Largo Inc T.LGO

LPR, we need you

[kha341]

With Euro FeV mid price  nearing US$40/kg, the Euro V2O5 mid price must be close to US$9/lb. Right?
 Thank you very much

[LettinPoniesRun]

Hey Kha, sorry for the delay, been caught up at the Track now that we can attend ;) V2O5, Rotterdam  June 18 US$8.00-$8.60/lb  June 11 US$7.50-$8.50/lb FOB China V2O5 is US$8.51-US$8.58/lb.  LPR

[kha341]

Many thanks!

[LettinPoniesRun]

V Price unchanged this week on MB Euro.  PS..Kha, I'm also wondering where the High Purity Sales are at price/volume wise,.. LPR

[kha341]

High Purity price / volume wise? Nobody knows. According to the Q1-21 MD&A:  1) “In Q1 2021, the Company sold 2,783 tonnes of V2O5 equivalent. The Company delivered both standard grade and high purity V2O5 as well as ferrovanadium (“FeV”) to customers globally”, and  2) “During Q1 2021, the average price per lb of V2O5 in Europe was US$7.09... The average price at March 31

[Theturk12]

Maybe Largo's sales team is selling V2O5 real cheap to gain market share??

[kha341]

Largo is known for the highest grade V deposits in the world. How difficult is that to gain market share?  My guess is that despite the top quality grade of our V products the majority of the 2,783T of V2O5 equivalent delivered in Q1-21 were sold as V2O5 standard Bulks (Bulk price = Standard spot price minus a quantity discount). Not much was sold even at standard spot prices. Not much was

[kha341]

It’s a common practice to offer a volume discount to buyers who purchase in bulk quantity.