Ferrexpo Shares Drop After Reporting 40% Decline in Q2 Production

Ferrexpo shares slumped on Monday after the London-listed iron ore pellet producer reported a steep 40% year-on-year decline in second-quarter production. The company blamed ongoing disruptions from the war in Ukraine, which have severely disrupted logistics and forced multiple operational halts. This disappointing update rattled investors and weighed on the stock market, sending Ferrexpo shares down more than 12% in early trading.