SP Angel BMN this morning11 May 2018 14:29
Found this from this morning, nothing new though. You'll have to go through to the website to use the pdf links
https://www.v o x m a r k e t s.co.uk/blogs/
Company News Bushveld Minerals* (BMNLN) 22.45p, mkt cap �238m � Largo Resources reports record Q1 as vanadium price pulls back BUY � Target 25p
Largo Resources, the Brazalian-based vanadium producer reported record Q1 earnings this week with net income rising to US$49m vs �US$9.7m yoy
Sales rose to US$91m through Q1 on the back of high vanadium pentoxide prices from US$29m a year earlier.
Largo�s Marac�s Menchen Mine produced some 2,214t of V2O5, vanadium pentoxide in Q1 up 7% yoy but down 13% on Q4.
We estimate Bushveld�s sales based on the ferro-vanadium price and while ferro-vanadium prices move similarly to Vanadium pentoxide prices the two markets do trade slightly differently
Ferro-vanadium prices have slipped back a little to US$65.7-68/kgV for material into Western Europe though prices remain at elevated levels. This is due to strong demand from the steel industry and reduced production from certain supply sources in China which are restricted by anti-pollution and �Green Shield� measures.
Vanadium update note CLICK FOR PDF
See link for vanadium market note: CLICK FOR VANADIUM NOTE PDF
Also see links for Bushveld flash note: CLICK FOR FLASH NOTE PDF