This article has been around a while so there's probably nothing new here but it gives a little bit of insight into the history of Vanadium and it's uses today.
"Just two pounds of vanadium added to a tonne of steel doubles its strength, so it is unsurprising that 80% of vanadium is used to make ferrovanadium – a steel additive.
Henry Ford was the first to use vanadium on an industrial scale, in the 1908 Model T car chassis. But it is only recently that auto makers have discovered that adding vanadium to car bodies makes them lighter and stronger.
Twenty years ago no vanadium went into cars, versus around 45 percent today. By 2025, it’s estimated that 85 percent of all automobiles will incorporate vanadium alloy to reduce their weight, thereby increasing their fuel efficiency to conform to stringent fuel economy standards set by the US EPA. Who would have thought any material could make steel ‘greener’?"
http://www.mining.com/web/vanadium-metal-cant-without-dont-produce/
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