Largo Inc (LGO)

[Slashnuts]

Vanadium Prices Surge On Renewed Supply Concerns!$!$

European FeV price surge on renewed supply concerns, spot demand flurry
The European ferro-vanadium market surged earlier this week, amid a flurry of spot purchasing interest and renewed supply concerns.

Spot prices for European ferro-vanadium increased to $69-71.20 per kg on June 6, delivered duty-paid in Europe, up 4.82% from $66.25-67.50 per kg on June 1, according to Metal Bulletin’s mid-week assessment. Spot market buying interest picked up considerably this week following last week’s price rebound, with both traders and consumers scrambling to restock material before any further price run-up. Prices have continued to climb with each passing day, with many participants refusing to offer below the current Metal Bulletin high mark, market participants said. “I sold at $69 at the start...
https://www.metalbulletin.com/Article/3812347/Vanadium/European-FeV-price-surge-on-renewed-supply-concerns-spot-demand-flurry.html

Traders are concerned about material availability. Shipments from China abruptly halted, last week, as Chinese exporters are no longer offering quotes. (6/1/18 MB)

Chinese vanadium prices up rapidly. (6/6/18 AM)

Brazilian Real Crumbles...(good for Largo)

1 United States Dollar equals
3.93 Brazilian Real

Good Luck To All!$!$