Q1 2020 Iluka Resources Ltd Quarterly Review Conference Call Transcript
Good morning, and thank you for joining the call. With me on the line are Adele Stratton, Melissa Roberts and Christian Barbier.
As you will have seen, business conditions in the first quarter were dominated by COVID-19. The quarterly review was published today essentially outlines the initial impact of the pandemic on Iluka and some of the measures we've taken to manage them. Much of this information was foreshadowed at our AGM earlier this month, so I'll open up to questions in a moment.
But before I do, I'll just give a brief recap and offer some commentary on what we're observing in our key markets. The largest specific impact Iluka encountered during the quarter was on zircon sales, which were down more than 60% on the corresponding period last year. With the shutdown that occurred in China in February and through to March, ceramic tile demand was very soft, much lower than normal in what is traditionally a seasonally low period.
I said at the AGM that the pace at which
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