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Vanadium is a non-ferrous metal that is primarily used in steel alloys to increase strength and corrosion resistance. It is also used in the production of titanium alloys, and in the production of specialty chemicals and catalysts. Vanadium is mined from a variety of sources, including iron ore, bauxite, and uranium ore. It is also produced as a by-product of steel production.
Vanadium is a relatively rare metal, and its supply is largely dependent on the production of steel. As such, the price of vanadium is highly sensitive to changes in the steel market. Demand for vanadium has been increasing in recent years, driven by the growth of the steel industry and the increasing use of vanadium in specialty applications.
Vanadium is traded on the London Metal Exchange, and is also available in the form of futures contracts. The market for vanadium is relatively small, and is dominated by a few large producers.
Some of the major companies in the vanadium market include Anglo American, Glencore, China Molybdenum, and Largo Resources. These companies are involved in the production, trading, and processing of vanadium. Show Less Read more
