The construction sector is the biggest consumer of steel products, and vanadium plays an essential role in providing high strength and cost effective solutions.
Vanadium is the most widely used alloying element for strengthening steels employed in buildings and bridges. It is the most effective alloy for increasing the strength of reinforcing bars used for buildings, tunnels and bridges; it is added to bars for prestressed concrete structures and suspension ropes and it is a commonly adopted alloying element for strengthening steel sections.
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.