Most vanadium is used as ferrovanadium as an additive to improve steels. Ferrovanadium is produced directly by reducing a mixture of vanadium oxide, iron oxides and iron in an electric furnace. Vanadium-bearing magnetite iron ore is the main source for the production of vanadium. The vanadium ends up in pig iron produced from vanadium bearing magnetite. During steel production, oxygen is blown into the pig iron, oxidizing the carbon and most of the other impurities, forming slag. Depending on the used ore, the slag contains up to 25% of vanadium.
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