Currently viewing Global edition

Overcapacity hits price for six

At US$3.90/lb for vanadium pentoxide (V205) as of March 17, the price has fallen by 40% since it traded at US$6.75/lb at the same time in 2013. Back in June 2008, V205 was worth US$17/lb.

All the excitement about the potential for energy-efficient, rechargeable vanadium redox batteries can’t hide the fact these make up a tiny part of the market.