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Iofina reported a 10% jump in iodine output in the first half of the year on improved efficiency and better weather conditions which had weighed on performance during the first quarter of the year.
In the first half of the year, the company produced a total of 286.7 metric tonnes of crystalline iodine, up 9.8% on last year.
The rise in output comes on the back of a significant jump in Q2 output from the previous quarter. First-quarter production had been weighed down by winter weather conditions and a fall in efficiency at its IO#6 plant.
The upbeat results come as Iodine prices continued to rise throughout the first half of 2019 due to tightness in supply in a market which continued to see solid demand.
Iodine prices in the latter half of Q2 and into early Q3 were trending upward and most spot market iodine sales are now over $30 a kilogram, a significant rise since this time last year, where spot iodine prices were approximately $25/kg at the start of Q3 2018.
Iofina expects said it expected second half 2019 production from its current plants to total between 305-325 MT of crystalline iodine.