Iofina PLC - London-based iodine producer - Updates on quarter one. Continues to perform well with Iofina Resources producing 107.1 metric tonnes of crystalline iodine from its IOsorb iodine plants in the quarter, up 3.3 metric tonnes from the first quarter of 2022, despite cool temperatures and weather-related downtimes. Notes demand for iodine remains strong supported by a further expansion in the customer base. Points out the iodine spot price remained steady at around $70 per kilogram and prices are expected to stay at these levels into the second half of 2023. Continues to work on other growth projects.

Copyright 2023 Alliance News Ltd. All Rights Reserved.