Ferrexpo Overcomes Challenges with Production Surge

Ferrexpo (GB:FXPO) has released an update.

Ferrexpo PLC reported a 47% year-over-year increase in iron ore production for the first nine months of 2024, despite a challenging third quarter marked by high electricity tariffs and additional costs due to the ongoing war. The company has focused on producing higher quality iron ore products and expanding its customer base in the MENA region to mitigate margin pressures. Additionally, iron ore prices saw a late-quarter recovery, spurred by economic stimulus measures in China.

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