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Iofina warns iodine H2 production to be below guidance

By Myles McCormick
Published: Tuesday, 13 December 2016

The US iodine producer does not expect to reach its guidance for H2 iodine production blaming water diversions by suppliers. Its 2016 revenues have surpassed 2015 levels, however, with volumes making up for weaker prices.

Iofina Plc does not expect to meet its H2 iodine production guidance as a result of a production slowdown caused by to water being diverted by suppliers to their own fracking operations, it has announced.

The iodine producer, the second largest in the US, now anticipates H2 production of 215-225 tonnes,...

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