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The latest update is out from Iluka Resources Limited ( (AU:ILU) ).
Iluka Resources Limited has withdrawn its guidance for synthetic rutile sales due to uncertainties following LB Group’s agreement to purchase Venator’s titanium dioxide manufacturing site, which may remain idled. Despite having contracts with Venator and other Western pigment producers, Iluka is addressing potential impacts on its operations by discussing customer obligations and safeguarding its contractual rights, aiming to ensure security of supply for its titanium feedstock products.
The most recent analyst rating on (AU:ILU) stock is a Hold with a A$7.10 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 in the mining industry, primarily focused on the production and supply of mineral sands, including synthetic rutile, rutile, and ilmenite, which are used in the pigment industry.
Average Trading Volume: 5,457,109
Technical Sentiment Signal: Buy
Current Market Cap: A$3.98B
For an in-depth examination of ILU stock, go to TipRanks’ Overview page.