This is from a June presentation by ILU but I believe AZC zircon is bagged which adds a premium. "TZMI has recently lifted its long term pricing forecasts for all Mineral Sands Products Based on industry research and consulting body, TZMI, first half 2008 pricing indication (metric tonne)1: - Rutile (bulk): high US$400s FOB - Synthetic Rutile: low US$400s FOB - Zircon (bulk) mid US$700s FOB - Sulphate Ilmenite: low US$100s FOB • TZMI are forecasting that zircon prices will increase by US$50-70/t in the second half of 2008 and forecasts further increases in 2009 for zircon (Please note - these are TZMI price forecasts - Iluka does not disclose pricing forecasts) • Iluka tactically declined to contract some of its planned 2008 zircon volumes and, as such, has a price reset opportunity in the second half of 2008 on those volumes
AZC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
