AT A GLANCE: Bushveld Minerals’ Vanadium Sales Increase In H2 2020; Prices To Remain Robust In Q1 2021

A summary of Bushveld Minerals’ financial and production results for the fourth quarter and 12 months ended December 31, 2020.

Bushveld Minerals’ vanadium resource base currently consists of three mineral assets, Vametco, Brits and Mokopane, and its processing facilities consist of Vametco and Vanchem, which are all situated in South Africa.

In brief 

The 2020 group production of 3,631 tonnes of vanadium was 24% higher than the same period last year, primarily as a result of the inclusion of Vanchem’s production for the full 12-month period but partially offset by impact of the nationwide lockdown in South Africa during the first half of 2020.  Production was marginally lower than 2020 guidance of 3,660-3,940 tonnes (less than 1%).  The 2020 group sales of 4,264 tonnes were 78% higher than the same period last year, as a result of the…