Iluka expects coronavirus situation to sap 2020 zircon demand

By William Clarke
Published: Monday, 24 February 2020

Mineral sand miner Iluka expects the consequences of the novel coronavirus infection to weigh on the already sluggish zircon market in 2020.

In quarterly results released on Thursday February 20, Iluka reported "short-term softness" in the zircon market. The company left its zircon reference price unchanged through 2019, at $1,580 per tonne, and said that "prices received were relatively stable."

But this reference price, which is based on premium zircon, did...