Vanadium Industry Overview

GTI has acquired a number of highly prospective uranium and vanadium properties located in the Henry Mountains, Utah, USA.

Market Dynamics

  • Currently, ~90% of Vanadium is used in steel making
  • Significant supply reduction from China, Russia, and South Africa
  • China implemented new rebar standard (effective November 2018)
  • China switch from exporter to importer created global supply deficit
  • During YTD 2018, vanadium rallied from ~$10 to ~$33 per pound

 Market Growth

  • Steel production growth forecasted from global infrastructure plans
  • Vanadium Redox Flow Battery (VRFB) Farm growth in China, Japan, Australia; Dalian China farm developed by battery manufacturer
  • VRFB growth to support non-baseload energy sources (renewables)

Cumulative Market Projection of Vanadium Consumption for Energy Storage (source: Azure International)

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GTI Resources Ltd

Level 1
89 St Georges Terrace,
Perth, WA 6000

PO Box Z5187
Perth WA 6831

+61 (0) 8 9226 2011

info@gtiresources.com.au

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