Australia's Iluka Resources climbs to 9-1/2-month high on rare-earths supply deal

Lindian Resources

08/08/2025 07:04

Corrects to remove supply deal reference from headline; clarifies share moves track broader rare-earth sector gains and supply agreement was signed on Wednesday

** Shares of Iluka Resources ILU.AX rise as much as 4.9% to A$6.05, their highest level since October 30, 2024

** ILU tracks broader gains in Australian rare earths and lithium miners

** Lynas Rare Earths LYC.AX rose 3.8%, American Rare Earths ARR.AX added 19.4% while Arafura Rare Earths ARU.AX was up 8.3%

** Co set for best week since early July after signing long-term deal with Lindian Resources LIN.AX on Wednesday for rare-earths supply from Malawi

** Australia is considering setting a price floor to support critical minerals projects, including rare earths, Resources Minister Madeleine King said earlier in the week

** Stock up 19.5% this year, including the day's move

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))