Kenmare - No surprise in Q2 and H1 operational outcome

Davy Research
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Today’s production update from Kenmare contains no surprises. Production outcomes were as expected on the mining and processing side and the capital projects to ensure long-term output of 1.2m tonnes of ilmenite per annum are on track (schedule and budget). Comfortingly, the end market for titanium feedstocks continues to improve, with higher demand levels creating tightening markets.