Salient Vanadium Statistics

This table presents key data on vanadium production, consumption, imports, exports, and stocks in the United States from 2019 through 2023, along with global production figures. The information is detailed by product type, including primary ores, residues, alloys, and various chemical forms of vanadium. This data is crucial for understanding the supply chain dynamics of vanadium, a metal widely used in steel alloys, aerospace components, and emerging energy storage technologies. Tracking these statistics helps assess the health of domestic production capabilities, trade dependencies, and market trends that influence industrial applications and economic planning.

Analysis of the data reveals a sharp decline in U.S. primary ore production, dropping from 460 metric tons in 2019 to zero by 2022 and 2023, indicating a cessation of domestic mining activity. However, production from ash, residues, and spent catalysts has steadily increased, reaching 6,500 metric tons in 2023, highlighting the growing importance of secondary sources. Reported consumption fluctuated, with a low of 7,510 metric tons in 2022 and an estimated rebound to 8,000 metric tons in 2023. Imports have generally trended upward since 2020, totaling 9,590 metric tons in 2023, with ferrovanadium and vanadium pentoxide being significant import categories. Exports peaked at 1,950 metric tons in 2022 but declined to 1,350 metric tons in 2023. Globally, vanadium production from ore and concentrates remained relatively stable around 104,000 metric tons in 2023. These trends underscore the U.S. reliance on imports and secondary recovery for vanadium supply amid declining domestic ore production.