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The Markets
by Proactive
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by Proactive
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Ferro-Alloy Resources 'concentrate on cranking up production' after boosting revenues in first half

Ferro-Alloy Resources 'concentrate on cranking up production' after boosting revenues in first half

Ferro-Alloy Resources Limited (LON:FAR) CEO Nick Bridgen joins Proactive London's Katie Pilbeam after generating revenues of US$1.5mln during the six months to June 2021 from its vanadium operations in Kazakhstan.

This was up from the US$1.1mln generated in the corresponding period of 2020.

Bridgen explains how the higher market prices are giving them a welcome boost - although the delayed delivery of vanadium concentrates curtailed production.

Ferro Alloys made a net loss before and after tax of US$1.1mln, down from the US$1.7mln returned in the corresponding period in 2020.

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