Largo’s net loss widens to $32m, but incoming ilmenite output shows promise
Canada-headquartered vanadium miner Largo says its financial results continued to be adversely affected by lower vanadium prices in the year ended December 31, particularly a 22% year-on-year decrease in the European vanadium pentoxide price in the last quarter of the year.
The company sold 10 396 t of vanadium pentoxide, from its Maracás Menchen mine, in Brazil, in the year under review.