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Iluka Resources Limited ( (AU:ILU) ) has issued an update.
Iluka Resources Limited has announced the suspension of production activities at its Cataby mine and Synthetic Rutile Kiln 2 (SR2) in Western Australia, effective 1 December 2025, due to subdued demand for mineral sands and associated products like pigment. This strategic decision aims to manage inventory, reduce costs, and maintain financial stability, with plans to resume operations when market conditions improve. Meanwhile, production continues at the Jacinth Ambrosia mine, and commissioning is underway at the new Balranald mine, indicating Iluka’s readiness to adapt to changing market demands.
The most recent analyst rating on (AU:ILU) stock is a Buy with a A$6.40 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 a company operating in the mineral sands industry, primarily focusing on the production of synthetic rutile, a high-grade titanium dioxide product used predominantly as a feedstock to make pigment. The company has operations in Australia, including the Cataby mine and Synthetic Rutile Kiln 2 (SR2) in Western Australia, and the Jacinth Ambrosia mine in South Australia.
Average Trading Volume: 5,163,639
Technical Sentiment Signal: Buy
Current Market Cap: A$2.71B
For an in-depth examination of ILU stock, go to TipRanks’ Overview page.