Australian rare earths miner Iluka Resources slips on suspending production

Iluka Resources

10/09/2025 01:53

** Iluka Resources ILU.AX slips as much as 15.3% to A$5.48; marks largest intraday pct fall since late March 2020

** Stock hits lowest since August 4

** Rare earths miner to suspend production at its Cataby mine, Synthetic Rutile Kiln 2 in Western Australia due to subdued demand for mineral sands

** Production to be suspended for around six months at SR2, for ~12 months at Carnaby

** ILU gains 16.4% YTD

 (Reporting by Nikita Maria Jino and Sherin Sunny in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))