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Vanadium Batteries Need Elon Musk Moment to Kick-Start Market

April 9, 2018, 9:10 PM

Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share center stage with other energy-storage components such as lithium and cobalt.

“When we get that moment, we’re off to the races,” Vincent Algar, managing director of Australian Vanadium Ltd., said in an interview at a mining conference in Hong Kong. The industry needs a Tesla Inc. or Panasonic Corp. to say “we like vanadium-flow batteries and we want to make them in addition to lithium-ion batteries,” he said.

The world’s biggest lithium-ion battery was installed ...