Fenix Resources (ASX:FEX) has expanded its iron ore hedging contracts by 300,000 tons for 2025, bringing the total volume hedged to 470,000 tons, according to a Friday filing with the Australian bourse.
These contracts, which span from January to December 2025, build upon the 120,000 tons of hedges previously secured for the first half of 2025, the filing said.
The new hedges comprise 50,000 tons for December at AU$150 per ton, 60,000 tons per month from January to June 2025 at AU$154.40 per ton, and 10,000 tons per month from July to December 2025 at AU$155.10 per ton.
The mining, logistics, and port services company attributed favorable exchange rates and strong spot iron ore prices, as key drivers for expanding its hedge book.
The hedging agreements are swap contracts with Macquarie Bank, to be settled in cash at the end of each month, the filing added.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。