Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Sierra Rutile looks to titanium as growth area

Mineral sands specialist Sierra Rutile sees demand for titanium, which is used in the aerospace and the auto industry to name but a few, growing.
Sierra Rutile looks to titanium as growth area
One high profile vehicle maker which uses a titanium underbody shield is US electric car maker Tesla...

Mineral sands specialist Sierra Rutile (LON:SRX) sees demand for titanium, which is used in the aerospace and the auto industry to name but a few, growing.

One research organisation has estimated that the global titanium dioxide market will reach an eye-watering US$31.19bn by 2022 owing to increasing use as a speciality coating in cars and photovoltaic systems, which convert solar energy.

It has also been found, when used in paints, to absorb nitrogen oxide, which causes smog, when it is exposed to sunlight.

One high profile vehicle maker which uses a titanium underbody shield is US electric car maker Tesla (NASDAQ:TESLA).

With 8.3 million tonnes of contained rutile,  which is a key source of titanium, the firm controls the largest natural rutile deposit in the world, noted City firm Numis recently, as it started covering the shares with a 'buy' rating.

It produced 126,000 tonnes of of rutile in 2015 - around 15% of world supply.

"SRL is one of the only ways to gain pure rutile exposure," noted analyst Phil Swinfen, who places a 35p target price on the shares.

He says it has an unrivalled opportunity to benefit from an uptick in heavy mineral prices, ahead of other producers.

The current price of Sierra Rutile is 16.75p.

Giles_55af4ddca6481.jpg
Why Invest In Sierra Rutile Ltd? Read More Here

Register here to be notified of future SRX Company articles
View full SRX profile

Sierra Rutile Ltd Timeline

Newswire
November 03 2016
Newswire
September 30 2016

Related Articles

lorry on a mine
January 04 2017
The explorer has several exciting joint ventures on the go in Europe
shutterstock_176799659.jpg
April 11 2017
"In one transaction, Golden Arrow has leapfrogged into producer status overnight...," said Grosso.
Uranium-periodic-table.jpg
April 06 2017
UEX Corp has built an attractive portfolio of projects on the Athabasca Basin and is now pressing forward with exploration work and economic evaluation

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use