VANCOUVER (miningweekly.com) – TSX-listed Largo Resources has hit a new monthly vanadium pentoxide production (V2O5) record at its Maracás Menchen mine, in Bahia state, Brazil, producing 828 t of the industrial metal – surpassing the previous September record by 22 t.
Largo also announced that it has achieved new weekly and daily production records in December of 219 t and 39 t, respectively.
"Largo's sustained focus on achieving consistent production at or above nameplate capacity at the Maracás Menchen continues to result in steady and record breaking production. Largo's ongoing and successful production track record, coupled with Largo's ability to produce vanadium at low cost demonstrates Largo's emergence as a key player in the vanadium industry," commented Largo president and CEO Mark Smith.
Largo last month said it intends to produce, qualify and sell its vanadium products at the specifications required for use in the aerospace alloy market sector via Glencore International, the existing exclusive off taker of all vanadium product currently produced from the Maracás Menchen operation.
According to the company, high strength low alloy vanadium steels are replacing lower strength traditional steels at an accelerating pace as the steel industry increasingly demands stronger and lighter products for advanced applications.