Matt chats with The Korelin Economics Report about the Vanadium market and the potential of Vanadium redox flow batteries driving a bull market. We discuss the transformative potential of Vanadium redox flow batteries to be used for grid-scale energy storage. These batteries, compared to lithium-ion batteries, have longer lifespans and are considered safer.
China’s significant demand for vanadium flow batteries and their projected annual growth rate of 56.7% through 2030 are examined. Despite the current low demand from steel,we address investment opportunities and potential market shifts, with Canadian company Largo Resources highlighted as a key player. Matt also touches upon the future exploration and production possibilities in regions like Eastern Ontario and Quebec.
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