What is vanadium, how is it currently being used and why is there increasing excitement around its role in the future?
To reduce our dependency on fossil fuels and benefit from renewable sources like the sun and wind, we need substantial amounts of finite sources, such as vanadium.
Though there is growing interest around this versatile metal and the key role it promises to play in the green energy storage revolution, it is a relatively obscure substance which many are not familiar with. Here we break down what it is, how it’s being used and why there is increasing excitement around its role in the future.
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.