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Vanadium price on runway to historical highs

Divergent vanadium supply and demand dynamics have set up the market for an estimated 23,000-tonne deficit by 2025, providing a platform for prices to spike to historical highs in the coming months, Pittsburgh-based industry analyst TTP Squared president Terry Perles says.

Vanadium price on runway to historical highs Vanadium price on runway to historical highs Vanadium price on runway to historical highs Vanadium price on runway to historical highs Vanadium price on runway to historical highs

Largo Resources is positioned to benefit from rising vanadium prices after a precarious start in Brazil. Image: Henry Lazenby

His research has shown vanadium consumption is conservatively forecast to grow at a compound annual growth rate of 5.