Bushveld Minerals (“BMN”), a primary vanadium producer in South Africa, has released its financial results for H1’24. H1’24 production was 1,693t (2023: 1,748t) at a cash cost of US$27.9/kg (2023: US$26.6/kg), with sales of 1,639t (2023: 2,096t). The production drop was due to cash constraint driven equipment failure at Vametco, as well as a scheduled shutdown at Vanchem. We assume average production of 215tV/month in Q3, increasing to 240tV by the end of Q4. This should take production for the ....
