Ferro-Alloy Resources Ltd's (LON:FAR) Nick Bridgen talks to Proactive London about their first commercial production and sale of calcium molybdate.
Bridgen explains what the product is used for, the production of ferromolybdenum, molybdenum-containing alloys, ceramics and direct alloying of steel and alloys with molybdenum in electric car furnaces.
He says their main focus is the development of the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan and this latest deal will increase revenue with only a small impact on costs he says after managing to 'increase capacity'.
