Iofina PLC CEO Dr Tom Becker takes Proactive's Stephen Gunnion through the company’s performance during the first quarter of 2025, its upcoming production milestones, and market conditions for iodine.
Becker explained that despite severe winter conditions in early 2025 impacting brine availability, Iofina managed to hold production steady. He described the quarter as "pretty decent," even though the company had anticipated stronger output. He noted that weather-related disruptions were outside the company’s control, particularly due to the reduced oil and gas production from partners.
Iodine prices remain firm at over $70 per kilogram, and Becker expects this to continue due to strong demand—especially in healthcare—and limited new supply sources globally. “The demand for iodine and its compounds, especially in healthcare industries, is strong and should grow year over year,” he said.
Looking ahead, Iofina’s IO#11 plant is set to come online in the second half of 2025, with early-stage work on IO#12 already underway. The company remains confident in reaching its long-stated 1,000 metric ton annual production target. Becker added that chemical derivatives markets are also performing strongly and that Iofina is actively seeking additional opportunities in both existing and new locations in the United States.
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