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 $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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