Largo Declares That Vanadium for Energy Storage Pays Better Than for Steel Production

July 16, 2021 16:00:57

Largo Resources, a major producer of vanadium, recently stated that the use of vanadium for battery electrolytes was two times as profitable as supplying the metal to be used in the production of steel. The company notes that the market for vanadium, which is suitable for long-duration energy storage, will be a good opportunity.

Toward the end of 2020, the company launched Largo Clean Energy, its subsidiary, whose purpose will be to obtain vanadium from Largo Resources’ mining operations in Brazil and utilize it in its vanadium redox flow battery (VRFB) product…

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