Summary
The decarbonization of heavy industry and the emergence of renewable energy technologies are inextricably linked to access to mineral resources. As such, there is an urgent need to develop benchmarked assessments of the role of critical elements in reducing greenhouse gas emissions. Here, we explore the role of vanadium in decarbonizing construction by serving as a microalloying element and enabling the energy transition as the primary component of flow batteries used for grid-level storage. We estimate that vanadium has enabled an avoided environmental burden totaling 185 million metric tons of CO2 on an annual basis. A granular analysis estimates savings for China and the European Union at 1.15% and 0.18% of their respective emissions, respectively. Our results highlight the role of critical metals in developing low-carbon infrastructure while underscoring the need for holistic assessments to inform policy interventions that mitigate supply chain risks.
Some greenfield and vanadium recovery projects and capacity expansions with a high probability of realization include those from The Ferro-Alloy Resources Group (Kazakhstan).
Ferro-Alloy Resources Limited (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.
