Iluka Resources (ASX:ILU) has released its Quarterly Review for the period ending 30 September 2024. The report highlights a mixed performance in production and sales of zircon, rutile, and synthetic rutile (Z/R/SR). The company produced 138kt of Z/R/SR for the year-to-date 2024. Sales for the third quarter totaled 97kt, with a notable portion occurring in the year's second half.
Iluka Resources' Q3 2024 report provides a detailed account of its operational activities, including production figures for zircon, rutile, and synthetic rutile. The company is experiencing stable zircon market prices, despite facing pressure from subdued Chinese demand and anticipated seasonal weaknesses in Q4. Project updates indicate significant progress, particularly at Eneabba and Balranald, with the company positioning itself as a leader in rare earth and critical mineral development. Exploration activities continue to be a focus, with spending directed towards resource evaluation both in Australia and internationally. Overall, Iluka remains committed to its strategic goals, focusing on long-term growth and market leadership in the mineral sands industry.
The Q3 2024 results reflect Iluka's resilience in navigating market conditions and maintaining stable production levels. We are progressing well with our strategic projects, particularly in rare earths and critical minerals, underscoring our commitment to sustainable growth and value creation.