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