Vanadium has been overlooked in the current mineral commodities cycle, and stands to gain market share as lithium risks pricing itself out as a battery material for the energy grid storage market, the Mines and Money conference heard May 5.
“One (mineral) that’s been overlooked in this entire cycle is vanadium, which has huge market opportunities,” James Hayter, Investment Advisor at Baker Steel Capital Managers, a natural resources investment fund, said during a panel on the so-called commodities supercycle at the event.
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.