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Emerging use of vanadium in energy storage may exceed the existing market if more efficient and sustainable recovery technology such as VEPT can commercialize.

The current market is dominated by the steel and alloy market that relies on integration to mitigate high production costs.

The main source of global vanadium is vanadiferous titanomagnetite “VTM” and very few meet the metallurgical requirements of the high purity markets.

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