RE:Largo Webinar Tomorrow Tuesday June 7th 11AMET
Why is Largo's avg. selling price for their high purity V2O5 product mix significantly below the avg. market price for standard V2O5?
The company's usual answer is: Sales prices lag market prices by a month. However, this does not explain the massive difference:
Jan - Mar V2O5 price was $10.72 (standard quality).
Dec - Feb price was $9.70.
Nov - Jan price was $8.90.
Largo*s Q1 selling price was $8.11 for a better than standard quality product mix!