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Mineral sands markets are in a good position, fundamentally speaking - demand remains reasonably robust; prices have been rising over the course of 2021 and 2022; and supply is unlikely to increase.
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Operations by African mineral sands producer Base Resources at Kwale in Kenya have been impeded by recent heavy rainstorms, the company said on Monday June 6.
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Strong demand coupled with tight supply continued to push zircon prices up in the month to Thursday May 5, market participants have told Fastmarkets.
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Australia-focused mineral sands miner Image Resources has recorded a 37% decrease in production of heavy mineral concentrate (HMC) and a 38% decrease in HMC sales for the first three months of 2022, compared with the final three months of 2021.
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Titanium dioxide and inorganic chemicals producer Tronox achieved stronger revenue in the first quarter of 2022 thanks to rising prices for its products, the company said in its first quarter financial results report.
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International mineral sands mining company Iluka Resources achieved a year-on-year increase of 44% in the production of zircon, rutile and synthetic rutile in the first three months of 2022, it said in its latest quarterly review.
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Guangdong Orient Zirconic Ind Sci & Tech Co (OZC) intends to increase its shareholding in Australia-focused mineral sands miner Image Resources.
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Africa-focused mineral sands producer Base Resources has reported a decrease in the volumes of ore mined in the first quarter of 2022, both year-on-year and quarter-on-quarter.
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International mineral sands company Iluka has received board approval for the third phase of its Eneabba rare earths refinery project, the company said on Monday April 4.
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Australia-focused mineral sands miner Image Resources will carry on with the current composition of its board of directors, after an extraordinary general meeting on Thursday March 24 at which none of the six resolutions proposed by shareholder Murray Zircon were approved.
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Titanium minerals and zircon producer Kenmare Resources achieved an 87% increase in revenues and almost tripled its earnings before interest, taxation, depreciation and amortization (Ebitda) year-on-year in 2021, the company said in its preliminary results report for the year, published on Wednesday March 23.
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Australia-focused mineral sands miner Image Resources recorded a 21.79% year-on-year decline in its after-tax net profit in 2021, it said in a financial report for the year.
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Indonesia-focused zircon producer PYX Resources achieved a 43.6% increase in gross profit year-on-year, and a 68.7% decrease in its net loss, for the full year in 2021, it said in its annual financial report published on Wednesday March 16.
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The mineral sands market is experiencing rising nervousness on Thursday March 3 over the impact of Russia's invasion of Ukraine, industry participants said.
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International mineral sands company Iluka Resources has reported an 85% year-on-year increase in its mineral sands earnings before interest, depreciation, taxation and amortization (Ebitda) for the full year 2021, the company said in its annual results release.
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Indonesia-focused zircon producer PYX Resources achieved a 33% year-on-year increase in premium zircon production in the fourth quarter of last year, it said in its full-year report for 2021.
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Australia-focused mineral sands miner Image Resources will hold a general meeting of shareholders to consider resolutions including the removal of current chairman Robert Besley, managing director Patrick Mutz and non-executive director Chaodian Chen, on Thursday March 24 at 10.00 Western Australia time.
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Zircon prices rose across both the premium and standard-grade markets in the month to Thursday February 3, with market participants reporting supply tightness alongside expectations of reasonable strength in demand.
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Australia-focused mineral sands miner Image Resources achieved an 83% quarter-on-quarter increase in heavy mineral concentrate (HMC) production in the three months ended December 2021, the company said in its quarterly activities report.
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Oliver Hasler, chairman and chief executive of Indonesia-focused zircon producer PYX Resources, shares his view of what the future holds for the mineral against the backdrop of the growing push toward global decarbonization.
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Africa-focused mineral sands producer Base Resources achieved “operational consistency” at its Kwale mine in Kenya in the fourth quarter of 2021, the company said in its operational, development and corporate update for the three months ended December 31.
