Vanadium Pentoxide V2O5 manufacturers--Benren Alloy Co.Ltd

<<  Home <<  News

News

Upcoming Vanadium Pentoxide Projects

With talk of supply tightening, vanadium pentoxide suppliers are preparing to expand production. Continued strong demand for both ferrovanadium and vanadium pentoxide from emerging markets-used primarily as an alloying agent in steel and iron to increase durability, strength and weathering capability-combined with expanding opportunities from clean energy storage solutions have led to the development of some promising sites outside of the dominant vanadium producing countries,South Africa, Russia and China.
In 2010, there were only 57,000 tons of vanadium was produced globally, with an additional 13.7 MT of reserves globally. However, even small levels of growth in demand have the potential to quickly make an impact on vanadium penoxide 99.7% markets. As the mineral is typically recovered as a by-product or co-product, its development is more diverse and challenging to bring in to production despite demonstrated world resources not being fully indicative of supplies.
Vanadium growth has the potential to occur in a number of areas. One area is infrastructure. With the specter of faltering consumer demand in the US and Europe, compounded by softening economic growth in India and China, strong infrastructure investments could emerge from the US Congress that have the potential to boost vanadium pentoxide V2O5 demand. China too has also recently implemented a new regulation for their rebar grade that will result in an additional 27,000 MT of vanadium in China, a 40 percent increase in global vanadium consumption in the next few years.
The other area, while currently representing less than 10 percent of vanadium world demand, is in clean energy applications. Both lithium-vanadium and vanadium redox batteries are looking to make significant forays as energy storage solutions. Recently, Chris Berry of House Mountain Partners, LLC said that vanadium redox batteries are one of the best solutions energy storage solutions for the electricity grid, which has the potential to power the electrification of the US vehicle fleet.
With talk of supply tightening, vanadium suppliers are preparing to expand production. Continued strong demand for both ferrovanadium and vanadium pentoxide 99% powder from emerging markets-used primarily as an alloying agent in steel and iron to increase durability, strength and weathering capability-combined with expanding opportunities from clean energy storage solutions have led to the development of some promising sites outside of the dominant vanadium producing countries,South Africa, Russia and China
As a result, vanadium pentoxide 99.9% production growth is poised within the next few years at a number of emerging sites.