Key Highlights

  • Iluka shares traded at $6.26, up 5.48%, during the 9 November 2026 trading session.
  • Zircon, rutile and synthetic rutile production was 76kt in Q3 2026, with the kilns at Narngulu remaining idle.
  • The realised zircon sand price was US$1,685 per tonne, while Q3 contracted prices averaged US$1,768 per tonne.

Iluka Resources Limited (ASX:ILU) shares were trading at $6.26 during the Trading session on 9 November 2026, up 5.48%. The S&P/ASX 200 index rose 0.10% to 9,029.70 and the S&P/ASX 200 Materials index gained 2.88% to 23,254.80 over the same session. Iluka is a mineral sands producer of zircon, rutile and synthetic rutile, with operations in Western Australia and a processing plant at Narngulu.

Latest Development: Quarterly Review on 28 October 2026

Iluka's quarterly review to 30 September 2026, released on 28 October 2026, reported zircon, rutile and synthetic rutile production of 76kt in Q3 2026.

Sales of zircon, rutile and synthetic rutile were 115kt in the quarter, including 77kt of zircon and 16kt of synthetic rutile. Year-to-date synthetic rutile sales were 52kt, with the balance of the 110kt full-year contracted Volume expected in Q4.

The realised zircon sand price was US$1,685 per tonne for the quarter, in line with earlier guidance. The company said the average realised price for volumes contracted in Q3 was US$1,768 per tonne, up US$222 per tonne on contracted Q2 sales.

Plant Operations

The Narngulu mineral separation plant mainly processed Jacinth-Ambrosia concentrate during the quarter. Iluka's synthetic rutile kilns remain idle, and the company said some zircon sand sales were delayed to Q4 by shipping timing.

The company's full-year synthetic rutile contract volume therefore depends on sales expected in the fourth quarter.

About the Company and Business Overview

Iluka produces zircon and rutile from mineral sands. Zircon is used in ceramics and industrial applications, and rutile is used in titanium pigment and welding products.

Its results depend on sales volumes, realised prices and the operating status of its processing facilities.

Sector Context

Mineral sands markets are influenced by ceramics demand, titanium pigment production and Chinese industrial activity. Pricing can change between contract periods.

Gold, silver and copper moved higher on 9 November 2026 according to market data, but mineral sands markets are driven by separate factors.

Risks and What to Watch Ahead

The report shows idle kilns and shipping delays, which affect volumes and the timing of revenue. Prices can move against contracted expectations.

Watch items include the Q4 synthetic rutile sales, any restart decision for the kilns and the next quarterly review.

Final Word

Iluka's quarterly review describes higher contracted zircon prices, a smaller volume of synthetic rutile sales year to date and idle processing kilns. The review covers the quarter ended 30 September 2026.