Iluka Flags A$565m of Exceptional Charges, Shares Plunge on Weak Mineral Sands Demand
Iluka Resources said it will book roughly A$565 million of exceptional pre-tax charges in its fiscal year to Dec. 31, 2025, driven by a non-cash impairment and an inventory net realisable value adjustment amid subdued demand for mineral sands and pigment products. The announcement sent the Sydney-listed stock sharply lower, while the company revise…