Kenmare - Rio Tinto and Iluka report jump in production and sales volumes

Davy Research
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Q1 updates from Rio Tinto and Iluka are further evidence that the cycle has turned upwards for titanium dioxide feedstock producers. Iluka’s share price jumped 11% overnight on the back of its Q1 update. Most things prove to be cyclical, and some of the greatest investment opportunities (for gain and loss) come when people forget this. Our assessment of Kenmare’s share price is that it has been left behind despite the clear and substantial improvement in its market. The stock provides a great investment opportunity.