The iron ore company Ferrexpo, whose main production assets are located in Ukraine, has temporarily suspended production of iron ore products due to power supply interruptions after new Russian attacks on energy infrastructure. At the same time, the group's enterprises were not directly damaged.
This is stated in an official announcement by Ferrexpo, published on November 10 through the London Stock Exchange's regulatory news service.
According to the company, the latest Russian strikes damaged Ukraine's electricity infrastructure, including power lines and substations.
As a result of the attacks, electricity supply to Ferrexpo's production facilities became unstable, and the available volumes of electricity are insufficient to maintain the production process. Therefore, the group's management decided to temporarily halt production.
The company will continue to monitor the situation in the Ukrainian power system and plans to resume output as soon as conditions allow working on a commercially viable basis.
Ferrexpo currently does not provide specific timelines for the resumption of production. The further operation of the enterprises will depend on the stabilization of electricity supply and the ability to provide the production process with the necessary resources.
At the same time, the company emphasized that its own assets were not damaged by the latest attacks. This means that the current shutdown is related precisely to problems with external power supply, not to the destruction of production facilities.
Despite the production halt, Ferrexpo still retains the ability to fulfill supplies to European customers thanks to available warehouse stocks of finished products.
The company did not specify the volumes of these stocks or the period during which they will allow export supplies without resuming production.
The current shutdown has become another disruption to Ferrexpo's production activity in 2026. Earlier, the company had already stopped work due to difficulties with energy supply, logistics, and financing.
As reported by "Kurs Ukrainy", in September Ferrexpo resumed output of iron ore products after attracting about $100 million in new capital. At that time, the company managed to launch one pellet production line after a shutdown in early August.
Ferrexpo is a mining group headquartered in Switzerland with production assets in Ukraine. The company specializes in the production of iron ore pellets and other raw materials for the metallurgical industry. Its shares are traded on the London Stock Exchange under the ticker FXPO.
Based on materials: Ferrexpo PLC - official stock exchange announcement
