Vanadium exploration booms in North Queensland with rise of battery storage of renewable energy

Technological advances in battery storage of renewable energy are prompting a boom in vanadium exploration in mineral-rich North Queensland.

Australia has traditionally not mined vanadium, which is used to reinforce steel, due to limited market opportunities to sell the mineral but demand for battery technology could fuel a new demand.

Geology and geophysics expert Rick Valenta from the University of Queensland said technological advances…