Quarterly UpdatesJul 23, 2026, 08:37 AM
Largo Q2 V₂O₅ Production +28.5% to 2,900t; Sales +53.4%
AI Summary
Largo Inc. reported strong Q2 2026 operating results, with vanadium pentoxide (V₂O₅) production increasing 28.5% year-over-year to 2,900 tonnes and V₂O₅ equivalent sales growing 53.4% to 2,773 tonnes. The company also highlighted that vanadium oxides and hydroxides remain exempt from new U.S. Section 301 tariffs on Brazilian products, strengthening its U.S. market position and commercial outlook. These results reflect continued operational improvements and stronger commercial execution.
Key Highlights
- V₂O₅ production increased 28.5% YoY to 2,900 tonnes in Q2 2026.
- V₂O₅ equivalent sales rose 53.4% YoY to 2,773 tonnes in Q2 2026.
- Year-to-date V₂O₅ production grew 55.2% to 5,516 tonnes.
- Total ore mined increased 46.6% YoY to 712,198 tonnes.
- Ilmenite concentrate sales surged 67.0% YoY to 10,059 tonnes.
- Vanadium oxides and hydroxides are exempt from new U.S. Section 301 tariffs.
- Secured U.S. Defense Logistics Agency Strategic Materials delivery order.
Price Impact
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