In order to solve the problems of environmental pollution and resource waste caused by vanadium extraction tailings accumulation, and realize solid waste resource utilization, in this paper, two vanadium extraction tailings are mixed proportionally, and peanut shells are added as reducing agents to reduce at high temperature. The reduction products are analyzed by X-ray diffraction, scanning electron microscope and chemical quantitative analysis, and then melted and separated, and the phase composition and chemical composition of the melted products are determined. The results show that under the optimum technological parameters of reducing vanadium extraction tailings with peanut shells, the oxygen absorption ratio is 4, the reduction temperature is 1 550 ℃, and the reduction time is 3 h; The phase composition of the reduction product is mainly metallic iron, metallic chromium, Cr₂O₃, chromium carbide, ferrochrome, NaCrS₂, SiO₂ and calcium silicate phase. The mass fraction of chromium and iron in the melted ferrochrome is 61.51% and 31.05% respectively, and the element content meets the requirements of the national standard of FeCr65C4.0 alloy.