Largo Resources targets 3% energy storage market by 2025

United States-based vanadium producer Largo Resources is aiming to capture 3% of the long-duration energy storage battery market by 2025, which equates to 1,400MWh, the company said on Wednesday June 9.

The company is undergoing a "transformational shift" towards vanadium redox flow batteries (VRFB), a type of rechargeable flow battery that employs a vanadium electrolyte liquid solution to store and release energy.
"The energy storage model is more lucrative than the mining business and it presents a potentially higher value opportunity over time for Largo's vanadium," Ernest Cleave, Largo's chief financial officer, said during the company's battery day online event.

Vanadium is mostly used in high-strength steel, which accounts for around...

Big Gold has another strong quarter, but some signs growth cooling

Gold stocks nearly regain highs on rising metal price

Gold stocks down as risk on move continues

Mixed outlook for resources on new Canadian government

Gold's Bull Market Pullbacks