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Largo announces qualification of its vanadium for use in production of titanium master alloys in the aerospace industry
Largo announces qualification of its vanadium for use in production of titanium master all...
About this update from Largo Inc.
[{"type":"text","content":"\n\n\n\nLargo announces qualification of its vanadium for use in production of titanium master alloys in the aerospace industry\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 27, 2017\n\n\n\nTORONTO, Feb. 27, 2017 /CNW/ - Largo Resources Ltd. (\"Largo\" or the \"Company\") (TSX: LGO) (OTCQB: LGORF) is very pleased to announce that Largo's vanadium pentoxide has been qualified for use by a major North American producer of master alloys for the aerospace industry.  Additional qualification trials are underway at master alloy producers in Europe and Russia.\n\nHigh purity vanadium pentoxide is used in the production of vanadium master alloys used by the global titanium alloy industry.  Vanadium based master alloys are critical, non-replaceable materials used in the production of various titanium alloys for aerospace, industrial, and other applications.\n\nThe qualification of Largo's vanadium pentoxide for these applications represents an important broadening of the supply base for high purity vanadium pentoxide to the global titanium master alloy industry. Over the past two years rationalizations within the vanadium industry during a period of historically low prices has resulted in a significant decrease in the availability of high purity vanadium pentoxide for the titanium, chemical and energy storage (battery) markets.  For Largo, the qualification is an important step in ensuring that its product becomes the product of choice in value added specialty applications for vanadium pentoxide including applications in the titanium industry, the chemical and catalyst industries, and the developing energy storage markets.\n\nMark Smith, President and Chief Executive Officer for Largo, stated: \"Now that the Maracás Menchen Mine has demonstrated stable and consistent operations, it is poised to benefit greatly from selling its vanadium products into higher margin market sectors as well as from general increases in vanadium prices, which we anticipate will strengthen further during 2017.\"  Mr. Smith continued \"I am very...