Vanadium – the key to renewable energy storage
According to AIM-listed Bushveld Minerals, a low-cost, vertically integrated primary vanadium producer with assets in South Africa, Vanadium currently benefits from having two strong uses driving its demand.
One, the traditional steel sector, where vanadium is used as a strengthening alloy, which boasts a steady growth trajectory according to most general forecasts due to an increase in intensity in use of vanadium.
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.