World Zirconium Market - etude de marche

ZIRCONIUM MCP-1133
A GLOBAL STRATEGIC BUSINESS REPORT

CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3
Ceramics I-3
Refractories I-3
Foundry I-4
TV Glass I-4
Others I-4

II. EXECUTIVE SUMMARY

1. Global Market Overview II-1
Outlook and Trends II-1
Strong Chinese Demand and Restricted Supply Lead to Soaring
Prices II-1
Oversupply in Titanium Feedstock Curtails Zircon Sand Output II-2
Zirconium Dioxide Market Expands as New Uses Surface II-2
Market Structure II-3
Table 1: World Zircon Production by Companies (2006 E):
Percentage Breakdown of Market Share for Iluka, RBM, Ticor,
Namakwa, DuPont and Others (includes corresponding
Graph/Chart) II-3
Pricing Scenario II-3
World Mine Production, Reserves and Reserve Base II-4
Table 2: World Zirconium Mine Production by Geographic Region
(2004 & 2005): Percentage Breakdown of Volume Production for
Australia, South Africa, Ukraine, Brazil, India, China and
Others (includes corresponding Graph/Chart) II-4

Table 3: World Zirconium Mine Production by Geographic Region
(2000- 2005 E) in Thousand Metric Tons for Australia, South
Africa, Ukraine, Brazil, India, China and Others (includes
corresponding Graph/Chart) II-4

Table 4: World Reserves & Reserve Base (2005) in Million
Metric Tons for South Africa, Australia, Ukraine, United
States, India, China, Brazil, and Others (includes
corresponding Graph/Chart) II-5
Production II-5
Table 5: Leading Zircon Producers Worldwide: Percentage
Share Breakdown by Region/Country for 2005 (includes
corresponding Graph/Chart) II-6
Leading Producers of Zircon In Terms of Production Capacity
for 2005 II-6
Table 6: World Production of Zirconium Mineral Concentrates
(in Metric Tons) for Australia, South Africa, Ukraine,
Brazil, India, China, Russia, Malaysia, Indonesia and
Thailand: Historic Data for 2000 (includes corresponding
Graph/Chart) II-6
Leading Producers II-7
Australia II-7
Table 7: Leading Zircon Producers in Australia: Iluka,
Tiwest, CRL, CSL, Mineral Deposits Ltd, Currumbin Minerals
Pty Ltd, Historic Data for 2001 (includes corresponding
Graph/Chart) II-7
South Africa II-7

2. Product Overview II-8
Historical Review II-8
Properties II-8
Sources II-9
Zircon II-9
Grades of Zircon II-10
Baddeleyite/Zirconia II-10
Manufacturing Process II-10
Steps Involved in Kroll Process II-11
End-Use Applications: A Review II-11
Zirconium Consumption II-12
Fused Zirconia II-12
Unstabilized Zirconia II-12
Fully Stabilized Zirconia II-13
Partially Stabilized Zirconia II-13
Zirconium Metal II-13
Zirconium Powder II-13
Zirconium Sponge II-13
Zirconium Crystal bar II-13
Zirconium Chemicals II-13
Zirconium Alloys II-15
Zirconium Tungstate II-15
Partially Stabilized Zirconia II-15
ZAG Compounds II-15
A Note on Hafnium and Titanium II-15
Hafnium II-15
Titanium II-15

3. End-Use Analysis II-16
Ceramics - The Major End-User II-16
Zirconia Ceramic II-16
Refractories II-16
Foundries II-16
TV Glass II-16
Other Applications II-16
Applications of Other Zirconium Compounds II-17
Application in Nuclear Reactors II-17
Application in Electronics Industry II-17
Application in Chemical and Electrochemical Industry II-17
Usage of Zirconium Reactor Vessels in Manufacture of Urea
Fertilizer II-17
Zirconium�s Reaction in Sulfuric Acid II-17

