Tronox(US:TROX)2026-01-26 21:30Plant Closure and Restructuring - Tronox plans to permanently close its TiO2 plant in Fuzhou, China, with a capacity of 46,000 metric tons per year, due to weak domestic demand and rising production costs[1] - The company expects restructuring charges of approximately $60-80 million in Q4 2025, including $35-45 million in non-cash write-downs related to the shutdown[2] Financial Performance and Projections - For Q4 2025, Tronox anticipates revenue of $730 million, an 8% increase year-over-year, with $577 million from TiO2, $78 million from zircon, and $75 million from other products[3] - The expected net loss attributable to Tronox is $176 million, with Adjusted EBITDA projected at $57 million[5] - Free cash flow for Q4 2025 is expected to be $53 million, significantly exceeding guidance due to lower inventory levels[6] - The company will provide further details on its expectations for 2026 during the earnings call in February[6] Product Volume and Pricing - TiO2 volumes increased by 13% year-over-year and 9% sequentially, while zircon volumes rose by 27% year-over-year and 42% sequentially[4] - TiO2 pricing declined by 8% year-over-year, while zircon pricing fell by 23% year-over-year, primarily due to product mix[4] Strategic Initiatives - Tronox is advancing its minerals processing operations to produce rare earth elements, assessing the feasibility of a cracking and leaching facility in Australia[6] - The company aims to create a vertically-integrated supply chain for rare earth oxides, fulfilling its long-term sustainability strategy[6]