INTERVIEW: ‘Unsustainably low’ vanadium prices will rebound in Q2 2020, Largo chief says

Vanadium prices are unsustainably low and sentiment and prices should improve as evidenced by the recent ferro-vanadium price increase in Europe, Largo Resources chief executive officer Paulo Misk told Fastmarkets.

Misk was appointed Largo's CEO in September, replacing Mark Smith, who had held the position since 2015. Misk has been with Largo Resources since 2014. Prior to joining the Toronto-based producer, Misk worked at Anglo American as its niobium and phosphates operational director.
"I anticipate prices increasing during the second quarter of the year," Misk said in an interview on the sidelines of the International Ferro-alloys conference in Budapest on November 17-19. "We base that on the current fundamentals and particularly from increased demand in the Chinese vanadium market."
"This does not mean we will see volatility in vanadium prices as seen in 2018. The price trend I anticipate for next year, and this is based on what we see in the market today, should be between approximately $7.50 and $8 per lb, which is not much different from the historical average vanadium price,” he said.

"If you look...

Published

Ewa Manthey

December 03, 2019

15:06 GMT

London