Australia's Iluka Resources slumps on below-par quarterly production
** Shares of Iluka Resources
ILU
fall 8.1% to A$4.9, their lowest level since Dec. 23
** The critical minerals miner posts zircon/rutile/synthetic rutile sales of 136 KT in second quarter, 12% below Citi's estimates
** Co also logs mineral sands revenue of A$290 million in second quarter, 17% below Citi's estimates
** Stock fell as much as 9.2% earlier in the day, marking its worst intraday drop since Dec. 6
** Stock down over 3% this year, including the day's move