LSE-listed vanadium producer Ferro-Alloy Resources (FAR) has started production of ferro-molybdenum and vanadium pentoxide at its Balasausqandiq vanadium deposit in southern Kazakhstan.
In October 2020, the company started to recover molybdenum in the form of calcium molybdate as a by-product during the recovery of vanadium from bought-in raw-material concentrates. The calcium molybdate was sold at a discount to the published price for the contained molybdenum.
Ferro-Alloy Resources Limited (LON:FAR) is developing the giant Balasausqandiq vanadium deposit in Kyzylordinskaya oblast of southern Kazakhstan. The ore at this deposit is unlike that of nearly all other primary vanadium deposits and is capable of being treated by a much lower cost process.