Heading into 2022, experts were expecting vanadium demand to increase on battery segment attention.
While most vanadium is used in China for steel applications, particularly the high-strength, low-alloy steel used to make construction rebar, the metal has a growing role in batteries that is attracting interest.
As the year comes to an end, what can investors expect for vanadium in 2023?
As mentioned, at the end of 2021, analysts were expecting vanadium demand to grow in 2022. But the first few months of the new year were shocking for metals markets as Russia’s invasion of Ukraine brought volatility to the commodities sector.
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.
