Ferrexpo to ship Ukraine iron ore to Japan again within 3 years: chair

Black Sea ports closed in Ukraine war have reopened, Lucio Genovese says

20240409N Bulk carrier black sea REUTERS

A bulk carrier docks at the Ukrainian seaport of Pivdennyi in the Black Sea. The war with Russia has disrupted commodity shipments from Ukraine. © Reuters

SHIGERU SENO, Nikkei senior staff writer

TOKYO -- Swiss-headquartered mining group Ferrexpo will resume exporting iron ore pellets to Japan within the next few years, Executive Chair Lucio Genovese said in a recent interview.

Ferrexpo once accounted for as much as 10% of Japanese demand for iron ore pellets, Genovese said. But with Ferrexpo's iron ore operations located in Ukraine, the company halted exports to Japan after Black Sea ports were closed during the war.

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