Australia's Iluka Resources flags impairment of minerals sands unit, shares drop
29/01/2026 24:48
** Shares of Iluka Resources ILU.AX fall as much as 17.03% to A$5.36, their lowest level since December 19, 2025 ** Stock set for its worst session since March 12, 2020 ** The rare earths miner expects to recognise two exceptional items, including an impairment of its mineral sands business ** About 7 million shares change hands, 2.1x the 30-day average ** Stock gained 14.7% in 2025 (Reporting by Sherin Sunny in Bengaluru) ((Sherin.Sunny@thomsonreuters.com))
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