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The price of Ilmenite is rising, page-3

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Zxc

3,434 Posts.

719

27/05/21

14:04

Post #: 53459375
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Originally posted by PICT: ↑

The price of ilmenite has been rising for several years now, this is one of the reasons I bought big into MRG Metals as people hadn't caught onto this yet, I maybe got in a bit too early and could have waited a while, but at least I am in and don't need to fight for shares

I've recently changed from using $250/t for Ilmenite to $275/t, but now it looks like I should be going even higher as in 2021 alone Ilmenite's price has risen 31%!!!!!!

It is now sitting well above $300/t as the screenshot from a recent Image Resources preso shows

It also shows why companies like SFX which is Zircon rich haven't really gone anywhere as the price has been dropping, but I'm sure it will increase again soon, it might also explain some of the bitterness towards MRG Metals from a certain poster

MRG Metals is an Ilmenite play, that is where the bulk of their profit will come from, it will also be great for Kenmare, who are also in Mozambique and have 68 % of their revenue coming from Ilmenite

https://www.kenmareresources.com/

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Thanks for the research, keep up the good work.

MRQ Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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