Date: Nov 1, 2018

Brazil-based vanadium producer Maracás Menchen was the best performer

Vanadium

Vanadium is seen as source of battery power in future

Higher vanadium and coal prices again boosted mining royalty specialist Anglo Pacific Group PLC (LON:APF).

Income rose 27% to £12.1mln in the three months to September for a nine-month total of £32.9mln (£28.9m).

WATCH: Higher vanadium and coal prices again boost Anglo Pacific Group

Brazil-based vanadium producer Maracás Menchen was the best performer, lifting its contribution by 146% to £1.4mln as the price of the steel additive soared.

Australian coking coal asset Kestrel improved by 26% as coal prices increased, while a special dividend meant a £0.9mln contribution from the recent acquisition of Labrador Iron.

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