Iluka unfazed by demand slowdown
Sep 08, 2013 (The Australian - ABIX via COMTEX) --
Iluka Resources is confident that Chinese demand for commodities will remain strong. CEO David Robb said that there has been strong growth in China's consumption of mineral sands over 10 years. He said that demand will be stronger in the future as China moves to growth based on urbanisation, and this will lead to stronger prices. The company posted a profit of $A34.3 million for the first half of 2013, a fall of 87 per cent mainly due to weaker commodity prices.
Publication Date: 9 September 2013
ILUKA RESOURCES LIMITED - ASX ILU
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