Despite the challenge of cowid-19, the sales volume of heavy ore still increased by 18% month on month

Feb.02 2021      Source:ruidow

Keywords:zircon

Heavy mineral concentrate (HMC) sales up 18% QoQ for a new quarterly record of 109.6kt. Sales for CY2020 of 306.0kt were within guidance of 300-330kt despite 1H challenges stemming from the onset of COVID-19.

HMC average realised price remained relatively unchanged at A$521/t HMC versus $526/t for Q3.

HMC inventory decreased by 32kt to end the quarter at 51kt. Strong demand for Boonanarring HMC product has continued through Q4 2020 and into Q1 2021 with a recent 8% increase in TiO2 prices (offset by higher FX) and an increasing excess of demand over supply expected to result in ZrO2 price increases in 2021.