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Iluka acquires stake in developer of low-cost titanium manufacturing process

1:14 PM MST | February 23, 2014 | Natasha Alperowicz

Iluka Resources (Perth, Australia) is acquiring an 18.3% stake in Metalysis (Rotherham, UK), a Cambridge University spin-off that is developing a low-cost titanium process, for A$22.5 million (US$20.3million). Iluka is the world’s largest producer of rutile and synthetic rutile, the high-grade titanium dioxide (TiO2) raw material, with operations in Australia and the United States. The deal secures a nonexclusive worldwide license to Metalysis’s process for producing titanium powder directly from rutile. Iluka says that it is attracted to...

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