Australian Vanadium hopes to produce about 5% of global supply of vanadium pentoxide
2021-08-17 13:04:17 [Print]
Australian Vanadium Ltd. (AVL) has its sights set on becoming a major global producer of vanadium, a critical metal used mainly in steel that could also be the next key ingredient in battery storage.
AVL plans to produce about 11,000 tonnes of vanadium pentoxide (V2O5) per year from its flagship Australian Vanadium Project, which managing director Vincent Algar says could account for about 5% of the world's supply. That's a big number for one company.
China produces the vast majority of the world's supply at 60%, followed by Russia (17%) and South Africa (7%).
AVL plans to produce about 11,000 tonnes of vanadium pentoxide (V2O5) per year from its flagship Australian Vanadium Project, which managing director Vincent Algar says could account for about 5% of the world's supply. That's a big number for one company.
China produces the vast majority of the world's supply at 60%, followed by Russia (17%) and South Africa (7%).
Vanadium Pentoxide Flake 92%min In port China
Unit:RMB/mt
China vanadium pentoxide flake producers' operating rate statistics by province by month
Unit: %
