Bullboard - Stock Discussion Forum 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... see more

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Largo Inc > A very good news from China

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Post by kha341 on May 31, 2024 12:28am

A very good news from China

China unveils 2-year plan for energy conservation and carbon reduction
2024-05-30

“The country vows to optimize steel product mix by developing high-end special steel”.

This will definitely increase China’s consumption of vanadium in order to produce high-end steel products.

This is a very good news if the plan will be implemented with proper enforcement measures and inspection. This 2-year plan sounds very similar to China’s special action to reduce carbon pollution, cut down on low-quality steel and implement enhanced rebar standards in 2018.

I personally dare to expect V prices to skyrocket as soon as this 2-year plan is implemented in 2024. But again I may be wrong.

DYODD

https://www.asianmetal.com/news/2072676/China-unveils-two-year-plan-for-energy-conservation-and-carbon-reduction/14

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