Aussie explorer stumbles upon rare metal in Ngamiland

Friday, July 13, 2018

A rare metal, with immense applications particularly for gigawatt-scale electricity storage, has been uncovered in western Ngamiland, with an Australian company leading efforts to assess the scale of the find and its accessibility. Vanadium, whose prices range between $38 and $76 per kilogramme, has been called “the metal the world needs, but does not produce”.

At present, 85% of the world’s vanadium is produced by South Africa, Russia and China, with the Oriental giant also the biggest consumer.

Batteries based on vanadium are capable of far greater storage than the lithium variety and are increasingly viewed as supporting for solar, other renewable energy sources, electric vehicles, off-grid farms and mines amongst others.

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Aussie explorer stumbles upon rare metal in Ngamiland

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