Vanadium demand15 Dec 2020 21:11
SP Angel forecasts that VRFB demand in Southern Africa alone could consume over 5 percent of global vanadium production over the next few years, creating significant new demand in a market where supply is relatively consistent.
“If this trend is repeated in the US, China and Europe, then we can see new demand for vanadium easily outstripping supply in future years, with grid developers queuing to secure available vanadium electrolyte supply,” Meyer added.That's a hell of a lot of vanadium demand just for Africa alone!!