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The latest update is out from Largo Resources ( (TSE:LGO) ).
Largo Inc. reported a slight decrease in vanadium pentoxide production and sales for 2024 compared to the previous year, largely due to scheduled maintenance and market conditions. Despite these challenges, the company remains within its production and sales guidance, with significant increases in mineral reserves and resources extending the mine’s life. The vanadium market saw decreased prices and softened demand in Europe and China, while the aerospace sector remains strong and the U.S. steel market stable. Looking ahead, 2025 is expected to see continued demand in the U.S. steel and aerospace sectors, with China’s energy storage driving future vanadium consumption.
More about Largo Resources
Largo Inc. operates in the mining industry, focusing on the production and sales of vanadium pentoxide (V₂O₅) and ilmenite concentrate. The company is known for its Maracás Menchen Mine and has a market focus on vanadium applications in steel production, aerospace, and energy storage sectors.
YTD Price Performance: 20.79%
Average Trading Volume: 151,458
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $135.8M
For an in-depth examination of LGO stock, go to TipRanks’ Stock Analysis page.
