BUZZ-Australia's Iluka Resources climbs to 9-1/2-month high on rare-earths supply deal

Reuters

2025/08/08

** Shares of Iluka Resources ILU.AX rise as much as 4.9% to A$6.05, their highest level since October 30, 2024

** Co set for best week since early July after signing long-term deal with Lindian Resources LIN.AX for rare-earths supply from Malawi

** Australia is considering setting a price floor to support critical minerals projects, including rare earths, Resources Minister Madeleine King said earlier in the week

** Stock up 19.5% this year, including the day's move

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

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