The Global Vanadium Market Was Valued At USD 2.7 Billion In 2017

Posted by praneeth on August 29th, 2018

The vanadium industry comprises organizations engaged in developing the mine site, mining, and/or beneficiating vanadium ores.

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The global vanadium market was valued at USD 2.7 billion in 2017, and is expected to be driven because of the use of robotic technology. Robotics is significantly increasing the mining capabilities as robots are extensively used in critical mining activities. Asia Pacific was the largest geographic region in the market, accounting for nearly 80% of the global market share. 

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China was the largest country in the market, accounting for almost half of the global vanadium market.

The top five competitors in the market are Atlantic Ltd, Vanadium Corp, EVRAZ, Panzhihua Iron and Steel Group, and Bushveld Minerals. Atlantic Ltd was the largest player in the market. It is the owner of the world-scale Windimurra vanadium and iron ore project in the Mid-West region of Western Australia.

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