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Advancements in automotive steels driving vanadium demand

Vanadium-alloyed steels are stronger, so vehicles made from them can be made safer and lighter. This will continue to be the case as electric vehicles (EVs) become more mainstream.

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.

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