Rio Tinto sees poor uptake in second zircon auction
Published: Friday, 30 November 2012
Auction price below market price; future prices could be even lower
Anglo-Australian miner Rio Tinto Plc put up
15,000 tonnes zircon for auction in China on Wednesday, market
sources revealed to IM.
Of the total, 3,570 tonnes were sold at a starting price of
$1,500/tonne, according to sources. This is below the current
market price of between $1,800 and $2,000/tonne....