There are tremendous opportunities for manganese and vanadium in the global trend of electrifications, and the battery sector will outpace the steel industry in terms of boosting demand growth for those materials, delegates heard at Fastmarkets’ International Ferro-alloys virtual conference on Tuesday November 10.
Competitive cost and comparatively diverse supply are likely to dictate the shift in the adoption of different chemistries in batteries, panelists told delegates.
“At the end of the day, everything will come down to the cost and price,” Ken Hoffman, leader of McKinsey EV Battery Materials Research Group said.
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.
