Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Unfinished Business: The budget cuts Musk couldn’t complete...
‘American hero’ or ‘failure’: Elon Musk’s DOGE departure...
Donald Trump fires National Portrait Gallery director for...
Biden says he could ‘beat the hell out...
Elon Musk sports black eye at farewell presser...
Musk confident DOGE will save $1 trillion as...
Who will be Elon’s successor? The top names...
Trump tariff plan faces uncertain future as court...
Hunter Biden seen driving Toyota rental in South...
Juggernaut Files for Final Approval of Oversubscribed Financing
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Top 4 Vanadium-producing Countries

by admin May 30, 2025
May 30, 2025
Top 4 Vanadium-producing Countries

In 2025, the vanadium market is navigating a complex landscape shaped by its traditional role in steelmaking and its emerging importance in energy storage technologies.

Approximately 90 percent of vanadium consumption continues to be driven by the steel industry, where it is used to strengthen alloys. However, the growing adoption of vanadium redox flow batteries (VRFBs) for grid-scale energy storage is creating new avenues for demand, particularly as countries pursue decarbonization goals and renewable energy integration.

On the supply side, vanadium sees relatively limited primary production from ore and instead relies on co-production from steel slag and uranium mining, with a portion also coming from recycling. Global production has remained relatively consistent in the 2020s at around 100,000 metric tons per year.

Four countries contribute to the vast majority of that output. Below is a brief overview of these top vanadium-producing countries based on data from the US Geological Survey’s 2025 Mineral Commodity Summary.

1. China

Mine production: 70,000 metric tons

China remains the world’s top vanadium-producing country by far, with output of 70,000 metric tons in 2024. Production has remained steady out of China in 2023 and 2024. The Asian nation far outpaces all other countries in terms of vanadium output, and leads the world in vanadium consumption as well due to its high steel production. The majority of its vanadium is produced from steel slag.

In terms of vanadium exports, China’s are ‘quite small,’ according to Fastmarkets, as producers can turn a bigger profit in the domestic market.

2. Russia

Vanadium production: 21,000 metric tons

Second on the list is Russia, whose vanadium output totaled 21,000 metric tons in 2024, essentially on par with production in the previous two years. Russia’s vanadium reserves are the second largest in the world at 5,000 MT.

EVRAZ KGOK, part of EVRAZ, is a major mining company in Russia that produces vanadium. Little other information is available about vanadium mining in Russia, and the majority of the country’s vanadium production is a co-product of steel slag.

3. South Africa

Vanadium production: 8,000 metric tons

South Africa’s vanadium output declined last year, slipping to 8,000 metric tons in 2024, The country’s vanadium output had previously held above the 8,500 MT per year a level since 2019.

South Africa’s contributions to the vanadium market consist of primary production from Bushveld Minerals (LSE:BMN) and Glencore (LSE:GLEN,OTC Pink:GLCNF). Bushveld Minerals’ vanadium division includes the Vametco mine and processing facility, the Vanchem processing facility, and the future Mokopane vanadium mine and the Belco production plant. Glencore’s Rhovan open-cast mine and smelter complex mainly produces ferrovanadium and vanadium pentoxide.

4. Brazil

Vanadium production: 5,000 metric tons

Brazil’s vanadium output has also contracted year-over-year, totaling 5,000 metric tons in 2024 compared to 5,420 MT in 2023.

Brazil’s vanadium production is largely thanks to Largo Resources (TSX:LGO,NASDAQ:LGO), which describes itself as the only pure-play vanadium producer. The company’s Maracás Menchen vanadium asset is one of the highest-grade vanadium mines in the world.

FAQs for vanadium

Who is the largest exporter of vanadium?

Brazil is the world’s largest exporter of vanadium, with Russia in second place and China and South Africa nearly tied. Brazil alone is responsible for over one-quarter of the metal’s global export market, and the four combined represented 84 percent of the market in 2023.

Which country has the most vanadium reserves?

Australia has the highest vanadium reserves in the world, coming in at 8.5 million MT as of 2024, although it should be noted that only 3 million MT are JORC compliant. Russia is in second place with 5 million MT of vanadium reserves, while China is next in line with vanadium reserves of 4.1 million.

What is vanadium used for?

Vanadium is essential in various alloys, with the most common being ferrovanadium, an alloy of iron and vanadium metal that is used in steel production. Beyond these traditional applications, the silvery-gray metal’s uses in the battery industry are growing — it’s increasingly being used in vanadium redox batteries for large-scale stationary energy storage.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
CDX May Investor Presentation
next post
Experts: Canada at Crypto Crossroads as Opportunity Meets Adoption Challenges

You may also like

Troy Minerals Completes LiDAR Survey at Table Mountain...

November 25, 2024

Keith Weiner: Key Gold Price Driver Has Changed...

October 25, 2024

Crypto Price Update: Q1 2025 in Review

April 7, 2025

Falco Announces Extension of Its Senior Debts

October 7, 2024

Blackstone Minerals – Investor Presentation – February 2025

February 6, 2025

Awalé Hits 1.4 g/t Gold Eq. over 60...

March 3, 2025

Sona Nanotech’s Targeted Hyperthermia Therapy To Be Presented...

February 12, 2025

Precious Metals & Critical Minerals Hybrid Investor Conference...

May 18, 2025

Sarama Resources Submits Request for Arbitration Against Burkina...

December 11, 2024

Tartana Proposes to Acquire Critical Minerals Project Portfolio

October 10, 2024

Recent Posts

  • Unfinished Business: The budget cuts Musk couldn’t complete and what’s next for DOGE
  • ‘American hero’ or ‘failure’: Elon Musk’s DOGE departure divides Capitol Hill
  • Donald Trump fires National Portrait Gallery director for being ‘strong supporter’ of DEI
  • Biden says he could ‘beat the hell out of’ authors of new book arguing his cognitive decline
  • Elon Musk sports black eye at farewell presser in Oval Office: ‘Horsing around with little X’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (752)
    • Investing (2,218)
    • Politics (2,738)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.