[Raw Materials] Zircon Wanes Amid Economic Turbulence

This article reports that the zircon market has been strong over the last few years, however, more recently a slightly different picture has begun to emerge. Demand has waned and oversupply is now an issue. Huge stockpiles of the mineral sand have appeared across the world, causing producers to reassess their prices and scale back production. Most recently, Iluka Resources Ltd and Rio Tinto Plc both auctioned zircon sand far below their previous asking prices.