December Monthly Vanadium News

As the end of another transformative year passes, it is imperative to reflect on the significant strides made in the vanadium sector. Our journey in the vanadium landscape has been marked by strategic developments and global advancements, underscoring the commitment to fostering sustainable energy solutions.

Navigating the Future with Vanadium: December Insights

In December, the landmark investment by Zhonghe Energy in a 1GWh vanadium flow battery energy storage system production base in Shanxi Province, China for , stands as a testament to the growing global demand for vanadium-based energy storage solutions.

In another significant development, LIVA, a subsidiary of AMG, has acquired VRFB assets from Voith. This acquisition is a strategic expansion into advanced technologies for large-scale high-voltage VRFB. This move not only enhances LIVA's technological portfolio but also underscores the ambition of AMG in the global energy transition narrative.

Last month, VanadiumCorp also announced the completion of its electrolyte-processing plant in Québec and Australian Vanadium completed its electrolyte factory in Western Australia. Both these facilities will further augment the global vanadium electrolyte supply chain with local players servicing regional demand. It is important to note that these facilities have been backed by governmental support, in a clear indication of the recognition and importance of vanadium in national energy strategies.

Finally, the agreement between Bushveld Minerals Ltd and Southern Point Resources Ltd, reflects the long term view of financial investors that are looking past the current difficult price environment.

In summary, the events of December have not only reinforced the critical role of vanadium in the renewable energy sector but also highlighted the increasing global engagement in this arena. As Largo Physical Vanadium, we remain at the forefront of these developments, ensuring our strategies are aligned with these global trends and our commitment to sustainable and efficient energy solutions remains unwavering.

As we step into the new year, I wish you all a very happy 2024 and look forward to continuing our journey together.

Largo Physical Vanadium Update – December 2023¹

LPV’s net assets are over 95% held in physical vanadium products. LPV’s net asset value (“NAV”) is now at C$1.54/share, implying that our closing share price as of December 31, 2023, was trading at a 28.6% discount.

Recent Vanadium News

Vanadiumcorp's Electrolyte Plant is Assembled and Ready for Inspection

Zhonghe Energy 1GWh vanadium flow battery energy 2storage system production base settled in Yangquan, Shanxi Province

Bushveld Minerals inks deal with Southern Point Resources

Australian Vanadium completes flow battery electrolyte factory in Western Australia

AMG’s LIVA unit acquires vanadium redox flow battery ops from Voith

About Largo Physical Vanadium Corp.

Largo Physical Vanadium Corp. (LPV) is a pure-play physical vanadium investment company. LPV provides direct exposure to vanadium through a secure, convenient and exchange-traded vehicle. Vanadium is essential to achieving a greener world, though carbon reduction, in key industries such as steel, aerospace and energy storage. LPV's strategy is to achieve appreciation through the acquisition of vanadium as well as actively supplying the fast growing vanadium redox flow battery (VRFB) industry to advance the integration of renewable energy in long duration storage.

LPV's common shares trades on the TSX Venture Exchange under the symbol "VAND". For more information, please visit

Paul Vollant,
Chief Executive Officer

Click here for a complete listing of Largo Physical Vanadium's press releases.

¹ Key Metrics (as of December 2023 closing)

² LPV’s marked to market average vanadium price blending various products and geographies