WORRIED about copper? Frantic about zinc? Then think zircon. Between 2000 and 2007 it tripled to $US900 a tonne. That was only the beginning.
Last week, Iluka Resources (ILU) reported its first-half results showing it received an average $US1450/tonne for zircon. Those results also showed that, by July, the price was above $US2000 per tonne and you hear plenty of talk around the sector that contracts being set at $US3000 are not far away.
In a recent announcement, Alkane Resources (ALK) noted that strong zircon demand, combined with a tightening supply, had fuelled a dramatic increase in prices. Contracted zircon prices from mineral sands companies were $US1700 to $US2000/tonne in the June quarter while spot prices hit $US3200/tonne, it reported. Read More
The Australian
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