30 Aug '17, 3pm

minor metals #energystorage

minor metals #energystorage

It’s turning out to be a great year for minor metals. Rechargeable-battery ingredient cobalt has gained 83 percent, while ruthenium, used in the chemical industry and electronics, is up 63 percent. The latest star is vanadium, an obscure silvery-grey metal thought to have been used to harden steel as far back as the Crusades. The metal, which is also used in energy-storage batteries , has surged 67 percent since mid-July, according to Metal Bulletin data. Much of vanadium’s rise has been driven by policy changes in Beijing. The China Iron & Steel Research Institute has proposed increasing the amount of vanadium required in construction steel, which would boost consumption, according to VTB Capital and SP Angel research. The new standard is expected to be announced in September. “There are fundamental supply and demand issues that have driven the re-rating,” said Julian Tre...

Full article: http://www.renewableenergyworld.com/articles/2017/08/the-...

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