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This table presents the global production of vanadium, measured in metric tons of vanadium content, broken down by country or locality from 2019 through 2023. This data is crucial for understanding the supply dynamics of vanadium, a metal widely used in steel alloys, aerospace components, and emerging battery technologies. Tracking production by country helps identify key suppliers and potential shifts in the market that can influence prices, trade policies, and industrial planning worldwide.
Analysis of the data reveals that China remains the dominant producer, consistently contributing around 70,000 metric tons annually, with a slight dip to 66,900 tons in 2022 before rebounding in 2023. Russia and South Africa follow as significant producers, each maintaining relatively stable output near 20,000 and 8,600 metric tons respectively in recent years. Brazil’s production has shown some volatility, peaking at 6,622 tons in 2020 but declining to 5,421 tons in 2023. Notably, the United States’ vanadium production has effectively ceased since 2020, dropping from 460 tons in 2019 to zero in subsequent years. Overall, global vanadium production has remained fairly steady around 104,000 metric tons in 2023, indicating a stable supply despite some regional fluctuations.
| TABLE 7 | ||||||||||||
| VANADIUM: WORLD PRODUCTION, BY COUNTRY OR LOCALITY1, 2 | ||||||||||||
| (Metric tons, vanadium content) | ||||||||||||
| Country or locality | 2019 | 2020 | 2021 | 2022 | 2023 | |||||||
| Brazil | 5923 | 6622 | 5779 | 5844 | 5421 | |||||||
| China | 60000 | 70200 | 70300 | 66900 | 70000 | e | ||||||
| Russia3 | 18380 | 19533 | 20058 | 20000 | e | 20000 | e | |||||
| South Africa | 8030 | 8584 | 8799 | 8871 | 8667 | |||||||
| United States | 460 | 17 | -- | -- | -- | |||||||
| Total | 92800 | 105000 | 105000 | 102000 | 104000 | |||||||
eEstimated. -- Zero.
1Table includes data available through June 3, 2024. All data are reported unless otherwise noted; totals may include estimated data. Totals, U.S. data, and estimated data are rounded to no more than three significant digits; may not add to totals shown.
2Production from coproduct steel slag and primary ores only. Does not include secondary vanadium production.
3Includes metric tons of vanadium in vanadium slag produced in Russia but processed at varying recovery rates in Austria and Russia.
Source: United States Geological Survey Mineral Resources Program
See also: Vanadium statistics | Mineral commodity prices