4. Recent Industry Activity II-18
Astron Limited Enters into an Agreement with Yingkou Coastal
Industrial Base to Build a Chemical Plant II-18
Tosoh Corp to Augment Zeolite and Zirconia Powder Output II-18
Iluka Resources Enters into an Agreement with Far West Coast
Native Title Group II-18
Hop Long Investment and Trading JSC Commences Titanium Zircon
Mining II-18
TVEL to Increase Output of Zirconium and Other Metals II-18
PPG Industries Introduces a Zircobond, a New Pretreatment
Technology II-18
Westinghouse Electric to Restructure Blairsville Facility II-19
Titanium Corp�s Plans to Improve Mineral Processing are in
Progress II-19
Tosoh Corp to Build a High Silica Zeolite Plant and a Zirconia
Powder Plant II-19
Bao Tai Group and State Nuclear Power Technology Company
Commissions State Nuclear Precious Titanium and Zirconium
Shareholding Company II-19
Astra Tech Launches Atlantis� Abutment in Zirconia II-20
Australian Zircon to Expand Production at Mindire Zircon Mine II-20
Iluka Resources Reports a Fall in Zircon Production II-20
Gunson Resources Ltd Enters into a MoU with CITEC II-20
Guangdong Orient Zirconic to Construct a A1-Y Zirconia Powder
Composites Project II-20
China Zirconium to Commission a Zircon Mine II-21
Gunson Resources Enters into an Agreement with CTIEC II-21
Diatreme Resources Ltd Discovers Zircon and Leucoxene in
Cyclone HM Prospect II-21
Olympia Resources Buys a Zircon Concentrate and Gold
Processing Plant in Australia II-21
Astron Ltd to Divest its Zirconia Materials Business II-21
Bhalla Chemical Works Launches Two New Grades of Zirconia II-21
Industrie Bitossi Launches a New Milling Facility in China II-21
Jiangxi Jingan Hi-Tech Company to Construct a Zirconium
Oxychloride Plant in China II-22
Asia Zirconium Enters into an Agreement with Jiangsu Binhai
Economic Development Zone Chemical Industry Garden II-22
Ukraine to Build a Metallic Zirconium and Alloys Plant II-22
Rosspetssplav to Develop a Raw Material Base at Tara
Zirconium-Ilmenite Deposit II-22
Tioline Completes Phase-I Construction of the Mining and
Concentrating Complex II-22
Ganzhou Jinghuan Rare Earth New Material Co Receives Approval
to Build a Rare Earth Zirconium Plant II-22
Westinghouse Electric Co. Entered into a Contract with the
Government of China II-23
Alkane Exploration Changes Name to Alkane Resources II-23
Asia Zirconium Limited Changes Name to China Zirconium Limited II-23
Kumba Resources Changes Name to Exxaro Resources II-23
National Titanium Dioxide Company Announces Acquisition of
Millennium Inorganic Chemicals II-23
Altair Nanotechnologies Inks Agreement with Sulzer Metco II-23
Klyuchevsky to Invest in Zirconium Placer II-23
Tioline to Invest in Titanium-Zirconium Deposit II-23
Rename of AMR Technologies II-24
Smith & Nephew Launches Knee System Using Oxidized Zirconium
Alloy II-24
Kumba Resources Acquires Ticor SA II-24
Astron Plans to Expand Monoclinic Zirconias Capacity II-24
KNFC to Construct Zirconium Tube Plant II-24
Anglo American Approves Expansion of Namakwa Sands Facilities II-24
Astron Acquires Zirtanium�s Zircon Deposits II-24
Iluka to Invest A$43 Million in Gingin II-25
NFC to Commence Zirconium Plant II-25
Douglas Project Contract Awarded to Roche by Iluka II-25
Iluka to Invest A$270 Million in Murray Basin II-25
Alkane Exploration Ltd in a Joint Venture with Astron Limited II-25
DuPont�s Titanium Technologies and BeMax Sign Agreement II-25
Kenmare Resources Signs Sales Contracts for Zircon II-26
Krasnyj Vyborzhets Inks Contract with Thyssen Duro Metall II-26
Indian Rare Earths to Increase Zircon Capacity II-26
Astron Mining Increases Fused Zirconium Capacity II-26
Shandong Shuguang Sets Up Production Line II-26
Millennium Chemicals Starts a New Zirconia Manufacturing Plant II-26
Shanghai Zhenrong Chemical Industrial Forms Joint Venture with
Saint Gobain II-26
Cotter Teams up with CMS Energy II-27
Altair and CMS Sign Joint Agreement II-27
Tosoh to Double Capacity at Nanyo, Japan II-27
Jiangzi Anyi County Establishes New Zirconium Oxychloride Unit II-27
Tekhnotsentr to Develop Zirconium-Titanium Deposit in
Stavropol Region II-27
Jiangxi Jing'an Science & Technology Establishes Zirconium
Oxide Production Line II-27
Millennium Acquires Hanwha Chemical�s Zirconia Business II-27
Nippon Denko Expands Zirconium Oxide Capacity II-28
NFC Produces 200,000 Zircalloy-Clad Natural Uranium Oxide Fuel
Bundles II-28

