Iluka jumps on price rise

SHARES in mineral sands producer Iluka Resources were up as much as 11% this morning after the company reached agreement with customers over higher rutile prices in the second half of the year.

Iluka jumps on price rise Iluka jumps on price rise Iluka jumps on price rise Iluka jumps on price rise Iluka jumps on price rise

The company said the second half weighted average price for rutile is expected to be 70-75% higher when compared with the first half price of $US770 per tonne.

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