A little-known metal used in steelmaking could emerge as a game-changer for battery technology, raising the prospect of an investment boom like the one that lifted rare earths out of obscurity last year.
Here are some facts about vanadium, a metal that has been used in steelmaking for decades and is now gaining traction in green technology applications.
WHAT IS VANADIUM
Vanadium is a strong, but ductile silver-gray metal that is commonly used to make steel stronger and lighter. The metal has been used for decades in construction and automaking.
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.