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Iluka battles zircon market, Sierra Rutile issues

Following an investor briefing and site visit last week to Iluka Resources’ Cataby project in Western Australia, analysts at Macquarie have cut their forecasts for the minerals sands major to below guidance.

Iluka battles zircon market, Sierra Rutile issues Iluka battles zircon market, Sierra Rutile issues Iluka battles zircon market, Sierra Rutile issues Iluka battles zircon market, Sierra Rutile issues Iluka battles zircon market, Sierra Rutile issues

Iluka Resources' Cataby operations in Western Australia

Iluka expects to increase zircon sales by about 50% in the current quarter and hence meet guidance, but the Macquarie analysts are concerned by the "near-term weakness in demand" with the key markets

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