Largo Inc T.LGO

MB: China V prices retreat

[kha341]

https://www.metalbulletin.com/Article/3950196/Vanadium/China-vanadium-prices-retreat-on-abundant-supplies-aggressive-bids.html

China vanadium prices retreat on abundant supplies, aggressive bids

 Vanadium product prices in China fell in the week to Friday September 4, after local suppliers reduced their offers in an attempt to secure deals amid abundant supplies and aggressive bids, sources told Fastmarkets.

Alloy prices slide on aggressive bids from mills

After postponing procurement activities in the week to August 28, many Chinese mills returned to the market last week to purchase vanadium alloy products with aggressive bids after realizing there were abundant supplies. Alloy producers eventually slashed their offer prices to secure business.

Transaction prices for vanadium nitrogen from domestic mills stood at around 160,000 yuan ($23,414) per tonne on Friday September 4, compared with 164,000 yuan per tonne at the start of the week. Prices are paid on acceptance and include value added tax (VAT).

“Mills came out for stockpiling [last week], but purchasing prices moved down [reflecting] the adequate supply of alloy products and a lack of confidence in the market,” a Chinese source said.

In addition to the material from domestic producers, imports increased the availability of alloy...

[Clipper2]

Hi kha. Thanks for the V update. Titanium Plant. I am beginning to lose my enthusiasm for Largo's future. The final straw came with the announcement to build a $100m Titanium Plant, and once again it is a waiting game. Titanium is more abundant than Vanadium and is being mined throughout the world (China, Russia, Japan, Australia etc.). Titanium is the 9th most abundant element on earth

[SKiamforsure]

Thanks Clipper I also think Largo needs to better explain why this route is the way to go to reward the SHAREOWNERS of Largo ? Sk

[kha341]

Why don't they start selling their big pile of iron ore now that the prices are quite high? A no brainer.

[Clipper2]

This post has been removed in accordance with Community Policy

[jcw604]

I wonder if they are serious about Titanium.

[jcw604]

imports increased the availability of alloy... Are they importing from Brazil and from Largo? What kind of price are they getting? Import duties and VAT removing their profits?

[jcw604]

In Asia Metal, there are CIF rows for both Europe and Brazil. This means that they are importing from both Europe and Brazil. I don't see any European producers for Vanadium. Is the economy of Europe so bad that they are selling their inventory to other countries, or the price differential that China offers is too good for resistance or a bit of both?

[jcw604]

https://www.fastmarkets.com/article/3947045/focus-why-have-chinese-vanadium-prices-remained-rangebound-since-late-july China was importing from Europe, and for the seller over there, they will not be selling any less than the MB spot price + shipping and insurance. For Largo to sell to Europe, they can only get the MB price after paying for shipping and insurance, but for them to sell to China, to