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Iofina ‘well-placed’ for iodine price pick-up, says CEO Tom Becker

Published: 07:53 01 Oct 2015 EDT

Tom Becker, chief executive of Iofina (LON:IOF), says the company is in good shape to take advantage of an anticipated iodine price rise.

The US-based firm is continuing to reduce costs, improve production and be as efficient as possible given the weak price of the chemical element.

The company's losses have been reduced to in the first six months of 2015 from US$1.3mln a year earlier.

During the same period, Iofina achieved record iodine production across the group, notching up the highest level of crystalline iodine produced in its history.

Iofina outlook for 2024 "looks very good"

Iofina PLC (AIM:IOF, OTC:IOFNF) CEO Dr Tom Becker speaks to Thomas Warner from Proactive after the iodine producer released a Q4 2023 Corporate Update showing another year-on-year increase in iodine production of around 560 metric tonnes. Becker attributes the growth to the consistent...

on 01/16/2024