The latest update is out from Iluka Resources Limited ( (AU:ILU) ).
Iluka Resources Limited held its 70th Annual General Meeting, highlighting significant transitions within the company, including the commissioning of a new mine at Balranald and the development of a rare earths business. Despite macroeconomic uncertainties, Iluka achieved a 42% margin across its product suite, funded its development pipeline without high gearing, and declared a dividend, showcasing its strategic resilience and commitment to sustainable value creation for shareholders.
More about Iluka Resources Limited
Iluka Resources Limited operates in the mineral sands industry, focusing on the production of zircon and titanium dioxide products. The company is also developing a rare earths business, which signifies its strategic evolution in the market.
YTD Price Performance: -11.00%
Average Trading Volume: 8,456
Technical Sentiment Signal: Buy
Current Market Cap: $1.14B
See more insights into ILU stock on TipRanks’ Stock Analysis page.