Sign up USA
Proactive Investors - Run By Investors For Investors

Ferrexpo gets pelleted after production update

The iron ore producer found the market hard to please
Ferrexpo gets pelleted after production update
The shares took a tumble after the production update

Record pellet production in the fourth quarter was not enough to prevent shares of Ferrexpo (LON:FXPO) from being hammered in the market.

The shares were marked almost 9% lower at 20.52p in the first half hour of trading on Thursday after the Ukraine-focused iron ore company revealed pellet production hit a quarterly record of 2.98mln tonnes, up 4.3% from the preceding quarter.

For the whole of 2015, pellet production totalled 11.66mln tonnes, up 5.8% from 11.02mln tonnes in 2014.


Register here to be notified of future FXPO Company articles
View full FXPO profile

Ferrexpo Timeline

February 20 2013

Related Articles

November 18 2016
Anglesey is the owner of the Parys Mountain underground zinc-copper-lead-silver-gold deposit in Wales, where it is updating earlier scoping and economic studies.
March 03 2016
Strategic Minerals' Cobra tailings operation in the USA still forms the linchpin of the business and allows the group to expand and look for other investment opportunities.
January 04 2016
Africa-focused West African Minerals is weathering the iron ore price storm...
Copyright ©, 2016. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC