Why Iluka Resources Shares Just Slid — And the Rare-Earths Bet Traders Are Watching
Iluka Resources shares fell 3.87% to A$7.45 in Sydney on Tuesday, trading 4.88 million shares with no new company filings explaining the drop. The decline came as Australian mining stocks weakened and rare-earth peers Lynas and Arafura also lost ground. Investors remain focused on Iluka’s rare earths push and the weak mineral-sands market. The Eneabba Rare Earths Refinery is set to start NdPr production next year.