Ferrovanadium Industry Trends and Market Opportunities, 2025-2030: Growth in Demand for Vanadium Redox Batteries for Large-Scale Energy Storage [Yahoo! Finance]
Energy Fuels Inc Ordinary Shares (Canada) (UUUU)
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Source: Yahoo! Finance
Process, Form, Purity, Function - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering. The Ferrovanadium Market grew from USD 4.12 billion in 2023 to USD 4.29 billion in 2024. It is expected to continue growing at a CAGR of 4.96%, reaching USD 5.78 billion by 2030. Ferrovanadium's application spans across sectors, including aerospace, due to its ability to withstand extreme conditions, making it essential for aircraft manufacturing. The end-use scope increasingly includes the energy sector, especially with the growth in demand for vanadium redox batteries used for large-scale energy storage. Key growth factors in the ferrovanadium market include rising urbanization and industrialization, particularly in emerging economies which drive infrastructural development and consequently, demand for sturdy steel. Technological advancements in mining and alloy production also contribute to market expansion by reducing costs and enhancing product quality. H
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UUUU
Earnings
- 10/31/24 - Miss
UUUU
Sec Filings
- 11/21/24 - Form 4
- 11/8/24 - Form SC
- 10/31/24 - Form 10-Q
- UUUU's page on the SEC website