A 400% rise in vanadium pentoxide (V2O5) prices over the last 24 months has prompted US-based uranium producer Energy Fuels to resume vanadium recovery operations at its flagship White Mesa mill, in Utah, this year. The lithium-ion battery-making ingredient has reached new ten-year highs of more than $15/lb, making the “significant” identified concentrations of dissolved vanadium in pond solutions at the mill profitable, the company advised.
