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Future starts to look up for titanium firm as prices soar
An earth mover collects titanium for further production at Base Titanium company in Kwale. The firm is on an expansion drive and has discovered additional resources at the southern part of the mine. PHOTO | LABAN WALLOGA
Local mineral producer Base Titanium is headed for a good run as ilmenite and rutile witness an upsurge in prices oversees.
The price of ilmenite has soared due to a dip in supply against an upswing in demand on the international market, while demand for zircon has strengthened owing to lower than anticipated global production of the ore. This has led to an increasingly tight market and solid price improvements this year.
