Will reflow batteries push vanadium prices higher?
The recent construction of the 100MW battery in South Australia has shown that the era of mass energy storage has arrived.
Whilst the Tesla battery in Australia has been built using lithium-ion technology, a different type of battery – the Vanadium Redox Flow battery – potentially offers superior performance at scale.
The emergence of vanadium batteries could drive an increase in vanadium prices, pushing up costs for consumers such as the specialty steel sector.
source: CRU
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