadium industry and battery industry to be robust, but also for the battery sector to be able to afford to enter into long-term agreements with us.”
Lithium-ion technology, though, continues to be preferred for utility-scale applications and accounted for about 60% of commissioned projects in the first half of 2019, BloombergNEF said in a Sept. 9 report.
Canada’s CellCube Energy Storage Systems Inc. expects vanadium redox-flow batteries to compete more with lithium-ion alternatives as costs fall, and as customers seek storage assets with longer duration, the company said in December.
The steel industry, which accounts for about 90% of vanadium demand, is also lifting use of the metal as prices fall, Evraz Plc, a key producer, said last month. Prices jumped in 2018 as larger amounts of vanadium were added to some steel products to comply with new rules in China to raise the quality of products used in the construction sector. Steelmakers have since partially substituted the metal with alternatives including niobium and titanium.
Continue reading the full story here >>
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.