Zircon prices are on the up

Mineral sands lack the sex appeal of the base and precious metals sectors of the ASX. That’s mainly due to the opaqueness around the pricing of the material which generally speaking, either gets gobbled up by the titanium pigment market as rutile, or in ceramics as zircon.

One of those moments has just arrived, with broad agreement emerging that rutile and zircon prices are on the up in response to COVID stimulus packages spurring greater economic activity at a time when under-investment in new mines is beginning to bite on the supply side of things.

Given the recent turmoil in the broader commodities space, it seems that the mineral sands sector could provide a safe harbour.

Kenmare Resources plc (LON:KMR) is an established mining company, which operates the Moma Titanium Minerals Mine, located on the north east coast of Mozambique.

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