VANADIUM OPPORTUNITY
 

•Vanadium prices have immersed 4x over the past year

•Steel industry historically accounts for 90% of vanadium consumption

•Strong growth in vanadium demand from fast growing stationary energy storage market

•95% of current vanadium production from China, South Africa, Russia - security of supply concerns

•Stationary energy storage is essential to having large scale green energy (e.g., wind, solar)

•Increasing deployment of Vanadium Redox Flow batteries worldwide for energy storage market – now over 60 major installations worldwide

•Global market for energy storage to increase from US $20 billion in 2020 to US $250 billion in 2040

 

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