Iluka Resources Limited ( (AU:ILU) ) has issued an update.
Iluka Resources Limited reported a productive first quarter in 2025, with a total production of 131kt of zircon, rutile, and synthetic rutile. The company saw a significant increase in zircon sand sales, up 116% from the previous quarter. Construction at the Balranald project is progressing well, with commissioning expected in the second half of 2025. Additionally, the Eneabba rare earths refinery has reached a capital expenditure of $408 million, with major equipment packages awarded and ongoing concrete works. These developments indicate Iluka’s strategic focus on expanding its production capabilities and strengthening its market position in the mineral sands and rare earths sectors.
More about Iluka Resources Limited
Iluka Resources Limited is a prominent player in the mineral sands industry, primarily engaged in the production of zircon, rutile, and synthetic rutile. The company is focused on mining and processing operations in Australia, with significant projects like Jacinth-Ambrosia and Cataby, and is expanding its rare earths capabilities with the Eneabba refinery.
YTD Price Performance: -25.57%
Average Trading Volume: 2,793
Technical Sentiment Signal: Buy
Current Market Cap: $934.6M
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