zircon

Analyst Matthew Hope says the Chinese market is weak right now, and one of Iluka’s competitors has reduced its zircon price for China.

For decades, Iluka has been mining zircon in Australia - a key ingredient in ceramics, and titanium dioxide used in the pigmentation of paint, plastics and paper.

Those crystals in Australia, called zircons, form only where there is plate subduction, and subduction can happen only on a planet with active plate tectonics.

The zircons represent a rare report from the mysterious Hadean, the geological time period that ended about 4 billion years ago, 500 million years after Earth’s formation.

And although debate continues about the timing of the Moon-forming impact, hardy zircon crystals in Moon rocks dated last decade did suggest it could have happened at the same time.