Shares in Kenmare Resources fell by 8.6 per cent in London trading after an Australian-listed peer, Iluka Resources, cuts its sales forecasts for zircon and titanium dioxide.
In Dublin, the shares were down 5.7 per cent by 08:10 am as Iluka warned that deteriorating conditions in key markets had dampened the outlook.
A deterioration in the Chinese property market and weaker-than-expected demand from key Mediterranean markets has affected the outlook for zircon sales while lower European demand is...
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