Optimization will get you a couple of 2% higher, early 50% if you are lucky - nowhere near an industrial grade feedstock for a quality pigment. Period!
I'd call AVLs TFe a by-product = useless (might as well try and sell air)
I'd call TMTs T an attempt at a co-product = junk
What do you reckon @Therookie88 50% ilmenite is king ?
TMT Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held