Iluka Resources says it expects demand for its mineral sands products to continue to improve this year after stronger first half conditions allowed it to reduce net debt by 40 per cent.
Joining its mineral sands peers in flagging a long-awaited improvement in market conditions, Iluka said revenue from the sale of zircon, rutile and synthetic rutile in the first half of 2017 had jumped 46 per cent year-on-year to $470 million.
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
