Announcement today regarding the recent CTIEC delegation:
Key points:- agreement for CTIEC turnkey proposal for the China plant to be finalised by end of June. This information is necessary for finalisation of the Feasibility Study and preparatory to final agreements. Resolution getting closer
- Significant recent prices on spot market in China. Zircon up by over 10% since March. Ilmenite up by even more. The strength of the AUD is not helpful for us but the magnitude of these rises is tilting the economic incentive for the Chinese to act back in our favour. Further rises will see them keen to lock us in rather than the dallying that has occurred.
Perhaps 2 months until final contracts?
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