Shares of Guernsey-based Ferro-Alloy Resources (ASX:FARF) slumped as much as 18% at 8.5p, staging a prominent loss across the London market.

The vanadium producer has announced further unforeseen supplier and transportation delays that significantly hampered its Q3 output, precipitating a substantial impact on the Q3 financial results.

The company also hints at the chance of more confined shortfalls possibly affecting production in Q4.

Nonetheless, Ferro-Alloy Resources anticipates both FY23 production and results to markedly overcome those of FY22.

Following the announcement, the shares hit their lowest level since November 2020.

The shares were trading with a volume of 353,825.

Amid these developments, Liberum has decided to revise the target price to 38p from 39p, resulting in a ~7% YTD decline in Ferro-Alloy Resources' shares.

Ferro-Alloy Resources is a Guernsey-based company specialising in the production of vanadium.