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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

Comment by ThaLuvDoctaon May 01, 2024 10:00am
74 Views
Post# 36017085

RE:Ilmenite backlog

RE:Ilmenite backlog

Paul Vollant: Yes. So there’s no way to hedge ilmenite, such, as considered kind of electronically traded commodities. But the good news is that ilmenite, is a much more stable commodity in terms of price if you compare it to vanadium, right? The variations are much lower. We’re able to secure some contracts forward at a fixed price. But we cannot really say that we’re hedging, right? Well we can fix prices, two or three months ahead, maybe, as long as six months ahead, but not much more. And yes, so our strategy is also to follow the market. But again, I mean, this price is much more stable than what you’ve been used to in vanadium. In terms of price level, it’s still, somewhat, we’re still in a price discovery phase, because the price of ilmenite is not increasing linearly with quality.

Actually, you’ve got massive premium for higher quality product, which – is where we’re getting to now. So the prices that we achieved in our initial sales for the material that, we produced during the ramp up at lower quality, should be very different in a few quarters, when we have stable production at higher grades. So, we can probably give you more color on that in the next – either next quarter or the following month.

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