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Live · Updated just now·USD/lb V2O5

Vanadium price today: live

Snapshot · Coming soon

Vanadium is priced as V2O5 (vanadium pentoxide, 98% purity) via Fastmarkets and Vanitec. Steel alloying accounts for ~92% of demand, but vanadium redox flow batteries (VRFB) for long-duration grid energy storage are the structural growth story. China (~55%), Russia (~20%), and South Africa (~8%) dominate supply.

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Chart proxy: Largo (LGO) is the world's largest primary vanadium producer. Listed on NASDAQ (not NYSE). No public vanadium futures with liquid trading.

Price history

Vanadium price chart

Largo Inc. (LGO)USD
Full chart on TradingView →
Note: Largo (LGO) is the world's largest primary vanadium producer. Listed on NASDAQ (not NYSE). No public vanadium futures with liquid trading.
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Vanadium mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →
#CompanyCommodity revenuePrice24h %YTD1YGeography
01
LGO
Largo Inc. (NYSE:LGO)
Maracas Menchen (Bahia, Brazil) -- world's largest primary vanadium mine. ~10,000-11,000 t/yr V2O5. Largo Physical Vanadium Corp subsidiary for VRFB electrolyte storage business. Dividend-paying historically.
~85%
————Brazil (Bahia)
02
BSHVF
Bushveld Minerals (BMN.L)
Vametco and Mokopane (South Africa). Primary vanadium mine and processing. Affected by Eskom power load-shedding 2024-2025; restructuring ongoing. Only vertically integrated vanadium company in Africa.
~85%
————South Africa
03
LGO
Australian Vanadium (AVL.AX)
Australian Vanadium Project (WA) -- DFS-stage primary mine + processing. Backed by Australian government Critical Minerals grants. Targeting battery-grade V2O5 electrolyte.
~0%
————Australia (WA, pre-revenue)
04
AMVMF
EVE Investments (EVE.AX)
Australian vanadium project portfolio. Early-stage developer.
~0%
————Australia
05
NB
Texas Mineral Resources (TMRC)
Round Top (West Texas) -- large multi-element project: heavy REE, vanadium, uranium, lithium, beryllium. DoD + DOE interest. Pre-revenue; pilot plant underway.
~0%
————USA (Texas, pre-revenue)
Reddit sentiment

Producer stock buzz

Powered by Adanos · Reddit
CriticalCurated top 5

Vanadium producer stocks

All commodity stocks
#CompanyTickerPrice24h %ExchangeNote
01
Largo Inc
NYSE: LGO / TSX: LGO
LGO----NYSEMaracás Menchen Brazil
02
Bushveld Minerals
OTC: BSHVF / AIM: BMN
BSHVF----OTCSA Vametco — OTC

Ranked by commodity exposure (30%+ rule). Source: CommoditiesTracker hub database, June 2026.

Vanadium ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll vanadium ETFs →
TickerFundStructureExpense ratioAUMYTD1Y
REMX
VanEck Rare Earth/Strategic Metals
VanEck
Miners0.53%———
XME
SPDR S&P Metals & Mining ETF
State Street
Miners0.35%———
BATT
Amplify Lithium & Battery Tech ETF
Amplify
Miners0.59%———

How vanadium prices move

What’s moving this market

Structural fundamentals · Reviewed annually
Supply

China, Russia, and South Africa control supply

China ~55% (primarily vanadium-titanium-magnetite iron ore processing, led by HBIS and Pangang), Russia ~20% (Evraz/NLMK by-product of steel production), South Africa ~8% (Bushveld Minerals, primary vanadium mine). Brazil ~6% (Largo, primary mine). Vanadium is often a by-product of steel production from V-Ti magnetite ores, meaning supply is linked to steel economics.

Vanitec · USGS
Demand

HSLA steel alloy is 92%; VRFB batteries are the growth story

High-strength low-alloy (HSLA) steel alloying consumes roughly 92% of vanadium. Adding 0.1% vanadium to steel increases strength 30%+, making it critical for rebar, pipelines, and automotive lightweighting. Vanadium redox flow batteries (VRFB) are the emerging demand growth segment: large-scale VRFB projects for 4-12 hour grid storage are being deployed in China and are beginning in North America and Europe.

Vanitec · BloombergNEF
Policy and macro

Chinese rebar standards and grid storage mandates drive medium-term demand

China's 2018 upgrade to GB 1499-2018 rebar standards (requiring higher-strength steel) was the last major policy catalyst for vanadium demand. Future catalysts: grid storage mandates requiring 4+ hour energy storage (VRFB is competitive at this duration), and potential EU HSLA steel standards upgrades. Vanadium prices are multi-year lows post-2022 as China steel demand moderated.

Vanitec · MIIT

Key market data

Vanadium fundamentals

Critical Mineral Status
US Listed

Vanadium is on the US USGS Critical Minerals List and EU CRMA list. Its importance spans defense (specialty armor alloys), energy storage (VRFB), and high-strength infrastructure steel.

USGS Critical Minerals List
Largest Western Producer
Largo (LGO)

Largo's Maracas Menchen mine (Brazil) is the world's largest primary vanadium mine -- one of the few primary producers globally (most vanadium is a by-product of steel production).

USGS · Largo IR
Steel Demand Share
~92%

HSLA (high-strength low-alloy) steel accounts for ~92% of vanadium demand. Rebar, structural steel, and pipeline steel benefit most. The 2018 Chinese rebar standard upgrade was the last major demand catalyst.

Roskill · USGS
VRFB Battery Share
~5-8%

Vanadium redox flow batteries (VRFB) are economically competitive for 4-12 hour grid storage. China is the largest VRFB market; projects in North America and Europe are beginning. VRFB demand is expected to grow significantly as grid storage regulations require 4+ hour duration.

Vanitec · BloombergNEF
Global Production
~100kt V2O5/yr

China ~55%, Russia ~20%, South Africa ~8%, Brazil ~6%, other ~11%. Most production is a by-product of steel mills processing V-Ti magnetite ore.

USGS
Price Volatility (90-day)
~30%

Moderate-high volatility driven by Chinese steel demand swings and periodic policy announcements. V2O5 prices are at multi-year lows (~$6.85/kg) as of mid-2026 after the 2018-2019 peak of $28/kg.

Calculated from Fastmarkets assessments
2026 price forecasts

Vanadium price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range
View forecasts
See all forecasts

How to invest in vanadium

Ways to gain vanadium exposure

Full investing guide
ETFs

Vanadium ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

Equities

Vanadium stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

Futures

Vanadium futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

Frequently asked questions

Common questions, answered

The vanadium price shown is the Fastmarkets V2O5 98% flake assessment, quoted in USD/kg or USD/lb. Prices are at multi-year lows (~$6.85/kg V2O5) as of mid-2026 after the 2018-2019 spike to $28/kg driven by Chinese rebar standard changes.