Vanadium Miners Looking to Capitalize on New Markets
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The prices for vanadium have been rising since the bottom fell out of the world markets in 2008. The outlook for vanadium is healthy on the back of increasing steel demand and also because the use of vanadium in battery technology. The use of vanadium in batteries geared towards hybrid vehicles has tremendous growth potential, as well as its use in vanadium redox flow batteries. These batteries were highlighted in an article onVanadium Investing News last week. Many mining juniors are actively pursuing new resources to capitalize on these new developments, in a market that has the potential to expand dramatically. Vanadium mining is a tricky business. The metal is never found in its metallic form, instead it occurs in tandem with over 150 various minerals,crude oil deposits, coal, tar sands, and also as a byproduct of uranium mining.
Good hunting next week,
Inca.
