China controls the conversion layer across 20 critical minerals. REEx ranks U.S. vulnerabilities from gallium to platinum—and why mining alone won't fix it.
Company Profile
Largo Inc
Overview
About Largo Inc
Largo Inc. is a vertically integrated vanadium and critical-minerals company headquartered in Toronto, Canada, dual-listed on the Toronto Stock Exchange and Nasdaq under the ticker LGO, with a market capitalization of roughly US$95-120 million. Largo is the world’s largest primary vanadium producer, sourcing high-purity VPURE and VPURE+ products from its Maracas Menchen Mine in Bahia, Brazil. Its products serve the steel industry (ferrovanadium and vanadium carbon nitride), aerospace master alloys, catalysts and energy-storage markets. The company is ramping up an ilmenite concentrate plant at Maracas and holds a 50% interest in Storion Energy, a vanadium-flow-battery electrolyte joint venture supporting its VCHARGE clean-energy battery technology, alongside tungsten projects in Canada and Brazil. In 2026 Largo reported strong vanadium output and signed an agreement to sell up to 4.5 million tonnes of iron-ore calcine material for proceeds exceeding US$56 million, while undertaking a strategic evaluation of its U.S.-based clean-energy business.
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REEx Intelligence
Recent Articles
U.S. Defense Logistics Agency awards vanadium pentoxide contracts to Largo Inc and U.S. Vanadium LLC to secure critical supply chains.
