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Iluka Resources Limited ( (AU:ILU) ) has provided an update.
Lindian Resources Limited, a company focused on rare earth projects, has entered into a strategic partnership with Iluka Resources. This partnership includes a US$20 million construction term loan and a 15-year offtake agreement for rare earth monazite concentrate from Lindian’s Kangankunde project. This agreement strengthens Lindian’s position in the rare earth industry by securing long-term revenue and aligning with Western Australia’s strategic hub for rare-earth processing. The partnership also includes a right of first refusal for Iluka on future production expansions, providing a foundation for further growth.
The most recent analyst rating on (AU:ILU) stock is a Buy with a A$4.65 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
Average Trading Volume: 4,907,245
Technical Sentiment Signal: Sell
Current Market Cap: A$2.24B
Learn more about ILU stock on TipRanks’ Stock Analysis page.