DENVER BUSINESS JOURNAL - A Colorado mining company said higher prices for vanadium, a mineral used in the production of steel as well as batteries, might see it restarting its vanadium production.
Vanadium is a byproduct of uranium mining, and Colorado is home to many uranium companies, including Western Uranium Corp.
Western Uranium officials said Tuesday that because of rising vanadium prices, as well as a projected worldwide shortage this year, it has "begun discussions on the economics of building a vanadium and ferro-vanadium processing plant."
Company officials said the shortage is because the world's steel makers are competing with vanadium redox battery makers for vanadium.
Read more at the Denver Business Journal: http://bit.ly/2wvEVGz
© 2017 KUSA-TV