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Tronox Holding's acquisition of Tizir Titanium and Iron raises competition concerns, CMA says

( January 4, 2021, 07:32 GMT | Official Statement) -- MLex Summary: Tronox Holding's proposed acquisition of Tizir Titanium and Iron raises competition concerns, the UK's Competition and Markets Authority said. The deal combines a manufacturer of titanium-dioxide pigment with the Norwegian titanium-smelting facility of French mining company Eramet. The CMA said Tronox intends to use all of TTI’s chloride slag in its own production of titanium dioxide and halt future sales of chloride slag to third parties. This would leave Rio Tinto, TTI’s main chloride slag competitor, with what is "effectively a monopoly position," the CMA said. The CMA said it has found that the removal of TTI as a main competitor from the market could significantly limit customer supply and lead to higher prices for chloride slag globally, as well as for titanium dioxide in the UK and Europe. Statements follow....

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