Vanadium is an abundant silvery-gray metal, cousin to niobium and tantalum, that is primarily mined in China, Russia, South Africa and Brazil. Part one of our vanadium coverage will focus on the invention, use and applications of vanadium batteries.
While there has been a lot of discussion around which metals will be used in electric vehicle batteries, predominantly in the nickel, cobalt and lithium space, the EV sector isn’t the only one that needs to secure a long term sustainable, green and efficient energy supply.
Vanadium is pegged as an up and coming energy storage metal especially in relation to large scale applications due to its ability to store extensive amounts of energy.
Bushveld Minerals (LON:BMN) is a low cost, integrated, primary vanadium producer, with ownership of high grade vanadium assets.
The Company’s flagship vanadium platform includes a 75 per cent controlling interest in Bushveld Vametco Alloys (Pty) Ltd, a primary vanadium mining and processing company; the Mokopane Vanadium Project and the Brits Vanadium Project.
Bushveld’s vision is to become a significant, low cost, integrated primary vanadium producer through owning high grade assets. This incorporates development and promotion of the role of vanadium in the growing global energy storage market through Bushveld Energy Ltd, the Company’s energy storage solutions provider. Whilst the demand for vanadium remains largely anchored in the steel industry, Bushveld believes there is strong potential for an imminent and significant global vanadium demand surge from the fast-growing energy storage market, particularly through the use and adoption of Vanadium Redox Flow Batteries.