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Vanadium was a hot commodity a couple of years ago as prices rose and the energy storage narrative took off, but since then sentiment surrounding the metal has largely cooled.
For Andrew O’Donnell, that doesn’t mean investors should let vanadium fall by the wayside.
Speaking to the Investing News Network, O’Donnell, who is founder and managing director of Super Charged Stocks, said the metal remains compelling despite being out of the spotlight.
He’s excited by recent news from Vanadium Corp Resource (TSXV:VRB,OTC Pink:APAFF), which released an updated resource estimate for its Lac Doré project in Quebec last week.
“(The resource is) comparable to the size and grade of a Bushveld in South Africa, so this is enormous,” he said. Bushveld Minerals’ (LSE:BMN) South African vanadium operation is made up of three mineral assets and is also home to two processing facilities.
Vanadium Corp’s news was released the same day that the Quebec government announced a plan geared at making the province a leader in the production, transformation, reclamation and recycling of critical and strategic metals. Vanadium is listed in the document as a strategic mineral, meaning the province considers it necessary for the implementation of key government policies.
While vanadium is currently used mainly as a component in stainless steel, O’Donnell emphasized that the mining industry is headed toward a major green shift that the metal will be involved in.
“It doesn’t mean that there’s not other types of energy. It just means there’s going to be such a focus on bringing this new energy through a very difficult time and transitioning to it,” he said.
Source: INN vanadium investing news
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