Bushveld rides vanadium wave to strong 2018 profits

Bushveld Minerals Ltd increased annual revenues from vanadium mining by 142.7% in 2018 to $192.2 million on higher vanadium prices, the integrated South African producer announced on Wednesday January 30.

However, the notably lower 32.9% increase between the third and fourth quarters, for fourth quarter revenues of $60.2 million, reflected vanadium prices coming off of a historic peak. For example, Fastmarkets’ price assessment of ferro-vanadium, basis 78% min, free delivered duty-paid to consumer works in Europe stood at $126-128 per kg on November 23, 2018, the highest it has ever been. The price was last assessed at a similar level thirteen and a half...

Published

Orla O'Sullivan

January 31, 2019

02:35 GMT

New York