Vanadium:
- Vanadium is a rare, strategic metal
- World production totals only 150,000 tons a year
- Commercial use stems from the fact that the addition of a small amount of vanadium to steel alloy can double its strength and make it more corrosion and abrasion resistant
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Tungsten:
- Strategic metal: highest melting point & tensile strength of all metals
- Used in automobiles, lighting and electronics, avionics, pipelines, mining & construction materials
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Molybdenum:
- Used as an alloy to strengthen steel, making it less susceptible to rust/corrosion
- Prices have doubled from US $16/lb (2004) to US $32/lb (2006)
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