Date: Nov 27, 2018

China’s vanadium metal consumption is expected to increase by 30% over the next two years, according to the China Iron and Steel Research Institute.

Maxtech Ventures Inc (CNSX:MVT) said Monday the company is sharpening its focus on vanadium acquisitions in North and South America to build on assets in Quebec and Brazil as well as agreements in Utah.

Vanadium redox batteries are expected to be well-suited for grid storage applications and to complement the growth in grid-scale wind and solar generation capacity, the Vancouver-based company said in a press release.

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