Vanadium, the lightest refractory metal, could improve strength and hardness when added to steel, and is one of the raw materials of superalloys, tool steels as well as structural steels. The chemical com-pounds of vanadium are widely applied to catalysts, pigments and H_2S adsorbent. However, owing to rareness of vanadium ore deposits in nature, the source of vanadium is largely obtained from by-products of other metal ores (U, Fe) or by recovering from wastes. In Taiwan, the awareness of scarcity of vanadium resources has become our crucial aim as how to recover vanadium from wastes. In this regard, this paper begins with the principle of vanadium recovery and then illustrates the occurrence, treatment, and recovery process of vanadium-bearing wastes such as fuel oil ashes, waste hydrodesulfurization catalysts, and waste high-speed steels.