Vanadium Production From Four Large Producers In Q2 And H1 2021

www.ferroalloynet.com: According to the quarterly report from companies, FerroAlloyNet make one production summarization on the large vanadium companies. Detailsare as below.

Evraz

Gross vanadium slag production from Evraz in Q2 2021 was 5206 tonnes, with a growth of 8.5% from last quarter of 4,798 tonnes . In the first half of 2021, Evraz produced 10,004 tonnes gross vanadium slag, declining by 0.7% compared with the quantity of 10,077 tonnes in H1 2020. Its sales of vanadium products fell by 3.6% QoQ to 3,247 tonnes in Q2 2021, mainly due to changing the regional sales and product mix to support the increased FeV demand, resulting in longer lead times. And its half year sales of vanadium products in 2021 were 6,615 tonnes, climbing by 17.9% compared to the same period of 2020.

Largo Resources Ltd

Its V₂O₅ production was 3,070 tonnes (6.8 million lbs) in Q2 2021, a 20% increase over Q2 2020 and 55% above Q1 2021. And its sales were 3,027 tonnes of V₂O₅ equivalent from its Maracás Menchen Mine in Q2 2021.The key reason for this increasing was that the Company concluded the commissioning and ramp up activities associated with its kiln and cooler upgrades, including improvements of the mining, crushing and milling circuits to support a new nameplate production capacity of 1,100 tonnes of V2O5 per month in Q1 2021.  Largo produced 5,056 tonnes V2O5 in H1 2021, slightly decreasing by 6.25% compared to the quantity of 5,393 tonnes in H1 2020.

Glencore

Glencore produced 5.5 million pounds (2494.76 tons) vanadium pentoxide in Q2 2021, staying same with the quantity in Q1 2021 and increasing by 34% from that in Q2 2020. And vanadium pentoxide production of 11.0 million pounds (4989.52 tons) was 2.7 million pounds (1224.7 tons) higher than H1 2020 with a growth of 33% YOY, also mainly reflecting the national lockdown in the base period.

Belows are the output of vanadium products from the four mainstream producers since 2018. Besides, Bushveld is going to produce V2O3 in Q3 2021 and the production guidance remains between 3,400 mtV and 3,600 mtV and is on track to meet it now. In addition, Bushveld intends to complete the now expanded prefeasibility studies (“PFS”) at Vametco together with the technical studies currently under way at Vanchem in Q4 2021. These studies will determine the optimal path to increase production from Vametco and Vanchem in the most capital efficient manner.

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