Neville Prior 30 November 2011 10:29:31 AMThere has been a lot of commentary in the press about titanium dioxide this year. Of course, much commentary on prices, as they have escalated throughout the year, fuelled by increases in raw material prices. More recently, we have seen much talk about availability of raw materials. A recent article for instance, highlighted the potential issues facing DuPont in this regard. We should be under no miscomprehension, that all titanium dioxide producers face similar issues!
There is one notable exception, Tronox, who have agreed an acquisition deal with Exarro, that vertically integrates them into mining and initial refining of titanium baring ores. This is a very smart move, and positions Tronox quite uniquely in the industry, (with the possible exception of some Chinese producers). The future looks bright, (not just white), for Tronox.
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