The recent construction of the 100MW battery in South Australia has shown that the era of mass energy storage has arrived. Whilst the Tesla battery in Australia has been built using lithium-ion technology, a different type of battery – the Vanadium Redox Flow battery – potentially offers superior performance at scale.
The emergence of vanadium batteries could drive an increase in vanadium prices, pushing up costs for consumers such as the specialty steel sector.
This webinar discussed the possible implications of movements in the vanadium price and how this might impact demand for vanadium and substitutes such as niobium in the manufacture of specialty steel products.
Global concentrate inventories first reached critical levels in 2017 Q1, leading to Chinese smelter utilisation rates falling below 90% and remaining at depressed levels...