Ferrexpo PLC - Swiss-headquartered, Ukraine-focused iron ore exporter - Resumes production in central Ukraine, following a temporary suspension announced October 11 due to Russian missile strikes on state-owned electrical infrastructure. Says repair work has progressed to allow for partial resumption of production, although supply of power remains variable.
Ferrexpo is focused on drawing down on its stockpiles of finished iron ore products to maintain supplies to its customers. It says it has been able to use these stockpiles to ensure a consistent supply to customers since the event, and has sufficient stockpiles to meet demand.
Current stock price: 102.82 pence, up 0.7%
12-month change: down 67%
By Holly Beveridge; hollybeveridge@alliancenews.com
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Ferrexpo (FXPO)