Vanadium isn’t exactly what we think of when we speak of technology. But it’s one of the world’s most important metals, and is likely to become even more significant as renewable energies look to dominate the fossil fuel industry.
What it is Used for:
Vanadium’s primary use is as a steel alloy to help strengthen metals. It also makes them lighter, provides greater effieciency, and more power. By adding small amounts of it to steel and aluminum, it create ultra strength and resilient alloys. In fact, only two pounds of vanadium added to a tonne of steel is able to double its strength – 80 per cent of vanadium is used to make ferrovanadium, a steel additive.
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.
