Guys iluka knows what they are doing. Yes a small slow down in...

Guys iluka knows what they are doing. Yes a small slow down in demand for Zircon. This is short term.

Iluka since their present CEO Rob joined a few years ago have realised the power of being a price setter. They are very smart, cut production slightly so that zircon prices stay at $2,400 p/t.

Gun is very lucky that they are in an industry that one player (iluka) can turn the tap on & off so that prices at worst stay where they are, but most likely will rise again shortly. Iluka supply 60% of the worlds Zircon.

Zircon is such a small niche market that even if we enter GFC 2, Zircon prices will stay above $2,000 p/t, thanks in partly to Iluka.