[SMM Iron & Steel] Fenix Resource accelerating of 5 Mt of new capacity

Published: Apr 23, 2026 17:55

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Fenix Resources has announced its March 2026 quarterly report, indicating total iron ore shipments of 974,000 wet metric tons across 16 vessel loads. The company maintains its full-year sales guidance for fiscal year 2026, projecting shipments between 4.2 -4.8 million metric tons. Regarding realized prices, Fenix achieved an average CFR price of AUD 145.50 /dmt (~$101.20) Additionally, the development of the Beebyn-Hub project is progressing rapidly, with a new crushing and screening plant currently under construction, designed to have an annual capacity of 5 million metric tons. Significant advancements have also been made in completing the final feasibility study for the Weld Range project, which is expected to be finalized in the second half of 2026.

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