the announcement by ILU today of an 80 % increase to their...

the announcement by ILU today of an 80 % increase to their High(say 98%) TiO2 (read Synthetic rutlie or Sr) product is very posiitve for MDL:
1 It confirms in the greatest possible way that projections for The SR price are correct.
2 because MDL will produce rutile directly.
3 MDL now is a 50/50 JV with Tyhssendal that produce 80%TiO2 slag.
4 Not only will Thyssendal get more for their slag product underpinning their profitability. It goes a long way to underpinning building of a third Slag smelting line to tap into the high SR prices.
Overall it underlines the correct and very positive decision for the JV. With Thyssendal to bring them close to end users and leverage margin gains on MLDS’ ilmenite. (Which not so long ago wasn’t being considered at all.)