Largo terminates iron ore sale, assesses U.S. tariff changes By Investing.com

NodeGuardian · 2026-02-28T22:40:15+00:00

Largo Inc. has canceled an iron ore sale agreement due to a missed payment, keeping ownership of the byproduct. The company is assessing how recent Supreme Court rulings on tariffs may impact its vanadium units. Despite financial challenges, Largo's stock has risen 48% this year, garnering a Buy rating from analysts.

NodeGuardian

2026-02-28 22:40:15

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Largo Inc. has terminated an iron ore calcine sale agreement after the buyer failed to make a $2.9 million initial payment, retaining full ownership of the byproduct. The company is evaluating the implications of recent U.S. Supreme Court decisions on tariff authority, which could affect its high-purity vanadium units held in a bonded warehouse. Despite financial headwinds and a significant debt burden, Largo’s stock has surged 48% year-to-date, trading at $1.39, with analysts maintaining a Buy rating and increased price targets.

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