BUZZ-Australia's Iluka Resources plunges as China deal leads to guidance withdrawal** Shares of Australia's Iluka Resources ILU.AX slump as much as 15.5% to A$7.01; marks biggest intraday fall since March 2020
** Stock hits lowest since October 3
** The rare earths miner withdraws guidance for synthetic rutile sales due to an asset purchase deal between China's LB Group and co's customer Venator
** Under the deal, Venator is selling the UK plant to LB Group, raising uncertainty over 2025–2027 synthetic rutile supply contracts
** Stock up 40.6% YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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