Vanadium is a vital element driving sustainable advancements in various industries. Its role in steel production, renewable energy storage using VRFBs, and emerging technologies is paramount in our vision for a greener and more sustainable future.
With increasing demand and ongoing research and development, vanadium’s potential continues to grow, offering us a brighter, more environmentally friendly tomorrow. As we strive for a world that is both economically and ecologically sustainable, the importance of vanadium cannot be overstated.
Did you know that over 90% of current vanadium demand stems from its ability to strengthen steel and alloys?
This versatile element is at the heart of our mission, driving sustainability across various industries.
Vanadium's performance benefits in strengthening steel have not only met industry standards but have exceeded them. This quality has led to a surge in demand, and it's not stopping there.
In China, imminent construction regulation changes are on the horizon, mandating higher quality rebar, and vanadium is expected to play a pivotal role in this transformation.
Vanadium isn't just about making steel robust; it's also about making it lighter. The development of strong, lightweight alloys has introduced vanadium into a wide array of products, including jet engines, 3D printing materials, and tools. This element has the power to reduce weight without compromising strength, opening up endless possibilities for sustainability.
At VR8, we believe that vanadium is the key to unlocking a brighter, more sustainable future. Our commitment to harnessing the potential of this critical mineral extends beyond the present. We are driven by the vision of contributing to advancements in industries such as steel production, renewable energy storage with VRFBs, and emerging technologies.
Annual demand for VRFBs is expected to equate to between 50kt and 100kt of V2O5 by 2033. Demand for VRFB’s in 2022 was ~9kt of V2O5, largely for new installations in China.
Source: Project Blue 2023
Vanadium demand for Steel will grow strongly and may double by 2050. 2This will be driven by China and India, and an increased production of micro-alloyed steel.
Source: Vanitec & TTP Squared Inc