Vanadium contributes to the strength and economic efficiency demanded in materials for automobiles and trucks. Materials used in vehicles must be strong, reliable, easy to manufacture and give the highest strength-to-weight ratio to minimise fuel consumption and be available at minimum cost.
Engine components such as crankshafts and connecting rods are highly stressed and must withstand many cycles. Vanadium microalloyed forging steels are widely used for these parts, as well as other applications in the chassis and drivetrain.
Bushveld Minerals Limited (LON:BMN), together with its subsidiaries, engages in the exploration and development of mineral projects in South Africa. It operates through three segments: Vanadium and Iron Ore, Coal Exploration, and Vanadium Mining and Production.