5. Technological Developments II-29
Zirconium Oxygen Sensors II-29
Air/Fuel Sensor II-29
Zirconium-Ceramic II-29
Flap Discs II-29
Zirconia-Based Phases for Ion-Exchange Chromatography II-29

6. Focus on Select Players II-30
Alkane Resources Ltd. (Australia) II-30
Allegheny Technologies, Inc. (USA) II-30
Wah Chang (USA) II-30
Anglo American Plc (UK) II-31
Namakwa Sands Ltd (South Africa) II-31
China Zirconium (China) II-31
Astron Ltd (Australia) II-31
Astron Advanced Materials Ltd (China) II-32
Australian Zircon NL (Australia) II-32
Bemax Resources Limited (Australia) II-32
E.I DuPont (USA) II-32
Foskor Ltd. (South Africa) II-33
Iluka Resources Limited (Australia) II-33
Exxaro Resources Ltd (South Africa) II-33
Luxfer Group (USA) II-33
Neo Material Technologies Inc (Canada) II-34
Rio Tinto Plc (UK) II-34
Richards Bay Minerals (South Africa) II-34
Tosoh (Japan) II-34

7. Global Market Perspective II-35
Table 8: World Recent Past, Current & Future Analysis for
Zirconium by Geographic Region - USA, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), and Rest of World Markets
Independently Analyzed by Annual Sales for the years 2001
through 2010 in Thousand Metric Tons (includes corresponding
Graph/Chart) II-35

Table 9: World Long term Projections for Zirconium by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), and Rest of World Independently Analyzed by
Annual Sales for the Years 2011 through 2015 in Thousand
Metric Tons (includes corresponding Graph/Chart) II-36

Table 10: World Historic Review for Zirconium by Geographic
Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), and Rest of World Markets Independently Analyzed by
Annual Sales for the years 1991 through 2000 in Thousand
Metric Tons (includes corresponding Graph/Chart) II-37

Table 11: World 20-Year Perspective for Zirconium by
Geographic Region - Percentage Breakdown of Volume Sales for
USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
and Rest of World Markets for the years 1991, 1997, 2007 and
2010 (includes corresponding Graph/Chart) II-38

Table 12: World Recent Past, Current & Future Analysis for
Zirconium Consumption in Ceramics by Geographic Region - USA,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), and
Rest of World Markets Independently Analyzed by Annual Sales
for the years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) II-39

Table 13: World Long-term Projections for Zirconium
Consumption in Ceramics by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
World Independently Analyzed by Annual Sales for the Years
2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-40

Table 14: World Historic Review for Zirconium Consumption in
Ceramics by Geographic Region - USA, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), and Rest of World Markets
Independently Analyzed by Annual Sales for the years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) II-41

Table 15: World 20-Year Perspective for Zirconium Consumption
in Ceramics by Geographic Region - Percentage Breakdown of
Volume Sales for USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), and Rest of World Markets for the years
1991, 1997, 2007 and 2010 (includes corresponding Graph/Chart) II-42

Table 16: World Recent Past, Current & Future Analysis for
Zirconium Consumption in Refractories by Geographic Region -
USA, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
and Rest of World Markets Independently Analyzed by Annual
Sales for the years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) II-43

Table 17: World Long-term Projections for Zirconium
Consumption in Refractories by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
World Independently Analyzed by Annual Sales for the Years
2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-44

Table 18: World Historic Review for Zirconium Consumption in
Refractories by Geographic Region - USA, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), and Rest of World
Markets Independently Analyzed by Annual Sales for the years
1991 through 2000 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-45

Table 19: World 20-Year Perspective for Zirconium Consumption
in Refractories by Geographic Region - Percentage Breakdown of
Volume Sales for USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), and Rest of World Markets for the years
1991, 1997, 2007 and 2010 (includes corresponding Graph/Chart) II-46

Table 20: World Recent Past, Current & Future Analysis for
Zirconium Consumption in Foundries by Geographic Region - USA,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), and
Rest of World Markets Independently Analyzed by Annual Sales
for the years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) II-47

Table 21: World Long-term Projections for Zirconium
Consumption in Foundries by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
World Independently Analyzed by Annual Sales for the Years
2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-48

Table 22: World Historic Review for Zirconium Consumption in
Foundries by Geographic Region - USA, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), and Rest of World Markets
Independently Analyzed by Annual Sales for the years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) II-49

