Ferrexpo has temporarily suspended operations due to attacks on the energy infrastructure. The share price has fallen significantly, while the resumption of production depends on external factors.
The targeted attacks on the Ukrainian energy infrastructure have maneuvered the iron ore producer Ferrexpo into a difficult situation. As a stable power supply is currently not guaranteed, the company has been forced to temporarily suspend operations. While demand for the Group's high-quality pellets continues unabated on the global market, external factors are now determining the management's scope for action.
Energy supply as a critical factor
The operational shutdown that Ferrexpo had to announce in January 2026 is the direct result of massive damage to the regional power grid. Although the mining company's own facilities remained undamaged according to its own information, it is not possible to operate the conveyor systems economically without a sustainable energy supply. The majority of the workforce is currently on short-time working.
Market observers are therefore focusing primarily on the stability of the Ukrainian energy grid. For Ferrexpo, the resumption of production is inextricably linked to the repair of the infrastructure. As long as the power supply remains unreliable, the company cannot make any reliable forecasts about future capacity utilization.
Logistics and production targets
The fourth quarter of 2025 was already characterized by significant operational hurdles. Production fell short of original plans, which the management attributed primarily to disruptions in the logistics and export channels. Despite these adversities, Ferrexpo was able to report total production of over six million tons of iron ore for the full year 2025 for the second year in a row.
Although investors are rewarding the successful change in the product mix to particularly high-quality concentrate, the share has recently come under pressure. At a current price of EUR 0.82, the share price has fallen by almost 11% in the last 30 days, but remains above the 200-day average.
Outlook for exportability
Alongside the energy issue, the reliability of transportation routes remains the second major unknown. The company's ability to bring its products to international sales markets depends directly on the reliability of rail and port connections. A return to regular shift operation is only realistic if both the energy supply and the logistics chains can be stabilized in the long term. Achieving the production targets for the current year therefore depends almost exclusively on the resilience of the national infrastructure.
Closing price yesterday (Monday): € 0.82
Change 7 days: -2.37%
Change 30 days: -10.81%
Since the beginning of the year (YTD): -4.07%
Change 12 months: -11.76%
52-week high: € 1.01 (18.03.2025)
Distance to 52-week high: -18.32%
52-week low: € 0.52 (30.07.2025)
Distance to 52-week low: 58.65%
50-day average: € 0.85
Distance to the 50-day average: -3.18%
100-day average: € 0.77
200-day average: € 0.69
Distance to the 200-day average: 19.61%
RSI (14 days): 71,2
Volatility (30 days, annualized): 70,76%
