Iofina PLC has commissioned its largest iodine production plant in the Permian Basin, marking a significant expansion. The new plant is currently undergoing hydrotesting with production expected to ramp up soon, supported by up to 50,000 barrels of produced water daily. Despite a 4.9% drop in Q3 iodine output due to lower water supplies and project delays, the company anticipates improved second-half production and has plans to build two more plants by mid-2027 to reach an annual target of 2,000 tonnes. Iodine prices remain strong, supporting Iofina's growth strategy following record financial results earlier in the year.
Iofina's recent commissioning of its largest iodine plant is presented here with Pluang's Basic Materials sector data as of Oct 16, 2026 13:11 WIB. Of 83 priced US Basic Materials stocks tradable on Pluang, 62 rose and 19 fell today. Notable movers include Sibanye Stillwater Ltd (SBSW) at USD 9.83 with a 4.35% increase and 100% buy order activity, Sherwin-Williams Company (SHW) at USD 337.82 up 4.09%, and Aura Minerals Inc. (AUGO) at USD 85.45 with a 3.80% rise and a typical hold time of 1 day.
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