Ferro-Alloy Resources Ltd. (GB:FAR) has released an update.
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Ferro-Alloy Resources Limited, a vanadium producer in Southern Kazakhstan, reported interim results with revenues down to US$2.1m and a loss of US$3.99m for H1 2024, alongside updates on their carbon concentrate’s success in rubber applications and the ongoing feasibility study for their Balasausqandiq vanadium project. The company’s process plant has faced challenges with nickel-rich residue processing but has seen advancements in vanadium pentoxide production. Despite current low vanadium prices partially due to a construction slowdown in China, long-term forecasts appear positive with expected market deficits driving future price increases.
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