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Largo Inc T.LGO

Alternate Symbol(s):  LGO

Largo Inc. is a Canada-based producer and supplier of vanadium products. The Company’s segments include sales & trading, mine properties, corporate, exploration and evaluation properties (E&E properties), Largo Clean Energy and Largo Physical Vanadium. Its VPURE and VPURE+ products, which are sourced from one of the vanadium deposits at the Company's Maracas Menchen Mine in Brazil. The Company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology (VRFB). The Company is also engaged in the process of implementing a titanium dioxide pigment plant using feedstock sourced from its existing operations, in addition to advancing its United States-based clean energy division with its VCHARGE vanadium batteries. VPURE+ Flakes are used in the production of master alloys, where it provides high strength-to-weight ratios for the titanium alloy and aerospace industries.


TSX:LGO - Post by User

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Post by kha341on Jan 16, 2024 2:09pm
107 Views
Post# 35829605

Topical: China 2023 steel output

Topical: China 2023 steel output

 


China 2023 steel output set to rise despite property woes



https://www.reuters.com/markets/commodities/china-2023-steel-output-set-rise-despite-property-woes-russell-2023-12-12/



Excerpt



While 2023's expected production is likely to be only modestly higher than that of 2022, it's perhaps surprising given the travails of the property sector.

Property construction accounts for about 35% of China's steel demand and the sector has been plagued this year by major developers experiencing liquidity crunches and falling sales, with sales by floor area declining 7.8% in the first 10 months of the year from the same period in 2022.

However, hopes of a revival in coming months have been sparked by Beijing's moves to stimulate the sector by easing lending requirements, with sentiment further buoyed by a slight rise in new home prices in November, the third straight monthly gain.

But it's outside of property that steel has performed better in 2023, with China's automobile production hitting a record high in November of 3.093 million units, up 7% from October and 29% from November last year.



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