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DuPont raising price of titanium oxide
DuPont Co. unit DuPont Titanium Technologies said Tuesday it will raise the price for all grades of its DuPont Ti-Pure titanium dioxide grades, effective April 15.
The price hike of 80 euros ($126.41) per metric ton will apply to all product sold in Central and Eastern Europe, Turkey, Greece and North Africa.
Shares of DuPont Co. rose 29 cents to $47.05 shortly after the opening bell. AP
Kenmare Resources "buy," target price reduced
Analysts at Canaccord Adams maintain their "buy" rating on Kenmare Resources Plc (KMR-GBX). The target price has been reduced from £0.75 to £0.65.
In a research note published this morning, the analysts mention that the company is taking steps to resolve the start-up commissioning difficulties at its MOMA
mineral sands project in Mozambique. Kenmare Resources is targeting ilmenite production of 20Kt in March, growing it to 65Kt by December. The downward revision in the target price reflects a delay in production, a rise in operating costs and
rising interest charges, Canaccord Adams says. newratings.com
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Phu Yen to construct titanium cinder plant
The Vietnam Kenee Mineral Co. broke ground in the construction of a titanium cinder plant with a total investment capital of 65 billion VND (4 million USD).
Located in Dong Bac Song Cau, in the central province of Phu Yen , the factory hopes to be operational by year end.
The factory plans to produce 5,500 tonnes of titanium cinder and 2,700 tonnes of pig-iron in the first phase.
It will expand this to 20,000 tonnes of titanium cinder and 10,000 tonnes of pig-iron in the second phase. Vietnam News Agency
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Kenmare Resources 2007 loss widens, sees full production at Moma in last quarter
Kenmare Resources Plc. said its loss for the full year 2007 widened mainly due to foreign exchange losses on euro-denominated debt and the company's corporate operating costs, net
of interest earned.
The company posted a pretax loss of $9.63 million for the year ended Dec 31 compared with $4.33 million last year as its operating expenses rose to $12.56 million compared with
$7.26 million last year.
The company also said it now expects the ramp-up at its Moma Titanium minerals mine in northern Mozambique will continue through 2008, full production rate being achieved in the
last quarter.
Kenmare said while it has experienced some cost increases caused mainly by salary and fuel costs, it is very confident that its Moma mine will achieve its targeted production rates
in 2008 and attain its predicted Thomson Financial
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INGOTS TITANIUM, BARS 5V
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(without mechanical properties) |
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CHEMICAL COMPOSITION OF THE TITANIUM ALLOY 5V ACCORDING TO OST 1 90013 - 81 |
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AL |
V |
FE |
MO |
SI |
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4.4-6.0 |
1.0-1.9 |
0.25 |
0.7-1.4 |
0.12 |
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น |
Dimension, mm |
Weight,kg |
Surface Condition |
| 1 |
480 x 1830 |
1469.00 |
turned |
| 2 |
485 x 1600 |
1318.00 |
turned |
| 3 |
480 x 1670 |
1321.00 |
turned |
| 4 |
500 x 1900 |
1542.00 |
turned |
| 5 |
475 x 1800 |
1451.00 |
turned |
| 6 |
480 x 1604 |
1298.00 |
turned |
| 7 |
470 x 1785 |
1398.00 |
turned |
| 8 |
485 x 1820 |
1501.00 |
turned |
| 9 |
480 x 1835 |
1480.00 |
turned |
| 10 |
500 x 1845 |
1555.00 |
turned |
| 11 |
500 x 1860 |
1540.00 |
turned |
| 12 |
490/500 x 1865 |
1558.00 |
turned |
| 13 |
470 x 1610 |
1230.00 |
turned |
| 14 |
485 x 1660 |
1365.00 |
turned |
| 15 |
480 x 1575 |
1253.00 |
turned |
| 16 |
480 x 1305 |
1055.00 |
turned |
| 17 |
475 x 1570 |
1229.00 |
turned |
| 18 |
470 x 1810 |
1412.00 |
turned |
| 19 |
480 x 1700 |
1352.00 |
turned |
| 20 |
510 x 1905 |
1759.00 |
forged |
| 21 |
505 x 1815 |
1662.00 |
forged |
| 22 |
500 x 1815 |
1663.00 |
forged |
| 23 |
500 x 1900 |
1714.00 |
forged |
| 24 |
500 x 1920 |
1702.00 |
forged |
| 25 |
500 x 1960 |
1775.00 |
forged |
| 26 |
500 x 1900 |
1723.00 |
forged |
| 27 |
510 x 1960 |
1807.00 |
forged |
| 28 |
500 x 1650 |
1536.00 |
forged |
| 29 |
500 x 2000 |
1780.00 |
forged |
| 30 |
510 x 1960 |
1807.00 |
forged |
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Total |
45255.00 |
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THE BARS OF 5V ALLOY MAY BE APPLIED INSTEAD OF GRADE-9 MATERIAL
Manufacturer of titanium ingots, tubes, bars Grade1, Grade2, Ti6AL/4V
We take orders for manufacture and supply of following titanium ingots:
a) Titanium ingots Grade 1
b) Titanium ingots Grade 2
c) Titanium ingots Ti6Al/4V
d) Titanium slabs Grade1
e) Titanium slabs Grade2
f) Titanium slabs Ti6AL/4V
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NEWS
Kenmare Resources: First export of product from the Moma titanium mine completed >>>
Kobe Steel to start up new titanium melt shop in January; Investments in upstream and downstream operations raise production cap >>>
Shares of Titanium Metals jump as 1Q meets expectations
Shares of Titanium Metals Corp. jumped Wednesday, a day after the company reported first-quarter profit fell 46 percent but
still met analyst expectations.
Shares jumped $2.53, or 16 percent, to $18.37 in midday trading.
The Dallas company blamed its declining earnings on a global titanium capacity increase and delays by Boeing in buying products
for its 787 plane. Net income for the three months ended March 31 declined to $40.3 million, or 22 cents per share, from $75 million, or 41 cents per share. Revenue fell to $293.7 million from $341.7 million.
On average, analyst surveyed by Thomson Financial forecast a quarterly profit of 22 cents per share and revenue of $294.2
million.
Titanium Metals said increases in global titanium sponge capacity and manufacturing activity for titanium products increased
availability of titanium sponge and scrap. That, in turn, cut costs for such raw materials, which then produced lower selling prices.
"Recently announced changes in the production schedule for the Boeing 787 Dreamliner are expected to impact customer inventory
levels and product mix and contribute to additional fluctuations in demand over the near term," the company said in a statement.
Citi Investment Research analyst Brian Yu said pricing was better than he expected and that the company's prospects were bright.
"(The company) appears well positioned to benefit from continuing growth in (titanium) demand from the commercial aerospace
market, even though the growth profile is more gradual than previously expected," Yu wrote. AP
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