Curated News
By: NewsRamp Editorial Staff
August 17, 2026
Largo's Q2 Revenue Soars 68.5% as Vanadium Production and Sales Surge
TLDR
- Largo's Q2 revenue surged 68.5% to $44M, with a $60.1M U.S. defense order and new copper-PGM stream boosting growth.
- Largo increased vanadium production 28.5% to 2,900 tonnes, sales 53.5%, and started copper-PGM concentrate output at 300-380 tonnes monthly.
- Largo's vanadium and new copper-PGM production support clean energy storage and domestic supply, aiding sustainable technology advancement.
- Largo secured a $60.1M U.S. defense order and began copper-PGM concentrate production after Brazilian approval, adding revenue streams.
Impact - Why it Matters
This news matters because it highlights Largo's strong operational performance and strategic positioning in the critical minerals sector, particularly vanadium and copper-PGM concentrates. The U.S. Defense Logistics Agency order and new copper-PGM production diversify revenue streams and enhance supply chain security for defense and clean energy applications. For investors and industry observers, Largo's results underscore the growing demand for vanadium in steel and energy storage, positioning the company as a key player in the transition to a more sustainable and technologically advanced economy.
Summary
Largo Inc., a leading primary vanadium producer, has announced robust second-quarter 2026 results, with revenue surging 68.5% to $44 million, driven by a 28.5% increase in vanadium pentoxide production to 2,900 tonnes and a 53.5% jump in sales to 2,773 tonnes. The company's adjusted EBITDA improved to $2.7 million from $34,000, while Mining Operations Adjusted EBITDA rose 64.8% to $4.4 million. Despite a net loss of $22.7 million, primarily due to noncash items and higher costs, Largo reaffirmed its 2026 guidance for V2O5 equivalent production of 10,500 to 12,000 tonnes and sales of 7,500 to 9,500 tonnes.
Subsequent to the quarter, Largo secured a $60.1 million delivery order from the U.S. Defense Logistics Agency Strategic Materials and commenced full-scale copper-platinum group metals (PGM) concentrate production at its Maracás Menchen Mine after Brazilian regulatory approval. The company expects to produce approximately 300 to 380 tonnes of copper-PGM concentrate per month, with average grades of 15% copper and 41 g/t PGMs, creating an additional revenue stream using existing infrastructure. Stronger vanadium pricing, including a 45.8% increase in the U.S. ferrovanadium benchmark, also contributed to the quarter's performance.
Largo remains the world's largest primary vanadium producer, supplying critical materials to steel, aerospace, defense, chemical, and energy storage industries. It also holds a 37.4% stake in Storion Energy, a joint venture focused on vanadium flow battery electrolyte production for long-duration energy storage. The company's commitment to operational excellence and sustainability is underscored by its vertical integration and strategic investments. For more details, visit the full press release.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Largo's Q2 Revenue Soars 68.5% as Vanadium Production and Sales Surge
