BASE RESOURCES: Ilmenite Market Will Stay Tight, If Prices Stay at <$US 250/tonne

摘要

Swing suppliers include sources in Vietnam (which are subject to Government-determined export quotas) and sources of heavy mineral concentrates in Africa (and elsewhere), shipped for processing into final products at Chinese mineral separation plants. Mr Carstens replied: "Yes, there is that potential. But the ilmenite price needs to go north of $US 200 per tonne, up towards $US 240-250 per tonne, and sustain that for a while before everyone gets excited and you see significant swing supplies come in. Yes, there has been more concentrate supply coming out of Mozambique, but that has been building up for quite a while. There is nothing that we can see at the moment which is going to flood in, so we are pretty confident that ilmenite will remain in short supply for the foreseeable future."