AT A GLANCE: Bushveld Minerals increases group vanadium sales to China to 18% in H1 2020

A summary of Bushveld Minerals’ financial and production results for the first half of 2020.

In brief:

  • Revenue of $43.1 million versus $78 million in the first half of 2019, attributed to the continued lower pricing environment as well as lost production due to the Covid-19 pandemic.
  • No Covid-19 related stoppages since ramping up to pre-lockdown production levels in May 2020.

Bushveld Vanadium

Group production for the first half of the year was 18% higher year on year at 1,649 tonnes of vanadium (100% basis) as a result of the inclusion of the production from Vanchem. But estimated production was 380 tonnes lower than forecast for the period, directly attributable to the Covid-19 nationwide lockdown. Vanchem production totaled 431 tonnes of vanadium in the first...

Published

Ewa Manthey

October 01, 2020

11:13 GMT

London