Date: Sep 25, 2018
Henry Ford was one of the first exponents of vanadium, using the metal to strengthen the Model T, the car credited with introducing the automotive industry to the masses in the early 1900s. A few years later, vanadium was sported on the battleground and used in the manufacture of body amour in the First World War. Since then it has made its way into everything from engine turbines and drill bits to spanners and saws. Apart from the steel sector, vanadium is used in vanadium flow batteries which are becoming very popular in China for large scale energy storage. Vanadium is one of the best performing commodities in the past 2 years, rising almost 4 fold.
Largo Resources Ltd. (TSX: LGO | OTCQX: LGORF) is a strategic mineral company focused on the production of vanadium flake, high purity vanadium flake, and high purity vanadium powder at their Maracás Menchen Mine located in Bahia State, Brazil. Its mission is to be the lowest cost, highest grade, vanadium producer in the world; while maximizing overall shareholder value and continually maintaining the respect of employees, communities, and with all relevant stakeholders.
