Abstract: Vanadium resources in domestic and international markets and their current utilization as well as major achievements in this field are analyzed in the present work.It is suggested that efforts should be made in China for a better and stronger vanadium industry based on rich vanadium resources,encouragement from Chinese government and relatively stable market demand for vanadium products.In the paper,it is pointed out that waste water and tailings from vanadium extraction can be recycled in the cleaner production process of vanadium oxide using vanadium-bearing titaniferous magnetite as raw material,which can solve the potential pollution problems caused by waste water with high ammonia nitrogen and sodium salt from the extraction.Cleaner and high efficient vanadium oxide production technology will be a prevailing technology in the future and the success of this project is a revolutionary technical innovation for the global vanadium industry.