www.ferroalloynet.com: The keynote speech of 2024 FerroAlloyNet 17th International Vanadium Products Forum officially started at 9:00 on March 26.
Mr. Chen Xiaofeng, general manager of FerroAlloyNet, first took the stage to deliver a speech. On behalf of the conference affairs team and all employees of FerroAlloyNet, Mr. Chen expressed his heartfelt welcome to industry colleagues attending the event. At the same time, special thanks to Yunnan Desheng Iron & Steel Co. LTD., the special co-organizer of this conference, and sponsors such as Yunnan Yuxi Yukun Iron and Steel Group Co., Ltd., Yunnan Qujing Steel Group Shuangyou Iron and Steel Co., Ltd., Shanghai Gangyuan Technology Development Co., Ltd., Hunan Zhongxin New Material Technology Co., Ltd., Henan Yuqianxin Metal Technology Co., Ltd., Chongyang Xinrui Vanadium Industry Co., Ltd., Changge Fuxin Alloy Co., Ltd. and Richmond Vanadium Technology. We also would like to thank the Supporting units: Vanadium Branch of China Iron and Steel Industry Association, National Vanadium and Titanium Industry Alliance, Sichuan Vanadium Titanium Iron and Steel Industry Association, CENTRAL IRON & STEEL RESEARCH INSTITUTE(CISRI) and VANITEC.
Mr. Tang Tian, Vice Chairman of Yunnan Desheng Iron & Steel Co. LTD., took the stage and delivered a speech. Yunnan Desheng Iron & Steel Co. LTD. is the core industry of Desheng Group in Yunnan, established in 2000, it is a comprehensive private company established in response to the country's call for the development of the western region, actively participated in the reform of state-owned enterprises, and acquired and reorganized the original bankrupt enterprise (Lufeng Steel Plant) in accordance with the law. The company has been deeply involved in the development of Yunnan for 23 years and has built a comprehensive industrial chain integrating mining, logistics, energy and chemicals, steel, and trade.
The exchange of meeting topics officially began. In 2023, the global vanadium production capacity was approximately 369,000 tons, with an output of 243,000 tons, a capacity utilization rate of 65.8%, and vanadium consumption of approximately 203,000 tons, an increase of approximately 1% compared to that in 2022. What shape will the vanadium product market take in 2024? What challenges and opportunities will the vanadium product market face in 2024? Mr. Yang Xiongfei, Director of Chengdu Vanadium and Titanium Resources Development Co., Ltd. of Pangang Group, brought us "Analysis of Global Vanadium Industry Chain in 2024"
Mr. Yang reviewed the market in 2023 from the perspectives of vanadium market supply and demand and changes in vanadium demand in major fields, and analyzed the global vanadium market from multiple perspectives such as the demand for vanadium from the development of steel structures and industry prospects. The demand for vanadium in vanadium batteries is changing the vanadium industry ecology. Vanadium batteries are also currently an important path that can be seen to trigger the large-scale and high-end utilization of vanadium resources and move towards the vanadium economy. It is of great significance to the future of vanadium. Regarding vanadium batteries, stories happen every day. In this regard, Mr. Ji Guanglin, executive deputy secretary-general of the National Vanadium and Titanium Industry Alliance and deputy secretary-general of the Sichuan Vanadium and Titanium Industry Association, brought "Demand for vanadium and operational suggestions for large-scale vanadium batteries".
Secretary-General Ji mentioned that the growth of the vanadium battery industry in 2024 will be better than predicted, and "oversaturation" of mainstream vanadium enterprise projects will become the norm; cutting-edge enterprises with strong corporate management and project management capabilities will be driven by the market to develop. Looking forward to the exciting development of the vanadium battery market!
Ms. Chen Xuehui, director of the Vanadium Application Technology Promotion Center Office of CENTRAL IRON & STEEL RESEARCH INSTITUTE(CISRI), was unable to attend the meeting in person due to temporary reasons. However, she also carefully prepared a sharing video on new developments in vanadium application technology for this meeting.
