Vanadium Redox Flow Batteries, (VRFB) have definitely brought Vanadium to the centre stage. It is a classified critical raw material in several countries around the world. Back in 2017, the European Commission identified and formally registered vanadium on the 2017 list of Critical Raw Materials for the European Union. Further, the United States, Canada and Australia have also listed vanadium as critical to supporting their economies. So, the question is, why is Vanadium so important for the international community?
It is true that vanadium is largely used within the steel industry. But that is not the whole story of it being so important. Vanadium is increasingly being recognised for its use in vanadium redox flow batteries (VRFB).
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.
