Iluka output cuts alter Ti feedstock outlook
Aug 30, 2012 | 05:21 PM
| Frank Haflich
Tags
titanium,
titanium sponge,
Iluka Resources,
David Robb,
rutile,
pigment industry,
Frank Haflich
LOS ANGELES — A formerly bullish outlook for the price of some titanium sponge feedstock has been reversed as Iluka Resources Ltd. looks to cut back output.
Iluka told shareholders last week that it will adopt measures "to reduce high-grade titanium dioxide production in the light of weaker second-half demand." These measures will include delaying the planned fourth-quarter reactivation of the company’s third synthetic rutile kiln, as well as "moderating" run rates at Iluka’s two operating kilns, the Perth, Australia-based miner said.....
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