The global vanadium market is about to explode and Australian Vanadium , through its flagship Gabanintha project , looks set to capitalise on the upward swing of the commodity cycle
like rebar and structural steel but also plays a vital role in battery technology and energy storage .
Through its flagship Gabanintha Project , AVL is poised to capitalise on a significant surge in the vanadium market , following years of stagnation and low-price points .
“ Vanadium has probably spent the best part of the last four or five years at an all-time low in terms of value ,” he says .
This low value has resulted in a significant lack of investment , which in turn has seen a long-term degradation of global vanadium supplies . This is only exacerbated by a number of large scale steel plant closures across South Africa and China , two of the largest consumers of vanadium .
But , as Algar points to , central government in China has been refocusing its operations and seeking ways to reduce its carbon footprint
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