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Fenix expands iron-ore hedging
Australia’s Fenix Resources said on Tuesday it has added a further 240 000 t of iron-ore hedging for 2026, lifting its total hedge book to 840 000 t at an average fixed price of A$152.08/t. The new swap contracts, arranged with Macquarie Bank, extend the company’s price protection through to December 2026, Fenix said. The structure now covers 120 000 t/month from November to December 2025, 80 000 t/month from January to June 2026, and 20 000 t/month from July to December 2026. Fenix is targeting iron-ore sales of 4.0-million tonnes to 4.4-million tonnes in the year to June 30, 2026, at a C1 cash cost of A$70/wmt ... (full story)
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- Nov 26, 2025 2:03am Posted byFundamental Analysis187
