Vanadium Demand Sparks Wave of Australian Activity, an Industrial Info Market Brief

Australia is seeing a wave of early-stage vanadium projects. Prices for the metal, which is used to strengthen steel, soared during the global mining industry's recent downturn. With demand growing for vanadium redox batteries (also called vanadium flow batteries) for applications in industrial-scale energy storage, the metal is shaping up to be a critical component in the energy-storage market.