Iofina issues trading update

Iofina said it produced 125.1 metric tonnes (MT) of crystalline iodine in Q3 2016, and has produced 380.7 MT year to date from its five IOsorb plants in Oklahoma.

"The Group remains on track to meet our production targets of 250-270 MT of crystalline iodine in H2 2016," it said in a statement.

"As recently communicated, Iofina and its partners have completed improvement projects at three plants during the Period.

"The design improvements will provide a more consistent brine input to our IOsorb plants, which is necessary under a changing regulatory environment. Iofina continues to work closely with its partners on a variety of strategies to maximise productive throughput at all of its IOsorb plants.

"In addition, Iofina Chemical has performed well in a competitive market, selling the Company's IOflo iodine along with Iofina's portfolio of iodine and specialty halogen derivatives, to customers worldwide."