..we have a cost problem building plants in Australia ..we have...

..we have a cost problem building plants in Australia
..we have an impending problem with export markets
..can't be too inspiring for miners.

..ILU is down -27% the past year, negatively correlated to the US market & ASX by a mile!

1 year view
ILU Stock Price and Chart — ASX:ILU — TradingView

Iluka dives on refinery cost blowout

Peter Ker

Shares in mining company Iluka were the biggest laggard on the sharemarket following news it would commit a further $214 million of cash into the $1.8 billion Eneabba rare earths refinery.
Iluka did not say on Friday morning how it would source the extra cash, which exceeds the $154 million of net cash the company was holding on June 30.
The construction of Australia’s first domestic rare earths refinery was initially expected to cost $1.2 billion but has now blown to $1.8 billion.