BHP Biliton, the largest miner says the consumption of this alloy will continue into the next decade and this brings in an interesting segue: Vanadium. I am about to publish a new article on Vanadium and its application in green tech, battery and most prevalent use as an alloy in steel. Just a small percentage of Vanadium will make steel incredibly stronger lighter and resilient. What is interesting is that China produces the most of this and requires it for its massive Empire building.
China’s reforms to its steel industry are upgrading operations, according to BHP’s Balhuizen: "Meeting both emissions curbs and targets to lift longer-term utilization rates to 80 percent mean the sector will favor large, coastal mills using cleaner, premium steelmaking materials."