StockMarketWire.com - Vanadium producer and developer Ferro-Alloy Resources said it had made its first commercial sale of ferro-molybdenum and had completed testing of the production of ferro-vanadium.

The sale comes after the company last month 22 September that it had started conversion of its calcium molybdate product into the higher value ferro-molybdenum.

The company was now recovering around 4.5 tonnes per month of ferro-molybdenum as a by-product from its recovery of vanadium from bought-in concentrates and this is expected to grow as throughput of the plant increases.

The molybdenum was initially recovered as calcium molybdate which was previously sold at a discount to prevailing molybdenum prices, but this was now being converted and sold as ferro-molybdenum, avoiding the discount.




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