Reuters: Global Markets: Tronox shares down after rival cuts sales forecast

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Tronox shares down after rival cuts sales forecast Jul 9th 2012, 15:17 Mon Jul 9, 2012 11:17am EDT (Reuters) - Shares of pigments maker Tronox Inc (TROX.N) fell 17 percent on Monday after larger Australian rival Iluka Resources Ltd (ILU.AX) cut full-year sales volume outlook on customer worries about weak global growth. Tronox shares fell as much as 17 percent to their lowest in a year at $105.68, making them one of the top percentage losers on the New York Stock Exchange. Iluka, which makes titanium dioxide and zircon, warned its sales volumes had slumped and were unlikely to pick up over the rest of this year.

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