Rutil priser fortsetter opp

krissov
NOM 24.03.2024 kl 13:47 1431

Titanium Dioxide Feedstocks
Q3 2023 sales of synthetic rutile were 27kt, with year to date sales of 144kt in line with the ‘take or pay’ contracts in place for Iluka’s
SR2 production and some spot sales.
In the titanium dioxide pigment market, production at idled chloride plants in Europe has restarted, however rates remain below
seasonal norms as chloride pigment producers seek to match production with demand.
Downstream pigment prices (in the US and Europe) continue to remain stable despite the lower demand environment as producers
match production with demand. In China, three consecutive pigment price increases have been announced since August as inflation
pushes producers to seek higher prices to offset rising input costs.
Infrastructure spending by emerging economies, including India, is supporting continued demand growth for rutile into the welding
market. The titanium sponge market is also experiencing strong demand, reflecting increased activity in the aerospace industry and
restricted supply from Russia.
As previously announced, Iluka will pause production at its SR1 kiln from Q4 2023, coinciding with the planned MMO at SR2. This pause
will assist Iluka in matching synthetic rutile production with demand. Synthetic rutile inventory built during the year to date will enable
Iluka to service sales contracts in Q4 2023, with the company having ~200ktpa on average of synthetic rutile production under ‘take or
pay’ arrangements to 2026. Both kilns will restart in late January 2024.
The Q3 2023 rutile price was US$1,908 per tonne (noting that Iluka’s sales of rutile are almost exclusively to the welding market) and
synthetic rutile US$1,262 per tonne
https://www.iluka.com/media/olrowzmk/iluka-resources-september-quarterly-review-2023.pdf
Fantilopen
24.03.2024 kl 14:33 1372

Dersom NOM selger 36 kTonn rutil til 1908 $/tonn samt 150 kTonn granat til 240 $/tonn så vil det rettferdiggjøre en aksjekurs på 58 kroner ved en PE=8 og de utgiftene de har skissert i UDFS.
Dette forutsetter en dollarkurs på 10,80kr
Audietron
24.03.2024 kl 14:58 1325

Høyres ut som at det er gode fremtidsutsikter.👍
invester
02.05.2024 kl 11:03 685

Både rutileprisen og dollarkursen er langt over det NOM la til grunn i sine prognoser som ga en årlig EBITDA på over en halv milliard MNOK fra neste år.

Selskapet er fortsatt kraftig underpriset og med denne markedsverdien og fremtidig inntjening så er et potensielt oppkjøp tilbakebetalt i løpet av 4-5 år!!
NOM har jo som kjent allerede solgt all utvinning de neste 5 årene.

EDIT: "en halv milliard"
Redigert 02.05.2024 kl 11:11 Du må logge inn for å svare
Audietron
03.05.2024 kl 12:52 421

Virker som at nokon ikkje vil ha opp kursen. Spørs kor lenge man klarer å holde den nede.