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White Mountain Titanium Corp (WMTM) |
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White Mountain Titanium's Customers Performance
WMTM
Customers of White Mountain Titanium Corp saw their costs of revenue deteriorate by -22.91 % in Q3 compare to a year ago, sequentially costs of revenue grew by 1.78 %, for the same period White Mountain Titanium Corp
• List of WMTM Customers
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Customers Net Income fell in Q3 by |
Customers Net margin fell to % |
-35.77 % |
7.24 % |
White Mountain Titanium's Comment on Sales, Marketing and Customers
Titanium is the ninth most abundant element, making up about 0.6% of the earth’s
crust. Titanium occurs primarily in the minerals anatase, brookite, ilmenite,
leucoxene, perovskite, rutile, and sphene. Of these minerals, only rutile, ilmenite
and leucoxene, an alternation product of ilmenite, have significant economic importance.
Both rutile and ilmenite are chemically processed to produce both titanium dioxide
pigment and titanium metal.
Approximately 95% of titanium is consumed in the form of titanium dioxide concentrate,
primarily as a white pigment in paints, paper, and plastics. Titanium dioxide
pigment is characterized by its purity, refractive index, particle size, and
surface properties. The superiority of titanium dioxide as a white pigment is
due mainly to its high refractive index and resulting light-scattering ability,
which impart excellent hiding power and brightness.
Titanium metal is well known for its corrosion resistance, high strength-to-weight
ratio, and high melting point. Accordingly, titanium metal is used in sectors,
such as the aerospace and chemicals industries, where such considerations are
extremely important.
Our business is currently focused on the mining concessions which constitute
the Cerro Blanco property. These concessions host a hard rock rutile deposit
as opposed to ilmenite laden mineral sands deposits held by most of our competitors.
Rutile has a higher percentage of titanium oxide than mineral sands.
An assessment of historical data contained in the U.S. Geological Survey publication
“Titanium Minerals Handbook, 1970 - 2007” shows that world demand
for titanium dioxide pigments showed practically unbroken annual growth from 1.6
million tons in 1970 to 3.9 million tons in 2000. Demand declined to 3.7 million
tons in 2001, rebounded to approximately 4.0 million tons in 2002 and steadily
increased to approximately 4.9 million tons in 2007. Since 2007, demand for titanium
pigment has continued to grow together with installed capacity. In their Mineral
Commodity Summaries, “Titanium and Titanium Dioxide, January 2016”
the U.S. Geological Survey estimate 2015 world titanium dioxide pigment capacity
at 7.20 million tons, up from 6.56 million tons in the previous year.
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