Australian Vanadium Industry
Vanadium is considered a critical mineral—vital for the economic well-being of the world’s major industrial economies and new technologies—yet with supply risk due to issues including geological scarcity, geopolitical issues, and trade policy.
Heightened attention to economic security and supply chain reliability, awareness for responsible sourcing of minerals, and the transition to low carbon targets requiring new technologies including battery storage and EV’s, is leading the Australian minerals industry to leverage its history of effective minerals development. Australia has 18% of the worlds vanadium reserves1, with initial production under development. Although the vanadium market is dominated by use in hardened steel (90%), the consumption for batteries (Vanadium Redox Flow - VRFB) is forecast to grow 20.7% between 2020 and 20292.
BOYD’s Queensland Vanadium Projects Map shows:
- Australia geological regions and select projects.
- Queensland projects located in the sedimentary Toolebuc Formation and details to include:
- Owner.
- Tenement.
- Development status.
- Reported resources.
- Regional infrastructure.
- Historical pricing.
- World supply producers and sources (2021).
- Forecasted usage.
BOYD’s geological and mining professionals are currently active in the development of vanadium projects.
1. US Geological Survey, Mineral Commodities Survey 2022.
2. Department of Industry, Science, Energy and Resources, Commonwealth of Australia, Outlook for Selected Critical Minerals in Australia 2022.
Please complete the form below to request a copy of the Australia Vanadium Map prepared by the John T. Boyd Company. We will review your request and respond accordingly.