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International mineral sands company Iluka Resources achieved quarter-on-quarter production increases for both zircon and rutile in the fourth quarter of last year, the company said in its quarterly review for the three months ended December 31, 2021.
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Australia-focused mineral sands miner Image Resources has completed the acquisition of a package of mineral sands tenements in the Eneabba mining district in Western Australia, the company said.
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Titanium minerals and zircon producer Kenmare Resources achieved records for safety, production and sales in 2021, the company said in a trading update for the full year and fourth quarter ended December 31, 2021.
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Zircon producer PYX Resources has commenced production and sales of natural rutile from its Mandiri deposit in Central Kalimantan, Indonesia, as a by-product of its primary zircon production operation, the company has said.
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Sulfate-grade titanium dioxide prices rose in the week to Thursday January 6, with reports of price increases from Chinese sellers, alongside ongoing expectations of supply decreases in the coming weeks.
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Zircon prices climbed slightly on both a cif China and a cif Spain basis in the week to Thursday December 2, with high freight rates continuing to be significant.
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Zircon producer PYX Resources, which is listed in both London and Australia, has increased by 33% the production capacity of the mineral separation plant (MSP) at its Mandiri deposit in Indonesia, it said on Wednesday December 1.
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Fastmarkets is inviting feedback from the industry on its pricing methodology for industrial minerals, as part of its announced annual methodology review process.
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Mineral sand miner Kenmare reported a sharp rise in revenues and profits on August 18. Post-tax profits soared by 278%, boosted by higher mineral sand pricing and rising production.
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Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals in South Africa due to an escalation in the security situation at the operations.
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South Africa will move to an adjusted alert level 4 lockdown for 14 days from Monday June 28, President Cyril Ramaphosa said in an address to the nation on Sunday June 27.
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The United Kingdom and Australia secured a free-trade deal on Tuesday June 15, the first agreement negotiated from scratch since Britain's departure from the European Union.
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A manager at South African mineral sand miner Richards Bay Minerals, which is owned by Rio Tinto, has been killed on his way to work, the company has confirmed.
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Australian mineral sands junior Strandline Resources has signed binding agreements for all its planned production.
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A summary of ArcelorMittal's financial results for January-March 2021.
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Industrial mineral group Imerys attributed rising revenues and income in the first quarter of 2021 to a recovery in the global economy and in its end markets.
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After a consultation period, Fastmarkets has decided to reduce the frequency of its mineral sand pricing.
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Mineral sand miner Kenmare reported rising production and sales in the first quarter of 2021 in its production results released on Thursday April 15.
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Rallying Chinese titanium dioxide prices so far this year are driven by feedstock shortages and robust economic activity, sources told Fastmarkets on Thursday April 8.
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Fastmarkets proposes to reduce the frequency of its mineral sand price assessments.
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UK-registered refractory producer Vesuvius reported a sharp drop in demand for its products in 2020, driven by a slowdown in global economic activity in the wake of the Covid-19 pandemic.
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Global crude steel output increased by 4.8% year on year to 162.9 million tonnes in January 2021, the World Steel Association (Worldsteel) said on February 26, marking the third monthly consecutive increase.
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Mineral sand miner Base Resources has reported a net loss for the second half of 2020 in a results statement released on Monday February 22, although the price of mineral sand products showed strength in the period.
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All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil (VLSFO), the company said on Wednesday February 17.
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Demand for steel in the European Union is expected to rebound by 13.3% year on year in 2021 after a 13% slump in 2020, the European steel association Eurofer said last week.
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The prospects for the global long steel market in 2021 remain rather optimistic despite some fluctuations, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday February 10.
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Mineral sand miner Base Resources has reported a recovery in ilmenite demand, after demand for pigment stayed resilient through 2020.
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Mineral sand miner Iluka has reported sharply lower sales of zircon in 2020 with demand from China plummeting.
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Mineral sand miner Kenmare has forecast increases in output in 2021 after upgrading its facilities at Moma, Mozambique.
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