Vanadium
Projects
Major Vanadium Projects Worldwide
The development pipeline for Vanadium projects spans exploration through production across multiple jurisdictions. We track 3 key projects that will shape the future supply landscape for this battery metal.
Current Production
110,000
tonnes V
Top Producer
China
55% share
Projects Tracked
3
Reserves
63 million tonnes
Vanadium Project Pipeline
The following projects represent the most significant Vanadium operations and development-stage assets worldwide:
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
Government Support and Strategic Initiatives
Recognizing the strategic importance of Vanadium, governments in major consuming nations have launched programs to support project development. These include direct financing, loan guarantees, streamlined permitting, and bilateral resource partnerships. As a USGS-listed critical mineral, Vanadium projects are eligible for various U.S. government support mechanisms including the Defense Production Act Title III program. EU Critical Raw Materials Act provisions enable fast-track permitting and financing support for Vanadium projects within the EU and partner nations.
Key Industry Developments
Recent developments affecting the Vanadium project landscape:
Vanadium prices spiked from $6/lb to $33/lb V2O5 after China implemented new rebar standards requiring higher vanadium content; the fastest commodity price increase that year
Prices crashed back to $7/lb as Chinese rebar mills found ways to comply with less vanadium and supply responded
Dalian 800 MWh VRFB commissioned in China, the worlds largest flow battery, validating grid-scale VRFB technology
Growing VRFB deployments globally; vanadium energy storage demand projected to reach 15-20% of total vanadium consumption by 2030
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.