Table 23: World 20-Year Perspective for Zirconium Consumption
in Foundries by Geographic Region - Percentage Breakdown of
Volume Sales for USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), and Rest of World Markets for the years
1991, 1997, 2007 and 2010 (includes corresponding Graph/Chart) II-50

Table 24: World Recent Past, Current & Future Analysis for
Zirconium Consumption in TV Glass by Geographic Region - USA,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), and
Rest of World Markets Independently Analyzed by Annual Sales
for the years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) II-51

Table 25: World Long-term Projections for Zirconium
Consumption in TV Glass by Geographic Region - US, Canada,
Japan, Europe, Asia-Pacific (excluding Japan), and Rest of
World Independently Analyzed by Annual Sales for the Years
2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-52

Table 26: World Historic Review for Zirconium Consumption in
TV Glass by Geographic Region - USA, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), and Rest of World Markets
Independently Analyzed by Annual Sales for the years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) II-53

Table 27: World 20-Year Perspective for Zirconium Consumption
in TV Glass by Geographic Region - Percentage Breakdown of
Volume Sales for USA, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), and Rest of World Markets for the years
1991, 1997, 2007 and 2010 (includes corresponding Graph/Chart) II-54

Table 28: World Recent Past, Current & Future Analysis for
Zirconium Consumption in Other Applications by Geographic
Region - USA, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), and Rest of World Markets Independently Analyzed by
Annual Sales for the years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) II-55

Table 29: World Long-term Projections for Zirconium
Consumption in Other Applications by Geographic Region - US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), and
Rest of World Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-56

Table 30: World Historic Review for Zirconium Consumption in
Other Applications by Geographic Region - USA, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), and Rest of World
Markets Independently Analyzed by Annual Sales for the years
1991 through 2000 in Thousand Metric Tons (includes
corresponding Graph/Chart) II-57

Table 31: World 20-Year Perspective for Zirconium Consumption
in Other Applications by Geographic Region - Percentage
Breakdown of Volume Sales for USA, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), and Rest of World Markets for
the years 1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) II-58

III. MARKET

1. The United States III-1
A.Market Analysis III-1
Outlook III-1
Production III-1
Table 32: US Production of Milled Zircon and Zirconium
Oxide (2000-2004) (Volume in Metric Tons) (includes
corresponding Graph/Chart) III-1
Prices III-2
Table 33: US Zircon (ZrO2) (2000 - 2005 E) Prices (includes
corresponding Graph/Chart) III-2
Imports/Exports Scenario III-2
Table 34: Import Sources of Unwrought Zirconium by Country:
2005 (includes corresponding Graph/Chart) III-2

Table 35: US Imports of Zirconium ores and concentrates
(2001-2004) Percentage Breakdown for Australia, South
Africa and Others (includes corresponding Graph/Chart) III-2

Table 36: US Imports of Zirconium, Unwrought Including
Powder (2002-2003) Percentage Breakdown for Germany, China,
Japan and Others (includes corresponding Graph/Chart) III-3
Table 37: US Zircon (ZrO2) Imports (2001 - 2005 E) in
Metric tons (includes corresponding Graph/Chart) III-3
Table 38: US Zircon (ZrO2) Exports (2000 - 2005 E) in
Metric tons (includes corresponding Graph/Chart) III-3

Table 39: US Zirconium Exports by Class (2004 & 2005) in
Metric tons III-4

Table 40: Imports for Consumption of Zirconium by Class
(2004 & 2005) in Metric Tons III-4
Key Players III-4
Allegheny Technologies, Inc. III-4
Wah Chang III-5
E.I Dupont III-5
Luxfer Group III-5
Strategic Corporate Developments III-6
B.Market Analytics III-7
Table 41: US Recent Past, Current & Future Analysis for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-7

Table 42: US Long-Term Projections for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 2011
through 2015 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-8

Table 43: US Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-8

Table 44: US 20-Year Perspective for Zirconium by End-Use
Segment - Percentage Breakdown of Volume Sales for Ceramics
(Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-9

2. Canada III-10
A.Market Analysis III-10
Outlook III-10
Key Player III-10
Neo Material Technologies Inc III-10
Strategic Corporate Developments III-10
B.Market Analytics III-11
Table 45: Canadian Recent Past, Current & Future Analysis
for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-11

Table 46: Canadian Long-Term Projections for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-11

