Best-Performing Battery Metal of the Past Year Isn’t #Cobalt – #Vanadium

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#Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like #Cobalt, #Lithium and #Nickel.

In the future, analysts are expecting a shift in uses of vanadium. The metal can also be used in industrial-scale batteries, which help to even out daily peaks and troughs from renewables like wind energy. The move to green energy could create a new market and start a scramble for supply, according to #BMO Capital Markets.

Read more at: https://www.bloomberg.com/news/articles/2018-01-26/best-performing-battery-metal-of-the-past-year-isn-t-cobalt

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