【Ferro-alloys.com】: 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 a month from November to December 2025, 80 000 t a month from January to June 2026, and 20 000 t a month from July to December 2026.

Fenix is targeting iron-ore sales of 4.0-million to 4.4-million tonnes in the year to June 30, 2026, at a C1 cash cost of A$70/wmt to A$80/wmt free-on-board Geraldton. The company said the hedges lock in a positive margin on base production while retaining upside to spot prices.

• [Editor:Alakay]