Quote from TNG referral:
"The net result: miners will need higher prices for their products, costs that will be passed on to TiO2 producers. How fast will this occur? Figure 3 shows the depletion rate of natural rutile at existing mines. Although global sales are estimated at 700-800 ktpa, new projects are not keeping up with depleting resources – which increases demand for less cost-effective raw materials. The TiO2 industry needs titanium feedstock to produce the volumes required by the global coatings industry. Depletion will result in higher prices. Based on our hands-on experience and knowledge of the industry, TiPMC expects the cost to secure these critical feedstocks will be passed along to coatings companies and ultimately to consumers for the foreseeable future"
TNG Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
