Largo Inc T.LGO

Vanadium prices up in tight European market

[kha341]

and LGO is down big time. Go figure.
Where is the positive correlation between Vanadium and LGO prices?

https://www.metalbulletin.com/Article/5082017/Vanadium/Vanadium-prices-up-in-tight-European-market-spodumene-continues-rally.html

 

[Therookie88]

What is the mid price for v205 as of yesterday? Must be getting close to $10

[Cocorock]

I think the current overproduction of steel and low expected future demand in the short term is part of the drop in the price of Largo's shares.

[kha341]

Not sure I understand the logic in your statement. Don't you know that actually Euro FeV prices keep rising sharply and V2O5 prices keep edging up?

[Cocorock]

Hello Kha341, Its my understanding that more than 50% of the world's vanadium production is obtained as a by-product from slag in some steel mills. So if steel production goes down, this source of vanadium production would also decrease, and perhaps driving up temporaly the price of mined vanadium. On the other hand, if the expectation is down for production of steel then the total demand

[NewAgeMetal]

You might need to clarify this post, the underlying commodity prices ice is rising so the logic that demand is the cause doesn't really hold.