Rio revises down TiO2 guidance further in wake of softening demand
By Myles McCormick
Published: Thursday, 16 July 2015
The Anglo-Australian miner has reported a significant drop in titanium dioxide and salt production for H1 2015, alongside a moderate drop in borates production.
Rio Tinto’s Q2 results,
published today, showed an 18% drop in first half 2015 titanium
dioxide (TiO2) slag production to 624,000 tonnes,
which the Anglo-Australian miner blamed on a further decline in
demand for the material.
The company put the decline in year-on-year (y-o-y) output
down to the continued...