Miner Ferrexpo's shares dip as Q4 production falls below plan

Ferrexpo

14/01/2026 11:40

** Shares of Ukraine-focused miner Ferrexpo FXPO.L down 3.7% at 66.8p

** Co says missile and drone strikes on regional energy infrastructure disrupted power supply to operations, causing Q4 production to fall below plan

** Q4 total production stood at 1.1 million tonnes compared with 1.8 million tonnes in the previous year

** "Heavy Russian attacks have restricted exports to rail routes, likely constraining production and shipments in early 2026; we have already factored in a lower output of 5Mt for 2026E in our 50p target price, compared to 6.1Mt produced in 2025," says brokerage Peel Hunt

** In 2025, stock fell ~32%

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))