Ferro-Alloy Resources Limited, a vanadium producer with the large Balasausqandiq vanadium mine in southern Kazakhstan available for development, announced that it has commenced production of ferromolybdenum and vanadium pentoxide.
In October 2020, the company began recovering molybdenum in the form of calcium molybdate as a by-product of recovering vanadium from bought-in feedstock concentrates. Calcium molybdate is sold at a lower price than the published price of the contained molybdenum. The company is now converting this calcium molybdate into ferromolybdenum, which will allow the company to avoid this loss.
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.