Table 47: Canadian Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-12

Table 48: Canadian 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-12

3. Japan III-13
A.Market Analysis III-13
Outlook III-13
Key Player III-13
Tosoh Corporation III-13
Historic Strategic Developments III-13
B.Market Analytics III-14
Table 49: Japanese Recent Past, Current & Future Analysis
for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-14

Table 50: Japanese Long-Term Projections for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-15

Table 51: Japanese Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-15

Table 52: Japanese 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-16

4. Europe III-17
A.Market Analysis III-17
Outlook III-17
Major Consumers III-17
B.Market Analytics III-17
Table 53: European Recent Past, Current & Future Analysis
for Zirconium by Geographic Region - France, Germany, Italy,
UK and Rest of Europe Markets Independently Analyzed by
Annual Sales for the years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-17

Table 54: European Long-term Projections for Zirconium by
Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets Independently Analyzed by Annual Sales for
the years 2011 through 2015 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-18

Table 55: European Recent Past, Current & Future Analysis
for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-18

Table 56: European Long-term Projections for Zirconium by
End-Use Segment - France, Germany, Italy, UK and Rest of
Europe Markets Independently Analyzed by Annual Sales for
the years 2011 through 2015 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-19

Table 57: European Historic Review for Zirconium by
Geographic Region - France, Germany, Italy, UK and Rest of
Europe Markets Independently Analyzed by Annual Sales for
the years 1991 through 2000 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-19

Table 58: European Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-20

Table 59: European 20-Year Perspective for Zirconium by
Geographic Region - Percentage Breakdown of Volume Sales for
France, Germany, Italy, UK and Rest of Europe Markets for
the years 1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-20

Table 60: European 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the Years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-21

4a. France III-22
Market Analysis III-22
Table 61: French Recent Past, Current & Future Analysis for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-22

Table 62: French Long-term Projections for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-23

Table 63: French Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-23

Table 64: French 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the Years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-24

4b. Germany III-25
Market Analysis III-25
Table 65: German Recent Past, Current & Future Analysis for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-25

Table 66: German Long-term Projections for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-26

Table 67: German Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-26

Table 68: German 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the Years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-27

4c. Italy III-28
Market Analysis III-28
Table 69: Italian Recent Past, Current & Future Analysis for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-28

Table 70: Italian Long-term Projections for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-29

Table 71: Italian Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-29

Table 72: Italian 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-30

4d. The United Kingdom III-31
A.Market Analysis III-31
Outlook III-31
Key Players III-31
Anglo American Plc III-31
Rio Tinto III-31
Historic Strategic Development III-31
B.Market Analytics III-32
Table 73: UK Recent Past, Current & Future Analysis for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-32

Table 74: UK Long-term Projections for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Salesfor the Years 2011
through 2015 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-32

Table 75: UK Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-33

Table 76: UK 20-Year Perspective for Zirconium by End-Use
Segment - Percentage Breakdown of Volume Sales for Ceramics
(Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the Years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-33

4e. Rest of Europe III-34
A.Market Analysis III-34
Outlook III-34
Strategic Corporate Developments III-34
B.Market Analytics III-35
Table 77: Rest of Europe Recent Past, Current & Future
Analysis for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-35

Table 78: Rest of Europe Long-term Projections for Zirconium
by End-UseSegment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-36

Table 79: Rest of Europe Historic Review for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 1991 through 2000 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-36

Table 80: Rest of Europe 20-Year Perspective for Zirconium
by End-Use Segment - Percentage Breakdown of Volume Sales
for Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications for
the Years 1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-37

5. Asia-Pacific III-38
A.Market Analysis III-38
Outlook III-38
Australia - A Major Producer III-38
B.Market Analytics III-38
Table 81: Asia-Pacific Recent Past, Current & Future
Analysis for Zirconium by Geographic Region - China and Rest
of Asia-Pacific Markets Independently Analyzed by Annual
Sales for the years 2001 through 2010 in Thousand Metric
Tons (includes corresponding Graph/Chart) III-38

Table 82: Asia-Pacific Long-term Projections for Zirconium
by Geographic Region - China and Rest of Asia-Pacific
Markets Independently Analyzed by Annual Sales for the years
2001 through 2010 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-39

Table 83: Asia-Pacific Historic Review for Zirconium by
Geographic Region - China and Rest of Asia-Pacific Markets
Independently Analyzed by Annual Sales for the years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-39

Table 84: Asia-Pacific 20-Year Perspective for Zirconium by
Geographic Region - Percentage Breakdown of Volume Sales for
China and Rest of Asia-Pacific Markets for the years 1991,
1997, 2007 and 2010 III-40

