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Why Is Iluka Idling Key Mines and Slashing Costs Amid Steady Zircon Prices?

10:22am on Friday 17th of October, 2025 AEDT Mining
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Why Is Iluka Idling Key Mines and Slashing Costs Amid Steady Zircon Prices?

10:22am on Friday 17th of October, 2025 AEDT
Key Points
  • Q3 production steady at 124kt zircon/rutile/synthetic rutile
  • Synthetic rutile (SR2) and Cataby mine to be idled from December 2025
  • Year-to-date zircon sales 5% higher than 2024, prices steady at US$1,615/t
  • Targeted $150 million net cash cost reduction in 2026
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