AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
PERTH, March 3 Asia Pulse - The global economic downturn in 2001 is still having a negative impact on demand for titanium dioxide, according to a new report from AME Mineral Economics.
AME's new titanium minerals cost report said pigment producers such as Du Pont, Millennium and Kerr-McGee were battling tough market conditions after a 15 per cent slide in pigments prices in 2001 and early 2002.
"Faced with rising energy costs this year, they are attempting to gain some relief from the suppliers of the titanium minerals and the upgraded products (slag and synthetic rutile) that feed their plants," AME said.
Oversupply and weak market demand had forced major titanium mineral producers to cutback production last year and AME noted a Kerr-McGee plant in Alabama would close this year while Australia's Cable Sands had reportedly offered voluntary redundancies at its operations.
But despite global cutbacks, three new projects owned by industry newcomers were close to securing finance while a new slag smelter was being commissioned in South Africa.
"Development of these projects will broaden the supply base for pigment manufacturers and contribute to an ...