Advisory

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Iluka Resources is under Algo Engine buy conditions.

Iluka Resources Limited is a prominent Australian critical minerals company, specializing in the exploration, project development, mining, processing, and marketing of mineral sands and rare earths. The company is a globally significant producer of zircon and high-grade titanium dioxide feedstocks, including rutile and synthetic rutile. Iluka also has a growing presence in the rare earths sector, with a focus on becoming a material supplier of refined rare earths through its Eneabba refinery in Western Australia.

As of December 19, 2025, Iluka Resources had a market capitalization of approximately A$2.33 billion. The company’s shares are listed on the Australian Securities Exchange (ASX) under the ticker ILU and it is a constituent of the S&P/ASX 200 Index.

Recent market conditions have presented both challenges and strategic adjustments for Iluka. The company announced a temporary production halt at its Cataby mine and Synthetic Rutile Kiln 2 (SR2) operations in Western Australia, effective December 1, 2025. This decision was a response to challenging market conditions, specifically reduced global demand for mineral sands and downstream products in the titanium dioxide pigment sector, indicating a disciplined approach to resource management during cyclical downturns. Despite these short-term adjustments, Iluka continues active operations at its Jacinth-Ambrosia mine in South Australia and is progressing with commissioning activities for its Balranald mine in New South Wales.

The company’s long-term outlook appears robust due to its diversification into rare earths, which positions it well for growing technology metals markets. Analysts covering Iluka Resources have a consensus target price of AU$7.34, suggesting a potential upside of 34.89% from its recent closing price of AU$5.44. This reflects cautious optimism regarding the company’s future prospects as demand signals for its products are closely monitored.