Vanadium can be profitable only through the valorization of by-products (Ti and iron ore); Largo has understood this well and markets the raw material TiO2.
The production of vanadium mines is not "critical" because it only represents 18% of global production but with high quality.
Vanadium slag (from steel slag) represents 70% and secondary recoveries (from the recycling of used oil refining catalysts) represent 12% of global vanadium production.
SRN Price at posting:
0.6¢ Sentiment: Hold Disclosure: Not Held
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