Business Report

Bushveld Minerals Limited (AIM:BMN, OTC:BSHVF) expects its vanadium production in 2022 to be toward the lower end of its guidance following a weaker performance from its Vanchem facility in the second quarter.

The company, which owns two of the world’s four operating primary vanadium processing facilities, said group production in the second quarter dropped 25% from the year-earlier period to 668 metric tonnes of vanadium (mtV).

Production at Vanchem was adversely impacted by lower recoveries associated with end-of-life Kiln 1, power supply issues, and a slower than planned ramp-up post commissioning of Kiln 3.

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