Vanadium is primarily used in the production of high−strength steel alloys

Vanadium is primarily used in the production of high−strength steel alloys, but it is gaining increasing attention for its role in energy storage solutions. Vanadium redox flow batteries (VRFBs) are seen as a promising solution for large−scale energy storage, which is critical for supporting renewable energy sources like wind and solar power. Approximately 90% of vanadium demand comes from the steel industry, where it is used to produce high− strength, low−weight alloys that are essential in construction, automotive, and aerospace industries. The use of vanadium improves the durability and strength of steel, which is key to building infrastructure with lower environ- mental impact. Ferro−Alloy Resources is focused on sustainability, both in terms of environmental stewardship and cost efficiency. The company’s innovative processing techniques result in lower emissions and reduced energy consumption compared to traditional vanadium extraction methods. Additionally, the Balasausqandiq project’s by products, such as uranium, molybdenum, and carbon, provide further revenue streams, enhancing the overall economics of the project.