Loading…
Loading…
Largo Inc (Toronto-domiciled; dual-listed TSX: LGO and NASDAQ: LGO) is the world's largest primary vanadium producer.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
US customs bills of lading, shipper Largo Vanadio de Maracas S.A. (Maracas Menchen mine and plant, Bahia, Brazil): BoL MEDUSA688325 arrived 2026-08-15, 'vanadium pentoxide fused flakes' 41,450 kg, Salvador (BR) to Jacksonville FL, consignee ARG International AG; also HLCUSS3260500441 (2026-06-25, V2O5 flakes 65,765 kg, Brazil origin) and ferrovanadium BoLs HLCUSS5260579119 (2026-07-24, 102,901 kg) and MEDUR3341381 (2026-07-27, 82,237 kg). ARG International AG is a third-party metals merchant; the BoL pins the Brazil-to-US sea route. Same page shows intra-group consignees Largo International Inc. and Largo Resources USA Inc. (not counted). No ARG dossier yet.
Five-year, fixed-price-delivery-order contract awarded June 2026 to supply up to 2,876 metric tonnes of high-purity V2O5 to the U.S. National Defense Stockpile, maximum contract value US$125 million; release states no share of Largo's revenue or production.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
This company sits on the supply side for 2 of its 2 materials — a restriction on those is a tailwind, not a headwind.
No actions in the register have named or swept this company in the last 24 months.