From Mining Journal:
The price range of V2O5 for the week represents a 64% increase over the US$5.81 average price for fiscal Q2
Brazil vanadium producer Largo Resources (CN: LGO) has enjoyed a massive share price spike over the past week – up 77.5% - and stronger prices for the metal are no doubt part of the reason.
Largo said this week it recently passed its 1,000th lot shipment of vanadium from Vanadio de Maracás Menchen, representing about 44 million pounds of vanadium pentoxide (V2O5). CEO and president Mark Smith said he expected the company to post “strong financial results for the remainder of fiscal 2017” on the back of improved margins at the mine, and the better vanadium prices.
- Staff reporter
- 25 Aug 2017
“The price range of V2O5 for the week ended August 18, 2017 was US$9.00/lb to US$10.00/lb, which represents an approximate 64% increase over the US$5.81 average price for fiscal Q2,” he said.
Current vanadium prices were at a five-year high. The product is primarily used as an alloy to strengthen steel and reduce its weight.
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