"Kenya’s titanium exports are expected to remain steady in
2017, as we have reached optimum production levels," Base
Titanium General Manager Joe Schwarz said.
The mining firm, which is a subsidiary of Australian mining
giant Base Resources, exports all its production as there is no
Schwarz said that globally, the titanium oxide pigment
industry has firmed up over the past year.
"Consequently ilmenite prices are expected to stabilize at the current healthy
levels for the foreseeable future," he added.
He noted that most of the mineral will be sold in China.
Over 95 percent of global ilmenite
is currently used in the manufacture of paints
Over 95 percent of global ilmenite production is used in the
manufacture of pigment which is a key ingredient in the
production of paint.
This year, Base Titanium also plans to export 91,000 tons of
rutile, which contains over 95 percent titanium oxide.
Schwarz said that despite strong global demand, the large
inventory of high grade titanium oxide feedstock has resulted in
a moderate price improvement for rutile.