$0.50 well done all holders... An aerial view of the Tahkoluoto port in Finland, proposed site of Neometals vanadium recovery facility. Credit: File Neometals sets its sights on low-cost Nordic vanadium By Matt Birney Wednesday 21 April, 2021 - 15:02 Neometals is set to lend its expertise in vanadium processing to the low-cost recovery of the specialty metal from waste materials in Europe. The company is nearing completion of a detailed Pre-Feasibility Study which proposes to extract a wealth of vanadium pentoxide from the metal-bearing waste materials produced by SSAB, a large-scale steel producer based in Scandinavia.
The engineering component of the company’s PFS is now complete and demonstrates the proposed operation would rank in the lowest quartile cost curve for vanadium producers.
The PFS contemplates the manufacture of a high-purity vanadium pentoxide product at an all-in cost of around US$4.25 a pound.
With 98 per cent vanadium pentoxide currently trading at around US$7.70 a pound and having hit a high of over US$28 in 2018, Neometals looks to have plenty of wriggle room once it cranks the production handle.
