Vanadium
Companies
Key Companies in the Vanadium Value Chain
The Vanadium industry encompasses at least 6 major companies from junior explorers and mine developers to integrated producers and downstream processors. With annual production of 110,000 tonnes V and prices around 5-10 $/lb V2O5, the Vanadium market supports a diverse corporate ecosystem.
Annual Production
110,000
tonnes V
Market Price
5-10
$/lb V2O5
Top Producer
China
55% share
Companies Tracked
6
Major Producers and Processors
The following companies are key participants in the Vanadium supply chain:
Panzhihua Iron and Steel (Pangang Group)
Worlds largest vanadium producer; extracts vanadium from vanadiferous titanomagnetite iron ore in Sichuan province
Largo Inc
One of the worlds largest primary vanadium mines (Maracas Menchen in Bahia, Brazil); also developing VRFB technology through Largo Clean Energy
Bushveld Minerals
Integrated vanadium producer from Bushveld Complex magnetite deposits; also developing VRFB energy storage business (VEPT)
EVRAZ (now separated)
Major vanadium producer from Kachkanar titanium-magnetite deposits in the Urals; historically one of the largest non-Chinese producers
Invinity Energy Systems
Leading vanadium redox flow battery manufacturer for grid-scale energy storage
Rongke Power
Chinese VRFB manufacturer that built the worlds largest flow battery installation (800 MWh) in Dalian, China
Active Operations and Development Projects
These are the key Vanadium operations and development-stage projects associated with the companies above:
Maracas Menchen Mine
Largo Inc
One of the worlds highest-grade primary vanadium mines; important non-Chinese supply source
Vametco and Vanchem
Bushveld Minerals
South African vanadium operations processing Bushveld Complex magnetite; integrated with VRFB electrolyte production
Dalian Flow Battery (800 MWh)
Dalian Rongke Power/CAS
Worlds largest vanadium redox flow battery installation for grid energy storage; landmark project for VRFB technology
Corporate Strategy Trends
Major consumers of Vanadium across the high-strength steel alloys and vanadium redox flow batteries sectors are increasingly focused on securing long-term supply agreements, investing in supply chain traceability, and supporting new production sources to reduce exposure to the 55% concentration in China.
More on Vanadium
Explore other aspects of the Vanadium value chain.
Uses & Applications
Explore uses & applications for Vanadium.
Supply Chain
Explore supply chain for Vanadium.
Mining & Processing
Explore mining & processing for Vanadium.
Refining & Grade Specs
Explore refining & grade specs for Vanadium.
Recycling
Explore recycling for Vanadium.
Substitutes
Explore substitutes for Vanadium.
Return to the Vanadium hub page or browse the full Mineral Library.