Argex receives updated Titanium Dioxide pricing forecasts
MONTREAL, Aug. 31, 2011 /CNW/ --
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
-- TiO(2) global price is now expected to reach $6,000 per metric
tonne by 2015
MONTREAL, Aug. 31, 2011 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) has received an updated price forecast to the 'Global TiO(2) Profile Report' by Gary Cianfichi of Ti Insight, LLC. The updated price
forecast for high quality Titanium Dioxide (TiO(2)) pigment exceeds $6,000 per metric tonne in 2015 for all global sales
regions. This is a significant increase from the previously forecasted
2015 global price for TiO(2 )of $4,800 per metric tonne in last year's report.
The forecast is based on Ti Insight's assessment of TiO(2) market dynamics and built by region into a global average annual price
forecast.
Rising TiO(2) pigment prices are being driven by favourable supply and demand
dynamics and by rising input costs, titanium ore costs in particular.
The rate of TiO(2) pigment price increases slows over time, consistent with forecasted
increases in TiO(2) supply, yet TiO(2) industry utilization rates are expected to remain at levels high enough
through the forecast period for prices to increase in each of the
forecasted years, barring a significant global economic slowdown.
On a constant dollar basis, TiO(2) pigment prices in 2011 are just now reaching price levels obtained in
1980 and they remain well below the peak prices levels of 1989 and
1990. The graph below provides a perspective of TiO(2) price levels over the past 30 years on both a nominal and constant 2010
dollar basis. Prices in 2011 would need to increase by approximately
30% to reach the peak constant dollar level obtained in 1989.
About Ti Insight LLC
Ti Insight, LLC is a Titanium Dioxide consulting company formed by Gary
Cianfichi and Augustus Williamson, both executives with a combined
fifty years of experience in TiO(2) industry marketing, sales, strategic planning, competitive
intelligence, supply chain, communications and business management
functions.
About Argex Mining Inc.
ARGEX MINING INC. has recently transitioned from a mining exploration
company to a near-term producer of commodities that the world needs:
Titanium Dioxide, Iron and Vanadium Pentoxide. With a primary goal of
advancing rapidly towards production, Argex has adopted a simple and
low risk strategy for the scale-up of its proprietary process that
allows it to produce high purity TiO(2) directly from its 100% owned deposit.
The process is running continuously at the company's mini-plant in
Mississauga, Ontario. The closed-loop process is environmentally
friendly and produces minimal inert tailings.
Additionally, the company owns 100% of the Mouchalagane property which
is a large Labrador Trough iron ore property that represents further
potential upside for the Argex shareholders.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Image with caption: 'TiO2 World Annual Average Price Forecast (CNW Group/ARGEX MINING INC.)'. Image available at: http://photos.newswire.ca/images/download/20110831_C7450_PHOTO_EN_2689.jpg
Image with caption: 'Global Annual Average TiO2 Price (CNW Group/ARGEX MINING INC.)'. Image available at: http://photos.newswire.ca/images/download/20110831_C7450_PHOTO_EN_2690.jpg
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Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-788-8923
roy@argex.ca
Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-788-8923
roy@argex.ca
Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-788-8923
roy@argex.ca