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.

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