Energy Fuels selling vanadium inventory, eyes uranium contracts

US-based Energy Fuels believes the next upward cycle for vanadium may have begun and has started selling some of its 1.65-million-pound inventory, while it is also actively pursuing uranium sales contracts.

The company, which also produces rare earth elements (REE), explains that in 2019 it built a significant inventory of vanadium to sell into the abrupt upside price volatility that vanadium markets experience, most recently in late 2018.