Iluka Resources (ILU), Australia's largest mineral sands miner & the world's biggest zircon producer, reported a worse than expected $34.3m 1H13 (Jan-Jun)...
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Iluka Resources (ILU), Australia's largest mineral sands miner & the world's biggest zircon producer, reported a worse than expected $34.3m 1H13 (Jan-Jun) profit. The result was around 20% lower than consensus & an 87.5% slump on 1H12. Prices have dropped significantly for its two major products - zircon (used to glaze/coat tiles) & rutile (mineral used in paints & plastics to provide bright white colours). China, the world's biggest consumer of zircon, has recently lost its appetite for the mineral, due to cheaper alternatives. ILU shares are up 18% since Jan 2013. For more visit: (VIEW LINK)
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CommSec
Online Stockbroker
Online Stockbroker
CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
Expertise
No areas of expertise
CommSec
Online Stockbroker
Online Stockbroker
CommSec is Australia's leading online broker. CommSec has been committed to providing the best in online trading since 1995. CommSec helps make informed investment decisions with comprehensive market research, free live pricing and powerful...
Expertise
No areas of expertise
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