Vanadium demand
1. Manufacturing of alloy stell : high-strength carbon steel, high-speed tool stell material
2. ESS : renewable energy storage system material
3. Non-ferrous alloy : titianium alloy, superconducting materials
4. Vanadium oxides : catalyst for manufacturing sulfuric acid, SCR catalyst raw material
Vanadium material supply market
1. China(58%), South Africa(25%), Russia(12%) account for 95% of total output
2. Recently, vanadium has seen demand and prices increase asd the ESS redox battery market grows
Vanadium material demand market
1. Stell, alloy industry : 90%
2. Vanadium redox flow battery : 5%(magnification trend)
3. Total market size : 80,000 tonnes/year (V content)
0 Comments