Table 85: Asia-Pacific Recent Past, Current & Future
Analysis for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-41

Table 86: Asia-Pacific Long-term Projections for Zirconium
by End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
years 2001 through 2010 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-41

Table 87: Asia-Pacific Historic Review for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 1991 through 2000 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-42

Table 88: Asia-Pacific 20-Year Perspective for Zirconium by
End-Use Segment - Percentage Breakdown of Volume Sales for
Ceramics (Tiles, Tableware and Sanitaryware), Refractories,
Foundries, TV Glass and Other Applications for the Years
1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-42

5a. China III-43
A.Market Analysis III-43
Outlook III-43
Trends III-43
Table 89: China Zirconium Production in Tons: 1997- 2004
-By Volume and Value (Thousand, US$) (includes
corresponding Graph/Chart) III-43
Strategic Corporate Developments III-44
Focus on Key Players III-47
China Zirconium Limited III-47
Astron Advanced Materials Ltd III-47
B.Market Analytics III-48
Table 90: Chinese Recent Past, Current & Future Analysis for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2001 through 2010 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-48

Table 91: Chinese Long-term Projections for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-48

Table 92: Chinese Historic Review for Zirconium by End-Use
Segment - Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications
Independently Analyzed by Annual Sales for the Years 1991
through 2000 in Thousand Metric Tons (includes corresponding
Graph/Chart) III-49

Table 93: Volume Sales for Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications for the Years 1991, 1997, 2007 and 2010
(includes corresponding Graph/Chart) III-49

5b. Rest of Asia-Pacific III-50
A.Market Analysis III-50
Outlook III-50
Key Players III-50
Alkane Resources Ltd. (Australia) III-50
Astron Ltd (Australia) III-50
Australian Zircon NL (Australia) III-50
Bemax Resources Limited (Australia) III-50
Iluka Resources Limited (Australia) III-51
Strategic Corporate Developments III-51
B.Market Analytics III-54
Table 94: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
Metric Tons (includes corresponding Graph/Chart) III-54

Table 95: Rest of Asia-Pacific Long-term Projections for
Zirconium by End-Use Segment - Ceramics (Tiles, Tableware
and Sanitaryware), Refractories, Foundries, TV Glass and
Other Applications Independently Analyzed by Annual Sales
for the Years 2011 through 2015 in Thousand Metric Tons
(includes corresponding Graph/Chart) III-55

Table 96: Rest of Asia-Pacific Historic Review for Zirconium
by End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 1991 through 2000 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-55

Table 97: Rest of Asia-Pacific 20-Year Perspective for
Zirconium by End-Use Segment - Percentage Breakdown of
Volume Sales for Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications for the Years 1991, 1997, 2007 and 2010
(includes corresponding Graph/Chart) III-56

6. Rest of World III-57
A.Market Analysis III-57
Outlook III-57
South Africa III-57
Key Players III-57
Foskor Ltd (South Africa). III-57
Exxaro Resources Ltd (South Africa) III-57
Namakwa Sands Ltd (South Africa) III-58
Richards Bay Minerals (South Africa) III-58
B.Market Analytics III-58
Table 98: Rest of World Recent Past, Current & Future
Analysis for Zirconium by End-Use Segment - Ceramics (Tiles,
Tableware and Sanitaryware), Refractories, Foundries, TV
Glass and Other Applications Independently Analyzed by
Annual Sales for the Years 2001 through 2010 in Thousand
MetricTons (includes corresponding Graph/Chart) III-58

Table 99: Rest of World Long-term Projections for Zirconium
by End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Salesfor the
Years 2011 through 2015 in Thousand Metric Tons (includes
corresponding Graph/Chart) III-59

Table 100: Rest of World Historic Review for Zirconium by
End-Use Segment - Ceramics (Tiles, Tableware and
Sanitaryware), Refractories, Foundries, TV Glass and Other
Applications Independently Analyzed by Annual Sales for the
Years 1991 through 2000 in Thousand Metric Tons (includes
correspondingGraph/Chart) III-59

Table 101: Rest of World 20-Year Perspective for Zirconium
by End-Use Segment - Percentage Breakdown of Volume Sales
for Ceramics (Tiles, Tableware and Sanitaryware),
Refractories, Foundries, TV Glass and Other Applications for
the years 1991, 1997, 2007 and 2010 (includes corresponding
Graph/Chart) III-60

IV. COMPETITIVE LANDSCAPE