While not as exciting as the transformation in the auto market with the shift to electric vehicles, demand growth from batteries used for renewable energy storage has the potential to have a bigger impact on mining.
One of the prime technologies that could grab market share from lithium ion for a large scale storage systems is so-called vanadium redox flow cells.
Bushveld Minerals (LON:BMN) is a low cost, integrated, primary vanadium producer, with ownership of high grade vanadium assets.
The Company’s flagship vanadium platform includes a 75 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; the Mokopane Vanadium Project and the Brits Vanadium Project.