Not Only Clouds on the Horizon for Iluka but Some Sunshine, Too
The market appears to have been overly pessimistic of late in selling down Iluka’s shares. After peaking in May 2018 above AUD 12.00, the shares declined about 40% to recent lows of nearly AUD 7.00. We contend that concerns around a potential slowdown in demand for zircon and titanium dioxide feedstocks, and for prices to only fall from here, are overblown. Scars from the most recent multiyear price downturn are still fresh in investors’ minds, but we think conditions this time around are differ...Iluka Resources is engaged in mineral sands exploration, project development, operations and marketing. Co. is a producer of zircon and titanium dioxide products, as well as rutile and synthetic rutile products. These products are used in a range of applications. Co.'s segments include Australia, which comprises the integrated mineral sands mining and processing operations in Victoria, Western Australia and South Australia; United States, which includes its mineral sands mining and processing operations in Virginia; and Mining Area C, which comprises a deferred consideration iron ore royalty interest over certain mining tenements in Australia operated by BHP Billiton Iron Ore.
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