iofina plc said wednesday that it will meet its secondhalf crystalline iodine production target and that demand for iodine and iodine derivatives remains strong the iodine producer said it will achieve the target of 260 to 275 metric tons that was projected at the half year the iodine spot price has continued to climb reaching 50 a kilogram and the directors expect the current pricing levels to be maintained into the first half of 2022 the company said completion of the agreement with brine partners ahead of the development of io9 has progressed since the thirdquarter update though execution of an agreement has been delayed into the first quarter of 2022 because of the latest covid19 surge the company said despite the delay the directors expect the new plant to contribute to iofinas iodine production in the third quarter of 2022 it said importantly market trends remain firmly in our favor with demand for iodine and related products strong and the iodine spot price now reaching 50kg the directors believe that the outlook moving into 2022 is certainly encouraging president and chief executive tom becker said