Currently working on a sequel to my initial early April Twitter post about vanadium. Since then, everything I have read causes me to be increasingly bullish on the metal. May have to change my name from 'Lithium Cassandra' to 'Vanadium Cassandra'...not there yet, but getting closer.
'We believe that in the next 10 years, vanadium will be the 'new lithium'. We see a lot of parallels on where the vanadium industry is now versus where the lithium industry was 10 years ago.'
'The global market for Vanadium Redox Battery estimated at US$237.5 Million in the year 2022, is projected to reach a revised size of US$592.4 Million by 2026, growing at a CAGR of 20.9% over the analysis period.'
'Investors should expect rising profitability as we enter what we believe to be a bull market for vanadium. Vanadium-based energy storage systems...remarkable growth projection for long-duration storage needs over the next five years'
'It is vanadium mining that has got industry experts excited. We are in a global race for new-economy minerals. The Queensland government projected demand for vanadium redox flow batteries would grow "exponentially over the next decade.'
'Twenty years ago no vanadium went into cars, versus 45 percent today. By 2025, it’s estimated that 85 percent will incorporate vanadium alloy to reduce their weight, increasing their fuel efficiency to conform to stringent EPA fuel economy standards.'