Vanadium is an important alloying element mainly used in the steel industry. Vanadium containing steel has excellent characteristics such as high strength, toughness, and good wear resistance, and is widely used in industries such as machinery, automobiles, shipbuilding, railways, aviation, bridges, electronic technology, and national defense industry. Its usage accounts for about 85% of vanadium consumption, and the steel industry accounts for a large proportion of vanadium usage. The demand of the steel industry directly affects the vanadium market situation. Approximately 10% of vanadium is used to produce titanium alloys required for the aerospace industry. Vanadium can serve as a stabilizer and strengthening agent in titanium alloys, giving them excellent ductility and plasticity. In addition, vanadium is mainly used as a catalyst and coloring agent in the chemical industry. Vanadium is also used in the production of rechargeable hydrogen batteries or vanadium redox batteries.

Steel industry

About 85% of vanadium metal is added to steel production in the form of vanadium iron and vanadium nitrogen alloys to improve the strength, toughness, ductility, and heat resistance of steel. Vanadium containing high-strength alloy steel is widely used in the production and construction of oil/gas pipelines, buildings, bridges, steel rails, and other industries. Vanadium containing high-strength alloy steel mainly includes: high-strength low alloy (HSLA) steel (comprehensive); HSLA steel plate; HSLA steel; HSLA strip steel; Advanced high-strength strip steel; Deformed steel bars for construction purposes; High carbon steel wire; Steel rails; Tools and mold steel, etc.

Aerospace industry

8-10% of vanadium metal is used in the form of titanium aluminum vanadium alloy in aircraft engines, spacecraft cabin skeletons, missiles, steam turbine blades, rocket engine casings, and other aspects. In addition, vanadium alloys are also used in fields such as magnetic materials, hard alloys, superconducting materials, and nuclear reactor materials.

Chemical industry

In the chemical industry, vanadium is mainly used as a catalyst for manufacturing sulfuric acid and vulcanized rubber, as well as to suppress the production of nitrous oxide in power plants. Other chemical vanadium products are mainly used as catalysts, ceramic colorants, developers, desiccants, etc.