Largo expects vanadium price rise on supply issues
Published: Tuesday, 18 October 2016
As production hits nameplate capacity at its Brazilian vanadium mine, Largo Resources is aiming to further expand output as it pursues high-value applications in the battery, chemicals and aerospace industries, while it expects prices to pick up following two years of weak markets.
Production of vanadium pentoxide
(V2O5) at Largo Resources
Ltd’s Maracás Menchen mine in Brazil
hit 806 tonnes in September, marking an over 130% increase
since January this year.
Following a gradual ramp-up of production since Q2 this
year, monthly volumes are now expected to remain around 800