Largo is shifting its production focus toward high-margin high-purity vanadium and copper-PGM concentrates, the latter of which is yielding operating margins above 90%. The company is also advancing its debt restructuring, having secured definitive agreements for 48% of its commercial bank senior debt.
Largo is optimizing its production mix to focus on high-margin high-purity vanadium and copper-PGM concentrates, which currently yield operating margins above 90%. The company is also advancing debt restructuring, having secured definitive agreements for 48% of its commercial bank senior debt.
Largo Inc. reported strong Q1 2026 results, highlighted by a 101.7% increase in vanadium pentoxide production and a 90.8% increase in ore mined. The company also filed a regulatory request in Brazil to formalize the production and sale of copper, nickel, cobalt, and PGMs as by-products, supported by positive metallurgical test results.
Largo Inc. reported 2025 vanadium production of 9,150 tonnes, meeting annual guidance despite US tariff impacts on high-purity sales. The company also disclosed positive metallurgical test results for copper-PGM concentrates, leading to a suspension of 2026 ilmenite guidance to evaluate infrastructure repurposing.
