Largo Resources released its production guidance and outlook for 2015. The company has been producing at its Maracas Menchen mine in Brazil since August, and is aiming to ramp up to nameplate production by the third quarter of this year.
Vanadium-redox batteries could be the energy storage form of the future as companies look towards automated production.
A Chinese construction industry could help boost vanadium and its price.
Largo announced today that it has achieved first production at its Maracas project, marking what President and CEO Mark Brennan is calling the “most significant milestone in the Largo’s history.”
By Vivien Diniz
Get ready, North America, because it looks like you will soon be home to a large-scale, economic source of primary vanadium.
Researchers at the University of California have created an artificial muscle using vanadium dioxide, that is reportedly a thousand times stronger than a human muscle.
The head of American Vanadium discusses his company’s goal of becoming a leading provider of energy storage and micro grid solutions in North America.
There is good news and bad news on the research front for vanadium. A new device that absorbs infrared light utilizes vanadium dioxide, but a new kind of flow battery would cut out vanadium pentoxide as an input material.
American Vanadium will target the premium chemical and titanium alloying sectors and not the steel sector for the vanadium it produces. Applications in these sectors require a higher grade of the mineral and will fetch a higher price
Advances in vanadium redox battery technology are improving the performance and stability of these energy storage devices. But an engineer at the US Department of Energy’s Pacific Northwest National Laboratory says costs need to drop before the battery is commercially viable.
With BRIC countries set to drive steel demand in the coming years, vanadium should also reap the benefits.
Production started in January at Atlantic’s Windimurra mine in Western Australia. Ferrovanadium supply from the mine is expected to account for more than a tenth of world supply, helping turn the corner in a sector dominated by China, South Africa and Russia.
Evraz has ramped up its vanadium operations in recent years with acquisitions and is an important player in the world vanadium market, producing various products.
If vanadium redox batteries for energy storage become the norm, demand for vanadium will surge and current supply is in no shape to meet that demand.