Iluka Resources Posts Strong Q2 Production
Company Announcements

Iluka Resources Posts Strong Q2 Production

Iluka Resources Limited (AU:ILU) has released an update.

Iluka Resources Limited reported increased production and sales of zircon, rutile, and synthetic rutile in the second quarter of 2024, with zircon sand production at 47kt and synthetic rutile sales underpinned by long-term contracts. The average price for zircon sand rose slightly to US$1,907/t, while cash production costs also increased due to a lower production base. Capital expenditure in the first half of 2024 reached $173 million, with notable investments in the Balranald mineral sands and the Eneabba rare earths refinery.

For further insights into AU:ILU stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCooper Investors Boosts Stake in Iluka Resources
TipRanks Australian Auto-Generated NewsdeskIluka Resources Lists New Securities on ASX
TipRanks Australian Auto-Generated NewsdeskIluka Resources Shows Strong Production Amid Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App