When one thinks of battery metals, the mind naturally drifts to lithium, cobalt, copper and nickel, but attention is slowly moving to vanadium because prices have skyrocketed 300 percent, and it helps that vanadium redox batteries are just … well … sexy.
For now, vanadium is predominately used to strengthen steel, but it’s on its way to becoming a critical element of clean-energy batteries. And its strength is the 11key.
Bushveld Minerals (LON:BMN) is an integrated vanadium producer supplying more than 3% of the global vanadium with plans to grow this to >5% in the short term. The Company’s flagship vanadium platform includes a 59.1% controlling interest in Bushveld Vametco Alloys (Pty) Ltd a primary vanadium mining and processing company which has one of the world’s largest high grade primary vanadium resources. In addition, Bushveld Minerals is focused on developing and promoting the role of vanadium in the growing global energy storage market through application in vanadium redox flow batteries.