Largo Resources targets 3% energy storage market by 2025

United States-based vanadium producer Largo Resources is aiming to capture 3% of the long-duration energy storage battery market by 2025, which equates to 1,400MWh, the company said on Wednesday June 9.

The company is undergoing a "transformational shift" towards vanadium redox flow batteries (VRFB), a type of rechargeable flow battery that employs a vanadium electrolyte liquid solution to store and release energy.
"The energy storage model is more lucrative than the mining business and it presents a potentially higher value opportunity over time for Largo's vanadium," Ernest Cleave, Largo's chief financial officer, said during the company's battery day online event.

Vanadium is mostly used in high-strength steel, which accounts for around...

Upgrades continue for 2024 gold price target...

Gold stocks edge up as weak equities offset metal rise

Major investment banks make major gold price upgrades

Gold stocks near flat as equities dip

Revenue estimates for gold stocks have remained relatively flat