Iluka Resources (ASX:ILU) faces sales dip amidst global economic uncertainty

Iluka Resources is poised to increase its overall mineral sands production for the year, but sales have been affected by subdued economic activity in China.

The Western Australia-based miner faced a 22% deficit in sales, reaching 494,000 tonnes of zircon, rutile, and synthetic rutile for the year.

The decline is attributed to global economic uncertainty and weakness in key markets.

Iluka remains optimistic about a potential boost in sales, pointing to new stimulus measures in China aimed at stimulating demand in the real estate market and encouraging consumer spending.