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Bushveld Minerals

Vanadium Production in the United States Key to Future Energy Technologies

Vanadium is essential to steel and emerging energy storage markets and is now deemed a critical mineral by the Trump administration. The US produces very little of its own domestic supply of mined vanadium, and this could pose a security problem for not only industry but national security as well.

Though recent softness in the global economy is starting to increase the risk of a global downturn, long-term prospects for vanadium demand in the coming decades are quite positive. Currently, about 90 percent of vanadium is used in the manufacturing of steel products like axles, tools and rebar. It is used to harden steel products and has significant potential as a component of energy storage solutions.

 

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. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.