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11 Jan
12:12

Ferrexpo’s 2022 pellet output decreases amid war, blackouts

Swiss-headquartered iron ore mining and pellet producer Ferrexpo with assets in Ukraine significantly decreased production of pellet in the fourth quarter of 2022 to 417,000 tonnes, down by 49% on-quarter and by 86% on-year, the company tells Kallanish. The company attributes the big fall to the loss of electrical power for the majority of the quarter, which was partially restored in late December, in addition to existing constraints relating to Russia’s inv…
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