Australia's Iluka Resources slumps on below-par quarterly production

Iluka Resources

22/01/2025 24:15

** Shares of Iluka Resources  ILU.AX  fall 8.1% to A$4.9, 
their lowest level since Dec. 23
    ** The critical minerals miner posts zircon/rutile/synthetic
rutile sales of 136 KT in second quarter, 12% below Citi's
estimates
    ** Co also logs mineral sands revenue of A$290 million in
second quarter, 17% below Citi's estimates
    ** Stock fell as much as 9.2% earlier in the day, marking
its worst intraday drop since Dec. 6
    ** Stock down over 3% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))