Used principally to date by the steel industry – where there is already a structural supply deficit! – its use in vanadium redox flow batteries (VRB) is potentially the big kicker, with the scalable VRBs said to provide an efficient storage and re-supply solution for renewable energy in large scale applications.
Resource sector heavyweight Robert Friedland is a believer with a company he chairs, Pu Neng, winning a contract last October to build the largest VRB in China for a renewable energy demonstration project.
With the vanadium price on the rise, the ASX’s key vanadium play, Australian Vanadium, has also been on the rise.
Especially of late.
At an intra-day high of 5...