Mineral sands downturn forces $565m Iluka adjustment

By Chloe Coutinho

Thursday, 29 January 2026
NewsProjects & Operations
Critical minerals producer Iluka Resources (ASX: ILU) has flagged a $565m pre-tax hit tied to its mineral sands business as weak demand continues to weigh on prices.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

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