- They produce a lot of Titanium Dioxide for use in food coloring, paints and other industrial purposes.
- The big appeal with Tronox is that they are a very low cost producer, with Titanium mines being part of their vertically integrated structure.
- Prices could increase for end-products in the market, but they are mining their own Ti when those prices are rising fast.
- While a good deleveraging story and cheap, they are exposed to some utility risks, so for now, we're not sure to bite on them.
For further details see:
Tronox Is A Good Deleveraging Story, But A Little Too Utility Exposed