Rutile Price v Pigment Price

Rutile production is a massive driver for Iluka. This chart is in their Full Year 2017 Report out yesterday.






Base Production Guidance (from last Quarterly ann)






What Tim Carsten said in that quarterly about the Rutile price:





Every $100 increase to the Rutile price is $9.0m to the bottom line.



Worldwide production breakdown, SP Angel Research Report (last month).

Mined rutile production is driven by Australia (30%, Iluka Resources), Sierra Leone (23%, Sierra Rutile), Kenya (14%, Base Resources), Ukraine (13%, Ostchem) and South Africa (11%, Tronox and Rio Tinto).



There are numerous reports out of the U.S. in the past couple of weeks of further pigment pricing increases of around $130/t.



Pep