Iofina Cuts Production Outlook After Weaker Third Quarter
Iofina produced 205.2 metric tonnes of crystalline iodine in the three months to September, down 4.9% from 215.8 tonnes a year earlier. Lower-than-expected water volumes at its Oklahoma plants affected production.
The AIM-listed company produced 205.2 metric tonnes of crystalline iodine in the three months to September, a 4.9% decline from 215.8 tonnes in the same period a year earlier. Iofina attributed the lower production to water volumes at its Oklahoma plants coming in below expectations, as well as delays in completing an additional brine…