ILUKA: Intends to Cease MinSands Mining & Processing in the US at End-2015

摘要

The question now is whether the mineral sands industry will remain at the low end of the business cycle during 2015 or whether it is about to begin moving towards a mid-cycle state. At the Montreal Conference, Mr Gibney said: "After the spike, we are now (early October 2014) back to a new normal with rutile and synrutile prices. We are determined that we will not go back to cap-and-collar contracts (which restricted price flexibility) and we will never again sell our TiO2 feedstock at a loss."