Largo shifts focus to high-margin vanadium and copper-PGM products

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Go back to Largo shifts focus to high-margin vanadium and copper-PGM products

Largo Announces Strategic Focus on Higher-Margin Products; Provides Update on Copper-Platinum Group Metal Margins and Potential Expansion; and Further Advances Debt Restructuring

September 23, 2026 8:19 AM EDT

All amounts expressed are in U.S. dollars, denoted by "$".

Key Highlights:

Higher-margin production strategy: Largo is optimizing its production mix toward high-purity vanadium and copper-platinum group metals ("PGMs") by-products, which currently generate materially higher margins than the Company's standard-grade vanadium products and ferrovanadium ("FeV").Largo's recent sales of copper-PGM concentrates are generating approximately US$4.7 million in revenue and an operating profit margin above 90%, making it the Company's highest-margin product. The Company is evaluating a potential expansion to double copper-PGM... More