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InvestorIntel: Largo Resources Could Become the World's Leading Producer of Vanadium
Toronto, Ontario--(Newsfile Corp. - May 7, 2014) - Tracy Weslosky, Editor-in-Chief and Publish...
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[{"type":"text","content":"\nInvestorIntel: Largo Resources Could Become the World's Leading Producer of VanadiumToronto, Ontario--(Newsfile Corp. - May 7, 2014) - \nTracy Weslosky, Editor-in-Chief and Publisher of InvestorIntel in an interview with Mark Brennan, CEO and President for Largo Resources \n(TSXV: LGO) ('Largo') dives right into why Largo could very well become the \nworld's leading producer of vanadium. Largo, which is developing the Maracas vanadium property in Brazil, announced on April 10th that construction of the processing facility in the State of Bahia is 99.8% complete and it has the potential to \nturn Brazil into one of the world's top vanadium producers. Simply put, Mark says \"we're actually 99.9% done today, so, we're very close to production.\" \n\nSome may wonder, as Tracy does, what accounts for the 0.1% that is left? Mark says that there are just some \"ancillary issues like lighting, essentially secondary issues not essential for production; so, just a couple more weeks and it's \ndone. The focus now is actually commissioning all the systems and getting all the systems ready. That's the real key to our production.\" Not surprisingly, notes Tracy, critical metals consultant, Jack Lifton, said that \"this is a \nstock he wished he could buy,\" while Dr. Luisa Moreno, Senior Research Analyst at Euro Pacific Canada, was the one that brought Largo to Tracy's attention in the first place, because she thinks vanadium demand will be increasing sharply. \n\n\nVanadium is becoming essential for the production of steel as aircraft and automotive manufacturers address demand for lighter and tougher materials, which contribute to reducing fuel consumption and reduce emissions. Steel companies are now \noffering high strength low alloy steels which the fastest growing segment of the steel market and vanadium is key for its production. Mark adds that China is another important driver of vanadium demand because of its use in high strength steel for \nconstruction. Demand for such steel in China has been booming because of new anti-earthquake compliance standards. \n\n\n\n\nIf you cannot view the video above, please visit: \nhttp://investorintel.com/rare-earth-intel/largo-resources-become-worlds-leading-producer-vanadium/ \n\nUntil recently China has been using in the range of 0.02 -0.023% of vanadium per ton of steel. Japanese and Western s...