Zirconium prices extend rally

Zirconium silicate prices have climbed to eight-year highs as rising demand and disruptions to zircon output are tightening the market, with prices expected to continue increasing.

The price range for 65pc-grade zirconium silicate was assessed this week at 15,000-15,500 yuan/t ($2,318-2,395/t) on an ex-works China basis, up from Yn14,500-15,000/t in the previous assessment on 15 June and its highest level since December 2012. Prices have climbed in five of the past seven weeks.

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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