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But a looming feedstock shortage has sustained fears of further supply constraints to come in 2018.
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IM's monthly price movements.
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IM's monthly price movements.
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The market for titanium dioxide (TiO2) faces a major chloride slag shortfall if production is not ramped up in the next few years, delegates at the annual TZMI conference in Hong Kong told Industrial Minerals.
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Trading remains quiet in the first week after the Chinese New Year holiday, but a number of industrial mineral miners have announced production update. Antimony trioxide spot prices increased while chromite held firm.
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China leads indications of market weakness and paints morose picture for feedstock minerals.
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Production rebounds from plant shutdown; Grand Cote completion reaches 80%
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Improvement seen in graphite, fluorspar prices; some markets struggle to pick up
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Valspar substituting over 20% chloride route products for Chinese sulphate route
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Titanium feedstock mineral hits new highs; market waits to see if it sticks
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Prices rise for zircon, rutile as downstream producers attempt to cover costs
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