LONDON (Reuters) – Last year it was cobalt. The year before that it was lithium. This year it is vanadium, another esoteric element of the periodic table that is on a wild bull rampage.
Vanadium prices in China have more than tripled over the course of 2018, albeit with some recent softening from their early-November peaks. The share price of South Africa’s Bushveld Minerals, one of only a handful of primary producers, has soared from less than 10 pence per share at the start of the year to 42 pence currently.
Vanadium is the latest exotic metal to feel the new energy heat. The vanadium redox flow battery (VRFB) is a breakthrough technology in energy storage, a fast-growing component of the infrastructure needed to accommodate the global shift to renewable energy. Continue Reading →