Rio Tinto Plc plans to expand capacity across its mineral sands business to take capitalise on a strong outlook for the titanium dioxide (TiO2) industry, delegates at the TZMI Congress 2011 in Hong Kong heard on Thursday.
Jean Francoise Turgeon, managing director of the company’s iron and titanium arm, said that Rio Tinto has such a belief in the market that it is looking to invest $63m in bringing more capacity online in four of its projects.
“Demand for higher-grade feedstocks is growing...