Affected by the current general environment, vanadium industry seems to be in a cold winter. However, the flowers have bloomed in spring. How far is it before vanadium can return to its prosperity? In this regard, in-depth exchanges were held in the roundtable forum of this conference. The main topics discussed involved the supply of vanadium raw materials, new vanadium battery projects, changes in demand from steel mills, other applications of vanadium, and vanadium trend prospects. Guests attending the forum: Wang Jianmin from the Procurement and Supply Department of Yunnan Desheng Iron and Steel Co., Ltd., Yang Xiongfei, Director of Chengdu Vanadium and Titanium Resources Development Co., Ltd. of Panzgang Group, Teacher Zhang Huamin from Dalian Institute of Chemical Physics, Chinese Academy of Sciences, Teacher Huang Mianyan from the Energy Storage Committee of China Energy Research Association, Wang Jianying, general manager of Shaanxi Fengyuan Vanadium Technology Development Co., Ltd.
Vanadium flow batteries have always been the focus of industry, and the first two topics in the afternoon are closely related to vanadium flow batteries. First of all, the first topic was shared by Mr. Zhang Huamin, chief researcher of Dalian Institute of Chemical Physics, Chinese Academy of Sciences - "Industrial Structure, Market Demand and Development Prospects of Vanadium Flow Batteries". The report covered 1. Types and characteristics of flow batteries, materials and systems; 2. The demand for energy storage technology in establishing a new power system of "new energy and energy storage"; 3. The demand for key materials for all-vanadium redox flow batteries and industrial development; 4. The development of all-vanadium redox flow batteries Price analysis and life cycle economics; 5. Development prospects and market prospects of all-vanadium redox flow battery energy storage equipment.
Mr. Huang Mianyan, expert commissioner of the Energy Storage Special Committee of the China Energy Research Association, came to the stage to bring us "The Development Prospects and Realistic Challenges of the Vanadium Flow Battery Energy Storage Industry". Mr. Huang made heartfelt suggestions for the industry. Current opportunities in the vanadium flow battery industry coexisting with challenges, we need to enhance our respect for technology, strengthen communication among peers, jointly solve common problems, increase development, testing and investment in low-cost incremental vanadium sources and electrolyte preparation processes, share the same fate, and support vanadium Industrial Development.
Alexander Stefanenin from Russia's Evraz Group brought us "Introduction to Evraz Group and Market Outlook for Vanadium Products" to introduce the development of Evraz Group and also analyze the supply and demand for vanadium.
In 2020, President Xi Jinping announced China's commitment to peak carbon emissions in 2030 and achieve carbon neutrality in 2060. China invests more in clean energy than any other country in the world. Lithium-ion battery energy storage systems currently dominate the market. But the use of vanadium flow batteries is increasing due to safety concerns, battery life, recyclability and other factors. So what is the current situation of Australia's emerging vanadium resources? Jon Price from Richmond Vanadium Technology brings us a topic sharing - "Introduction to Australia's Emerging Vanadium Resources".
Zhang Yimin, a professor at Wuhan University of Science and Technology (lectured by Xue Nannan) brought us "New Progress in Utilization Technology of the Whole Industrial Chain of Vanadium Shale"
Terry Perles of the US Vanadium LLC brings us Vanadium Market Analysis in 2024 via video. Terry reviewed the vanadium industry market trends in 2023, vanadium import and export analysis, and future vanadium industry supply and demand forecasts. Due to the reduction in demand from China's vanadium industry and the continued increase in production, vanadium prices in 2023 dropped from a high of 10.80 USD/Lb V2O5 in February to 6.40 USD/Lb V2O5 in mid-November. Terry predicts that by 2030, the global existing expanded vanadium supply will reach 54,000 tons of pure vanadium, and the output of new vanadium production capacity will reach 74,000 tons of pure vanadium. Demand for vanadium from reserve applications is expected to increase significantly over the next seven years.
