As the world grapples with the challenges of climate change, one metal stands out as a crucial component in the quest for sustainable development. Vanadium is poised to play a leading role in reducing greenhouse gas emissions and transforming industries.
In steel production, vanadium reduces CO2 emissions by up to 80%, making it an attractive addition to low-carbon technologies. In the construction sector, high-strength alloy steel containing vanadium enables the efficient use of materials, resulting in significant reductions in steel waste and energy consumption.
China’s new rebar standard requires the replacement of carbon steel with high-strength alloy steel, which leads to a reduction in greenhouse gas emissions. The use of vanadium in steel production also reduces energy requirements, resulting in lower iron and coal consumption.
Fast-growing countries like India and Brazil are adopting increasing amounts of vanadium-bearing steel as their architects and builders learn about this effective construction material. The benefits extend beyond sustainability to improved infrastructure and economic development.
Researchers at Vanitec, a global association, have identified a broader trend in using vanadium to increase sustainability across various industries. This includes the production of rail steels, power stations, and even aircraft components.
Vanadium-based batteries signify that it is a key element in unlocking the full potential of renewable energy integration. Its exceptional ability to strengthen other materials makes it an essential component in long-duration energy storage solutions.
About 70% of vanadium units are produced from steel slag, with 20% coming from mining operations and 10% recycled catalysts. Vanitec’s members are exploring opportunities to increase production from secondary sources, driven by new regulations on bunker fuel.
The benefits of vanadium are not limited to its environmental impact. Its use in greener sources of energy at steel plants has led to reduced carbon emissions and lower iron and coal consumption.
Ferro-Alloy Resources Ltd (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.
