Iluka jumps on talks with Australian government for rare earths refinery support

Iluka Resources

08/05/2024 05:44

** Shares of Iluka Resources  ILU.AX  rise as much as 4% to
A$8.31, their highest level since Sept. 18, 2023
    ** The critical mineral's CFO Adele Stratton said Iluka is
in talks with the Australian government for more support for the
Eneabba rare earths refinery in the state of Western Australia 
    ** About 3.6 mln shares change hands, compared with the
30-day average volume of 1.7 mln shares
    ** Stock up 21.1% this year as of last close

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))