Ferrexpo halts production for third time after attacks on Ukraine power grid
This is Ferrexpo's third production halt in 2026, as war risks and liquidity issues disrupt operations.
Iron ore pellet producer Ferrexpo (LON: FXPO) said on Tuesday it has temporarily stopped production after fresh attacks on Ukrainian electricity infrastructure made power supply to the group’s operations unstable and insufficient to sustain output.
Shares of the Ukraine-focused miner fell over 7% in early trading in London.
This is Ferrexpo’s third production halt this year, as war risks and liquidity issues disrupt operations.
No Ferrexpo assets were damaged, the company said, adding that it can supply European customers from existing inventory.
Ferrexpo gave no timeline for when it expects to resume production, but said it would restart once operational conditions allow it to operate on a commercial basis.
The UK-listed firm had restarted one pellet line in September after securing a $100 million equity raise.
(Reporting by Anushka Chourasia in Bengaluru; Editing by Jochelle Mendonca)
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