Global Market (GLOBAL) · USD
| Market | Price (USD/oz t) | Status |
|---|---|---|
|
Global Market
viewing
GLOBAL · XX
|
$0.315
per oz t
|
Open |
Vanadium is a transition metal used primarily to strengthen and harden steel and increasingly in vanadium redox flow batteries for large-scale energy storage. Its market importance reflects dual demand from steel and grid-storage applications, and prices are driven by supply concentration and production constraints (ore grades and by‑product recovery), inventory levels, shifts in steel demand and battery adoption, and geopolitical or regulatory developments.