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Iluka Resources Limited ( (AU:ILU) ) has issued an announcement.
Iluka Resources reported sharply lower mineral sands production in the March 2026 quarter as the Cataby mine and both synthetic rutile kilns remained idled, leaving Jacinth-Ambrosia as the main source of finished goods while Balranald ramps up heavy mineral concentrate output. The Narngulu plant was temporarily reconfigured to maximise zircon-in-concentrate, and the company is monitoring rising diesel costs and energy-related supply chain disruptions that could influence 2026 cash costs.
Sales of zircon, rutile and synthetic rutile fell significantly year on year, with no synthetic rutile sales in the quarter and zircon sand sales impacted by logistics delays that pushed 9kt into the second quarter. Despite subdued and cautious demand amid macroeconomic uncertainty, Iluka has already contracted 50kt of zircon sand for Q2 at higher prices and expects a modest uplift in average zircon pricing, while capital expenditure on the Eneabba rare earths refinery reached $977 million and group net debt stood at $417 million for mineral sands and $693 million non-recourse for rare earths.
The most recent analyst rating on (AU:ILU) stock is a Buy with a A$7.90 price target. To see the full list of analyst forecasts on Iluka Resources Limited stock, see the AU:ILU Stock Forecast page.
More about Iluka Resources Limited
Iluka Resources Limited is an Australian producer of mineral sands, primarily zircon, rutile, synthetic rutile and ilmenite, with mining operations including Jacinth-Ambrosia in South Australia and development projects such as Balranald. The company is also developing the Eneabba rare earths refinery, positioning itself in the rare earths supply chain alongside its established mineral sands business.
Average Trading Volume: 4,009,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.22B
Find detailed analytics on ILU stock on TipRanks’ Stock Analysis page.