Largo Reports Higher Vanadium Pentoxide Production In Q1

BEIJING (Asian Metal) 12 May 22 РCanada-based Largo Inc. today announced production and sales results for the three months ended March 31, 2022 (Q1 2022).

The company reported V2O5 production of 2,442 tonnes in Q1 2022, compared with 1,986 tonnes in Q1 2021. Total V2O5 equivalent sales volume of 2,232 tonnes for the quarter was lower than 2,783 tonnes in the same period of last year due to ongoing global logistical challenges and lower production in Q4 2021.

The company lowered its 2022 V2O5 equivalent production guidance from 12,250-12,750 tonnes to 11,600-12,400 tonnes; V2O5 equivalent sales guidance was adjusted from 12,250-12,750 tonnes to 11,000-12,000 tonnes.