Largo Inc T.LGO

Alternate Symbol(s): LGO

Metals & Mining Industrial Metals & Minerals

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.

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Largo Inc > V price plagues V producers

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Post by ceetongon Feb 05, 2024 5:22pm

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Post# 35864057

V price plagues V producers

Largo is losing money for quite a while but V prices keep falling further. Bushveld already is at a point where it "had to suspend critical suppliers' payments and postpone some maintenance projects". Now, without "critical supplies", how are they supposed to continue production? One would think the expectation of supply constraints would help prices but nada. Exactly the opposite happened, Vanadium prices have hit their lowest level in more than 3 years.

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